Sotheby's will auction World Wide Web source code as NFT

Sotheby's will auction World Wide Web source code as NFT

British computer scientist Tim Berners-Lee, who developed the original source code for the World Wide Web, is making the data part of a nonfungible token (NFT) through luxury auction house Sotheby’s.

According to a Tuesday announcement from Sotheby’s, the auction house will be putting up the World Wide Web NFT for bids starting on June 23. Bidding for the NFT, named “This Changed Everything” and containing time-stamped documentation of the code, will start at $1,000.

Our top trading bots

Sotheby's will auction World Wide Web source code as NFT
Preview of "This Changed Everything." Source: Sotheby's

First created in 1989 before there were web browsers, Amazon, or even shareable memes, the roughly 10,000 lines of code — written using Python — includes implementations of the HTML, HTTP and URI languages and protocols. The computer scientist has also included a letter explaining how he created the code and his signature.

“NFTs, be they artworks or a digital artefact like this, are the latest playful creations in [the realm of technological transformation], and the most appropriate means of ownership that exists,” said Berners-Lee. “They are the ideal way to package the origins behind the web.”

Berners-Lee never patented the WWW source code, choosing instead to make it free for all. Perhaps as a result, current estimates put the computer scientist’s net worth at roughly $10 million, rather than what could have potentially been in the trillions or quadrillions. According to Sotheby's, all the proceeds for the NFT sale will benefit initiatives that Berners-Lee and his wife support.

Related: Sotheby's auction sets new world record for $11.8M CryptoPunk sale

Sotheby’s is seemingly becoming more well known for high-profile NFT auctions. In March, the auction house announced it would be offering tokenized art by a creator known as Pak. Last week, its London salesroom sold a CryptoPunk for $11.8 million, reportedly a world record for the type of artwork.

Read on here Cointelegraph
Japanese government considers relaxing strict coin listing rules
The Japanese government is considering a proposal to make it easier for registered crypto exchanges to list digital assets in the local retail trading market.Sources...
Russian central bank registers nation’s first digital asset manager
The Bank of Russia has registered tokenization service Atomyze as the country’s first digital asset management company, the central bank officially announced...
Altcoin Roundup: 3 ways blockchain technology could further mainstream in 2022
2021 was a breakout year for the cryptocurrency sector and this year is expected to see an extension of the “mass adoption” trend.Public awareness of blockchain...
Ava Labs and EV maker Togg to build smart contract-based mobility services
Turkey’s electronic vehicle (EV) manufacturer Togg has announced a strategic partnership with Ava Labs to design and build smart contract-based services...
White paper introducing Jack Dorsey's decentralized Bitcoin exchange published on Friday
Jack Dorsey, co-founder, and CEO of both Square and Twitter, released a white paper Friday detailing plans for Square's decentralized Bitcoin (BTC) exchange...
Galaxy Digital partners with Alerian to launch eight crypto indexes
Galaxy Digital Holdings has teamed up with Alerian and S-Network Global indexes to launch eight crypto-focused blockchain indexes.According to an Aug. 24...
Infrastructure bill set for a vote by Sept. 27 with no changes to crypto tax provisions
The controversial $1 trillion infrastructure bill will see a vote in the U.S. House of Representatives without any amendments to the crypto tax provisions...
Here’s how much Musk and Saylor’s tweets influenced crypto prices in Q2
Elon Musk and Michael Saylor played a significant role in shaping crypto investor sentiment during the second quarter, underscoring just how nascent digital...
A Bitcoin indicator with a 'perfect' history just told you to buy the dip
MicroStrategy may be as smart as ever “buying the dip” in Bitcoin (BTC) as an indicator with a “perfect” history tells traders to buy.In a tweet on Tuesdsay,...
Remittance firms hesitant to support BTC despite legal tender law in El Salvador
Despite El Salvador’s recently passed law mandating Bitcoin as legal tender, local remittance firms are reportedly hesitant to adopt BTC.Speaking to Reuters,...
Turkish crypto exchange acknowledges 2018 breach with 500,000 users’ data stolen
Major Turkish crypto exchange BtcTurk came forward about a data breach from mid-2018 that leaked sensitive information of over 500,000 users. According...
Terrorists still raise money through crypto, but the impact is limited
We’re living today “amidst an explosion of risk related to fraud, money laundering, terrorist financing, and data privacy,” said United States Treasury...
Top 5 cryptocurrencies to watch this week: BTC, KLAY, VET, SOL, KSM
In trading, selling a position is as important as buying it at the right time. Therefore, the big question that could be troubling traders is whether or...
Australian government offers $6M in grants to innovative blockchain teams
The Australian government has opened applications for grants  up to $3 million each in funding to blockchain projects targeting supply chain tracking in...
Crypto Millionaires to Enjoy the Purchase of American Estate for Bitcoin
It could have seemed impossible a few years ago, but now, all those who once piled into Bitcoin will soon be able to purchase and vend property in California...