Bids soar to $2.8 million for World Wide Web code NFT


FILE PHOTO: World Wide Web founder Tim Berners-Lee poses for a photograph following a speech at the Mozilla Festival 2018 in London, Britain October 27, 2018. REUTERS/Simon Dawson

LONDON (Reuters) - Bids for a non-fungible token of the original source code for the World Wide Web written by inventor Tim Berners-Lee have soared to $2.8 million from an opening price of $1,000 with two days to go until the Sotheby's auction ends.

Berners-Lee, a London-born computer scientist, invented the World Wide Web in 1989, revolutionizing the sharing and creation of information in what is seen as one of the most significant inventions since the printing press appeared in Europe in 15th Century Germany.

The digitally signed Ethereum blockchain non-fungible token (NFT), a digital asset which records ownership, includes the original source code, an animated visualization, a letter written by Berners-Lee and a digital poster of the full code from the original files.

The auction ends at 1801 GMT on Wednesday.

NFTs have exploded in popularity in recent months.

The most expensive NFT known sale to date was in March 2021, when a digital collage by the American artist Mike Winkelmann, also known as Beeple, sold for $69.3 million at Christie’s.

It was the first ever sale by a major auction house of a piece of art that does not exist in physical form.

Since then, no NFT sale is known to have come close to this amount. In June, a single “CryptoPunk” NFT – a pixelated image of a cartoon face – fetched $11.8 million at Sotheby’s.

(Reporting by Guy Faulconbridge and Elizabeth Howcroft; Editing by Angus MacSwan)

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

   

Next In Tech News

Yellen stressed importance of withdrawing digital services taxes in call with UK
Restaurant-software maker Toast valued at nearly $33 billion as shares surge in debut
Apple bars Epic's 'Fortnite' from App Store until all court appeals end
Salesforce rival Freshworks valued at over $12 billion in debut
Facebook warns it is 'underreporting' iOS ad results amid Apple privacy changes
Can you 'own' a goal? Collectible NFTs rolling into elite soccer
Robinhood to begin testing crypto wallets, with broader launch in early 2022
Bill Gates' green tech fund bets on Silicon Valley farming robots
Ford, Redwood form 'circular' supply chain for EV battery materials
Electric Last Mile secures 1,000 units order for urban delivery van

Stories You'll Enjoy


Vouchers