The World Wide Web sells for $5.4 million
The World Wide Web sells for $5.4 million.
The source code for an early version of the World Wide Web has been embraced by the founder of Twitter, this National Basketball Association, and one writer that produced a flying cat with a Pop-Tart body. NFTs, the hot collectable espoused by each founder of Twitter, the National Basketball Association, and the artist he built a flying cat with a Pop-Tart body, has cast its reach back to the beginning of the digital age.
Sotheby’s auctioned off Tim Berners-code Lee’s in the form of a nonfungible token, or NFT, for $5.4 million-plus fees on Wednesday. Sotheby’s said that it would take cryptocurrency for both the hammer price and the buyer fee.
Bidders had a week to select their most excellent price in the auction, titled “This Changed Everything,” which started at $1,000. According to Sotheby’s website, the NFT drew 51 bids, with the revenues going to undisclosed Berners-Lee-supported initiatives. Unlike some NFTs, the offering failed to elicit a frenzy of last-minute interest; the winning bid was placed just under 10 minutes before the auction ended.
The original time-stamped folders holding the source code, an animated depiction of the code, a letter written by Berners-Lee reflecting on the code and the method of making it, and a digital poster of these full codes from the original files were among the items up for sale.
However, with their powerful worldwide marketing operations, the top-end traditional auction houses continue to set one-off benchmarks for NFTs. Sotheby’s sold a rare “alien” CryptoPunk for a record $11.8 million in June when the speciality marketplace for “nifties” was still purportedly in the doldrums. It was the second-highest price ever attained for an individual NFT.
However, Norman, the book trader, doubted that the Berners-Lee NFT would result in a rise in demand for nonfungible computer code.