The original code and the journey behind the invention of the World Wide Web by Sir Tim Berners-Lee are hitting the auction market as NFT.
Sir Tim John Berners-Lee, credited as the world Wide WebIts creator is auctioning the source code of the first hypermedia web browser as NFT. In recent months, the internet has been full of the NFT craze, with artists raising millions of dollars for an authentic digital copy of their creation hosted on a blockchain, the technology that forms the backbone of the cryptocurrency world. .
NFT, which stands for Non-Fungible Token, is a concept that is not particularly easy to digest. For example, Twitter founder and CEO Jack Dorsey recently sold a Tweet as NFT for $ 2.9 million. That Tweet is still available on Twitter, available on websites as embedded and as screenshots, leading to the question of how a person who paid roughly three million dollars owns it. Simply put, an NFT is the original copy of a digital work whose ownership is authenticated by a single blockchain entry. Take, for example, the Mona Lisa: you can buy a printed replica for a few dollars, but the original hangs in the Louvre museum and is owned by France. Similarly, a digital asset sold as an NFT can be infinitely reproduced, but there is only one original NFT of that digital asset and a corresponding owner. It can be anything from the world’s first movie score and soundtrack to a classic video game.
Part of the original source code from the World Wide Web will be released as NFT, with the renowned auction house Sotheby’s behind the sale. This historical NFT includes the original time-stamped files of the source code written by Berners-Lee, an animated display of 9,555 lines of code lasting approximately 30 minutes, a letter written by Berners-Lee in the README.md file documenting the journey how he wrote the code and a digital SVG poster of the original code with a graphic representation of Berners-Lee’s physical signature.
An NFT documenting the creation of the modern Internet
The NFT package also includes the original HTML documents intended to guide users on how to use the first web browser, as well as implementations of HTML (Hypertext Markup Language), HTTP (Hypertext Transfer Protocol), and URI (Uniform Identifiers). resources), all of which were invented by Berbers-Lee. The NFT in question is of particular value and importance as it documents the creation of what would later become the modern Internet as it is now known. Berners-Lee made the groundbreaking invention available free of charge, without charging any patents or royalties for it. This very decision ensured that the Internet evolved at a rapid rate and into its current form. More importantly, the open source nature of the Internet in its nascent stage allowed anyone to create a website or browser and access a whole universe of information, eventually leading to what is now known as the Information Age.
The bidding for the NFT begins on June 23 and will continue until June 30, with the base value set at $ 1,000. Sotheby’s says the proceeds from the auction will go to initiatives supported by Berners-Lee. In a world where a Kevin Smith movie is sold as NFT, the origin of what evolved into the modern Internet embracing the NFT trend is a major milestone. Of course, there is also the flip side to the rise of NFT and its negative environmental impact, mainly because it is intrinsically associated with cryptocurrencies that are known for their massive consumption of energy.
Next: What is a non-fungible token and how do NFTs work?
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