02/07/2021 NFT of World Wide Web source code sold at auction for $5.4M

An NFT representing the source code for the Internet as we know it were sold at auction Wednesday evening as a nonfungible token, or NFT, for $5.4 million, becoming the latest digital collectible to fetch a multi-million dollar price. 

The NFT, called “This Changed Everything,” was sold in a Sotheby’s auction by Sir Tim Berners-Lee, who invented the World Wide Web application in 1989.

In addition to the nearly 10,000 lines of code that made up the backbone of the internet, the NFT also includes a recent personal letter by the computer scientist reflecting on his process, as well as an animated video and digital poster representing the code. 

The code includes languages and protocols such as “HTML” and “HTTP,” that allow sites to be displayed in a web browser.

Tim Berners-Lee in front of a computer.
Tim Berners-Lee invented the World Wide Web application in 1989.
Elise Amendola/AP

The winning bidder remains unknown. 

The proceeds from the sale will go toward charities that Berners-Lee and his wife support, Sotheby’s said.

“While the source code to the web itself is a digital artefact that has existed since 1990, it is not until the emergence of NFTs that something like this could ever have been harnessed for sale,” Oliver Barker, Chairman of Sotheby’s Europe, said in a statement.

Berners-Lee defended the sale from critics who may claim that selling a multimillion-dollar NFT does not align with the original “free and open” spirit of the internet in an interview last week with the Guardian

“The questions I’ve got, they said: ‘Oh, that doesn’t sound like the free and open web,’” said Berners-Lee. “Well, wait a minute, the web is just as free and just as open as it always was, the core codes and protocols on the web are royalty free, just as they always have been. I’m not selling the web – you won’t have to start paying money to follow links.” 

“I’m not even selling the source code,” he added. “I’m selling a picture that I made, with a Python program that I wrote myself, of what the source code would look like if it was stuck on the wall and signed by me.” 

World Wide Web founder Tim Berners-Lee
Tim Berners-Lee defended the sale from critics who may claim that selling a multimillion-dollar NFT does not align with the original “free and open” spirit of the internet.
Simon Dawson/REUTERS

NFTs are digital assets that represent ownership of virtual items — such as a video clip of Lebron James dunking a basketball — and act as a certificate of authenticity. Ownership of NFTs are recorded on a blockchain network, which supports cryptocurrencies such as bitcoin and ether.

The pieces of digital art have fetched eye-popping prices at auctions this year. The movement has caught so much attention that major, centuries-old auction houses like Sotheby’s and Christie’s have now sold NFTs.

While the market for NFTs appears to have dropped off since it peaked earlier this year, the latest sale at Sotheby’s shows that the market remains strong.

Arts

https://nypost.com/2021/07/01/nft-of-world-wide-web-source-code-sold-at-auction-for-5-4m/

Interesting NFTs
No Future #9/15
None
Poem by Motoyoshi Shinno, from the series One Hundred Poems by One Hundred Poets, Explained by the Nurse
Katsushika Hokusai (1760-1849) Poem by Motoyoshi Shinno, from the series One Hundred Poems by One Hundred Poets, Explained by the Nurse late 1830s - Japan
❄️SnowFlake❄️New!
Ugh! I'm ❄️SnowFlake❄️New!. I've never told anyone this, but I once kissed a dog. I put marmalade on everything. Like, everything: hot dogs, cereal—everything! Let's get busy!
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José Delbo sent me his striking pencil sketch and powerful inked work, which I then interpreted in oil on canvas. I wanted to create a very painterly piece with obvious brush marks etc, but I was also aiming for a nostalgic feel, a kind of 1980’s superhero comic book look, the kind I grew up with. My goal with this animation was to try to recreate, in part, the creative process that both artists went through with the visual information I had. I was able to showcase my painting process more accurately as I could take photographs of my progress throughout. Consecutive images could then be layered like brush strokes over José’s drawing to create the impression that this was one continuous artwork from pencil, to ink, to completed painting. The representation of the line sketch at the beginning, then pencil/ink and lastly the paint layers being applied demonstrate both artists’ struggle for the right lines, tone, form, and colour until the work is finally completed. As the oil was still wet with each photograph the glare of my studio lights can be seen in the brush strokes. Eventually, the figure emerges and as it does, our hero comes to life, looking directly at the viewer -- but is he grimacing in approval or disgust? We will never know for sure as just before he can say anything, white paint is brushed across the canvas entirely and the process begins again. Only the bat is quick enough to escape.
Dreaming at Dusk
More than 15 years ago, Tor onion services were brought to digital life. An ecosystem of onions has been blooming ever since. To commemorate this landmark in the history of privacy, we collaborated with @ixshells to create a one-of-a-kind digital artifact: a generative art piece derived using the private key of the very first onion service, duskgytldkxiuqc6.onion. This auction benefits the Tor Project, the nonprofit protecting your human right to privacy. 1020*1280 / 60fps / .mp4 / RSA1024