Tim Berners-Lee’s Web Source Code NFT Sells for $5.43 Million at Sotheby’s

World Wide Web inventor Tim Berners-Lee has auctioned off the 30-year-old source code of his invention as a non-fungible token ( NFT ) for $5.34 million at Sotheby’s.
NFTs are blockchain-based crypto tokens that prove ownership of a digital or physical asset. Berners-Lee has described NFTs as “the latest playful creations in this realm and the most appropriate means of ownership that exists.”

The NFT, titled ” This Changes Everything ,” relates to four items. The first is a collection of time-stamped files containing the source code for HTML, HTTP and URIs — the three fundamental languages and protocols that Berners-Lee wrote in the early 1990s.
The others are a silent, half-hour video of someone typing up the code on a black screen; a digital poster of the code signed by Berners-Lee’s; and a letter, dated June 2021, from Berners-Lee that reflects on his experience creating the code.
Source Code for the World Wide Web
Since the source code to the web is open source , all the NFT buyer really owns is the artististic NFT package that Berners-Lee designed.
“I’m not even selling the source code,” Berners-Lee said in an interview with The Guardian published last week. “I’m selling a picture that I made, with a Python program that I wrote myself, of what the source code would look like if it was stuck on the wall and signed by me.”
Tim Berners-Lee Defends World Wide Web NFT Sale
Sotheby’s launched the auction on June 23, for one week, with the minimum bidding at $1,000. The proceeds from the sale will be donated to initiatives supported by Berners-Lee and his wife, Rosemary Leith, via the World Wide Web Foundation .
Sotheby’s entered the NFT market in March via a partnership with the Winklevoss-owned crypto art marketplace Nifty Gateway, when it auctioned a piece of art by Turkish 3D artist Murat Pak for $17 million . Earlier this month, the auction house sold a CryptoPunk NFT for $11.8 million to DraftKings’ largest shareholder, Shalom Meckenzie.

Source link