The central theses
- Tim Berners-Lee, the inventor of the World Wide Web, is auctioning the code behind his creation as a non-fungible token (NFT).
- The NFT in this case is a digital representation of over 9,500 lines of code that Lee wrote between 1989 and 1991.
- The collective stamp will be auctioned by Sotheby’s.
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Tim Berners-Lee, inventor of the World Wide Web, will auction his original source code as a non-fungible token (NFT) via Sotheby’s.
Lee made a proposal for the World Wide Web in 1989 while working for the European Organization for Nuclear Research (CERN).
Now Lee will auction the code for the web as the Ethereum NFT. The token contains over 9,500 lines of code that Lee wrote between 1989 and 1991. This code uses three programming languages and is the foundation of the three protocols that make up the foundation of the modern Internet (HTML, HTTP, and URIs).
The unique NFT contains four different elements: the original code with timestamp, an animated visualization, a digital poster, and a letter from Lee detailing his thoughts on the code.
Tim Berners-Lee explained why he wanted to auction his code as a non-fungible token. “NFTs, be they works of art or such a digital artifact, are the latest playful creations in the field and the most suitable forms of ownership out there,” he said. “They are the ideal way to package the origins behind the web.”
Sotheby’s will auction the code
Sotheby’s is holding the auction, which is scheduled to take place June 23-30, 2021 The bids start at $ 1,000.
Various auction houses that deal in collectibles have shown great interest in NFTs and are now enabling high quality sales. Earlier this year, Sotheby’s sold a special edition of the iconic CryptoPunks NFT series called “Alien” Punk # 7523 for $ 11.8 million.
Elsewhere, Christie’s held an auction for Beeples “Everydays: The First 5,000 Days”. The token sold for $ 69.34 million this March and remains the highest NFT sale to date.
Just as the internet exploded in popularity in its early years, blockchain-based NFTs have caught mainstream attention. NFTs are now used to trade digital art, physical items, music, game items, sports memorabilia, and even Twitter posts.
Disclaimer: At the time of writing, this author owned Cosmos (ATOM).
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