HomeinetThe internet source code is being auctioned off as NFT

The internet source code is being auctioned off as NFT

The web source code (www - web) is auctioned by Tim Berners-Lee, British inventor involved in computer science, as a non-fungible token.

NFT code

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NFTs are a type of digital asset designed to show that someone owns a virtual object, such as images and videos on the Internet or even sports cards.

The World Wide Web NFT AuctionThis Changed Everything", Will be conducted by Sotheby's in London from June 23 to 30, with offers starting at $ 1.000. Proceeds from the auction will benefit from initiatives supported by Berners-Lee and his wife, Sotheby's said.

The NFT includes original timed files containing the Internet source code, written by Berners-Lee himself, an animation of the code, a letter written by Berners-Lee about the code and its creation, and a digital "poster" of the full code. Everything will be digitally signed by Berners-Lee.

It will be the first time that Berners-Lee has managed to economically exploit what is widely regarded as one of the greatest inventions of our time.

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NFT code

«Three decades ago, I created something (internet source code) which, with the subsequent help of a huge number of partners around the world, has been a powerful tool for humanity.Said Berners-Lee. «For me, the best part in Internet was the spirit of cooperation. Although I do not make predictions for the future, I sincerely hope that its use, knowledge and capabilities will remain open and available to all of us, so that we can continue to innovate, create and start the next technological transformation, which we cannot yet to imagine.»

Η Cassandra Hatton, global head of science and popular culture for Sotheby's, said the "NFT format" would allow collectors to "possess the ultimate digitally created artwork».

In March, South Carolina-based graphic designer Beeple, whose real name is Mike Winkelmann, sold an NFT for a record $ 69 million at auction. Jack Dorsey, CEO Twitter, sold its first tweet as NFT for $ 2,9 million later that month.

See also: Why is Twitter shutting down the verification request process?

More recently, a rare digital image known as cryptopunk sold at Sotheby's for over $ 11,7 million on Thursday. Total NFT (Internet Source Code) sales reached a staggering $ 2 billion in the first quarter of this year, according to Nonfungible, a market-tracking website.

However, there are indications that this trend may soon be reversed, with sales of digital collectibles declining dramatically in recent weeks. Total sales fell from $ 176 million on May 9 to just $ 8,7 million on June 15, according to Nonfungible figures.

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