WWW-NFT auctioned for 5.4 million

Related

Lyfe, the first music artist to debut its own Metaverse

Miami-based entrepreneur Antonio Trincao, a.k.a. Lyfe, has unveiled the...

Inaugural ZENCON a resounding success

Over 200 participants and attendees of the 68-Hour-Hackathon produced...

‘Baby Shark BubbleFong Friends’ NFTs made a splash on Binance NFT

BBF Inc., the operator of ‘Baby Shark BubbleFong Friends’,...

Share

A non-fungible token (NFT), which is the original source code for the World Wide Web, was sold at an auction of the well-known luxury auction house Sotheby’s for $ 5.4 million.

An NFT of the original source code for the World Wide Web (WWW) was sold by auction house Sotheby’s for $ 5.4 million. The auction started on June 23rd and lasted for one week. Bids for the NFT started at $ 1000 and continued to rise throughout the week.

Under the agreement, proceeds from the sale will go to initiatives supported by WWW creator Tim Berners-Lee and his wife. In a statement, Berners-Lee said: “The process of auctioning this NFTs has given me the opportunity to look back at the moment when I sat down to write this code thirty years ago and think about how far the web has come since then and in what direction it could evolve in the coming decades.“

NFTs have prevailed in various fields, but especially in sports and entertainment. These are unique digital collectibles that represent digital files such as audio and video. The WWW – NFT stands for a code developed thirty years ago by the British computer scientist Tim Berners-Lee.

According to the NFT, the files contain over 9000 lines of code. It also includes the three programming languages and a protocol that Berners-Lee invented, namely HTML (Hypertext Markup Language), HTTP (Hypertext Transfer Protocol), and URLs (Uniform Resource Identifiers).

Sotheby’s is no stranger to the world of NFTs. The WWW-NFT is already the third one that the auction house sells on behalf of its customers. In April, the luxury auction house auctioned its first NFT and a rare CryptoPunk NFT for around $ 12 million, one of the most expensive CryptoPunks to date. The auction house now accepts BTC and ETH for its physical artworks.