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Cryptocurrency investors and digital collectors believe the original source code of the website more valuable than the first tweet but less desirable than a pixelated punk.
A “Non-fungible tokens” It represented Sir Tim Berners-Lee’s invention of the website at an auction that sold for $ 5.4 million on Wednesday. The winner was not immediately identified.
Sotheby’s Auctions names digital artwork “This changed everything”, among the most valuable NFTs ever sold. However, the high-profile article was missing ten million dollars less than the high-water mark set by digital artist Beeple three months ago among signs that virtual interest is already weakening.
The final value exceeds the $ 2.9 million price paid for an NFT of Jack Dorsey’s first tweet, which the Twitter founder auctioned off in March. But it’s much less than $ 69 million cryptocurrency investor he paid for Beeple’s “Everydays: The First 5000 Days” in March.
Earlier this month, a CryptoPunk – one of the first digital collection series – sold for $ 11.8 million at a Sotheby’s NFT auction. The other two CryptoPunks, which look like the graphics of a first video game, have sold for more than $ 7 million.
The British scientist’s bundle featured an archive of time-stamped files for the WorldWideWeb browser, a 30-minute digital “poster” of animation and code, and a letter from Berners-Lee explaining the background to his invention.
Berners-Lee said in a statement that the process “gave me the opportunity to go back in time to the time I first sat down to write this code 30 years ago and could go into the next few decades to reflect on how far the network has come.”
“I am pleased that Rosemary and the initiatives I support have benefited from the sale of this NFT,” he said.
While the inventor of the web likened the token to an autographed book, Sotheby’s hoped that collectors would value the digital object in terms similar to a scientific art.
Berners-Lee’s set of codes exceeded the amounts paid for the handwritten manuscripts by Alan Turing and Albert Einstein at auctions of past scientific memories. The price is in line with NSA whistleblower Edward Snowden’s NFT artwork, which sold for $ 5.4 million in April.
More than 50 bids from around the world were placed in Berners-Lee’s NFT weekly auction. “The tremendous reception to respond to the auction is a fitting tribute to the genius of the man who changed our world forever,” said Cassandra Hatton, global head of science and popular culture at Sotheby’s.
NFT uses blockchain technology to bring disability, traceability and authentication to the digital world so that the media can be constantly copied.
The technical basis of the web was never patented, but it was made public for free by Cern, a particle physics laboratory in Switzerland, when Berners-Lee came up with the idea.
Hundreds of millions of dollars have been spent on digital collectibles this year, although activity has been lower since the March summit, along with broader ones. sell in cryptocurrencies and in a series of regulatory restrictions on bitcoin.
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