Tim Berners-Lee’s World Wide Web NFT fetches $5.4 million at Sotheby’s

World Wide Web Inventor Tim Berners-Lee sold off his original supply code for the Internet world at Southby’s as an on the web NFT (non-fungible block-chain-based token.) NFT is a type of crypto asset which auctions crypto or digital assets.

The supply code written decades back was place for auction only not too long ago. The World Wide Web was the technique for navigating and accessing the data on the online.

The bidding for World Wide Web began at 1,000 USD on June 23 and went on for seven days. The NFT will be composed of 4 components, animated visualisation of the code by Berner-Lee, an original time-stamped file with the supply code, a digital poster of the complete code from the original files making use of Python, a letter written by Sir Tim reflecting on the code and approach of developing it, all these components digitally signed.

Berner Lee opens the letter as “ As people seemed to appreciate autographed versions of books, now we have NFT technology, I thought it could be fun to make an autographed copy of the original code of the first web browser.”

World Wide Web has not been sold actually although. What was sold was a blockchain-based record of the ownership. The final value at which it was sold was $5,434,500. Half of the bidders for this auction a Southby attended it for the initially time. According to  Cassandra Hatton, international head of science and preferred culture at Sotheby’s, the symbolism, the history behind the NFT tends to make it so precious.

The original supply code has 9,555 lines inside the file referenced by the NFT and offers with the approach of implementing the 3 languages, HTML, HTTP, and URIs and protocols initially written by Sir Berner-Lee.

Earlier Twitter founder Jack Dorsey initially tweet was sold as an NFT for $2.9million and American artist Beeple fetched $69.3 million at Christie’s generating auction of block-chain-based assets a hot trend of the year.

Originally appeared on: TheSpuzz