World Wide Web Source Code now available for sale as NFT

NFTs or Non-Fungible tokens are modernised digital assets that enable artists to maximize their paintings monetary value by converting their paintings in the form of digital art. NFT got the world’s attention multiple times whether Jack Dorsey’s sold at $2.9 billion or the nft of a fluffy pink cat kim kardashian that was sold in billions.

 

NFTs are the new hype in the cryptocurrency surge. Tim Berners- Lee the famous computer scientist and the creator of world wide web has decided to auction the original source code of world wide web in the form of a non-fungible token. 

 

The auction of the world wide web’s nft will take place in London. The auction will start from June 23 and will end on June 30. The auction will be run and managed by Sotheby's, an American multinational corporation that is the world's largest broker of decorative arts, jewellery and collectibles. The bidding will start from $1,000.

 

The money proceeds from the NFT auction will go to Tim Berners-Lee and his wife. This auction will be titled as “this changed everything” as the world wide web was the major invention that transitioned everyone’s life. This is the first time Tim Berners-Lee has decided to gain monetary benefit from his invention. 

 

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The source code’s NFT will include original time stamped file that will contain world wide web’s  source code (written by Berners-Lee), an animated visualization of the source code, followed by a letter written by Berners-Lee and a digital poster of the entire code. Everything will be digitally signed by Tim Berners- Lee.

 

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

 

Looks like no one wants to be left behind in the crypto and NFT race. Beeple sold his digital artwork Everydays for a whopping $69.3 million. The rare cryptopunk was sold at $7.58 million. Crossroads, Axie Infinity Genesis land and Metarift are some NFTs that were sold in millions.

 

Non-Fungible Token is owned by the person who has purchased the NFT token. NFTs are stored on blockchain.They can be a combination of photos, videos, audios or digital arts. NFTs can be collected and sold. They cannot be copied in any form.