The NFT was created by British scientist Tim Berners-Lee in 2021 and represents ownership of various digital articles since it invented the World Wide Web in 1989.
A blockchain-based sign representing the original source code for the World Wide Web written by its inventor Tim Berners-Lee sold for $ 5.4 million at Sotheby’s in an online sale Wednesday, the auction house said.
The source code was sold in the form of a non-fungible token (NFT), a kind of cryptocurrency that records the ownership of digital items.
The NFT was created by British scientist Berners-Lee in 2021 and represents ownership of several digital articles since it invented the World Wide Web in 1989.
To be sure, the World Wide Web itself has not been sold. What was sold was a blockchain-based record of proprietary files containing the original source code for the World Wide Web. The final price was $ 5,434,500 and half of the bids were new to Sotheby’s.
The World Wide Web is the system for browsing and accessing information on the Internet.
NFT is considered valuable by some because it authenticates blockchain that is unique and was officially created, or “merged,” by Berners-Lee himself.
“The symbolism, the history, the fact that they come from the creator is what makes them precious – and there are so many people who collect things for exactly those reasons,” said Cassandra Hatton, global leader in science and culture. popular in Sotheby’s.
“We placed it in a public forum, sold it basically without reservation (the offer started at $ 1,000) and let the market decide what value it will be. There have been several bidders who all agree that it’s precious. ”
Included in the purchase are NFTs representing approximately 9,555 lines of code written in 1990-1991, a 30-minute animated display of code, a digital code display, and a digital letter written by Berners-Lee in June 2021. , reflecting on his invention.
The letter begins: “As people seemed to appreciate the autographed versions of books. Now that we have NFT technology, I thought it might be fun to make an autographed copy of the original code of the first web browser.”
The sale is the latest in a series of moves by traditional auction houses to embrace blockchain-based assets, which have exploded in popularity in early 2021.
In March, an NFT of a digital collage by American artist Beeple has raised $ 69.3 million to Christie’s, in the first sale by a large auction house of a work of art that does not physically exist. Twitter boss Jack Dorsey sells his first tweet in NFT form for $ 2.9m.