Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Sir Timothy John Berners-Lee, the English computer scientist who is well known for inventing the world wide web has sold a non-fungible token (NFT) in an online auction hosted by the auction house Sotheby’s. The NFT is basically a video of the World Wide Web’s source code created in Python and the collectible sold for $5.4 million.
Tim Berners-Lee and Sotheby’s Auction NFT for $5.4 Million
This week, Sotheby’s revealed that Tim Berners-Lee sold an NFT of the original source code for the world wide web for a whopping $5.4 million. Before the NFT auction, Berners-Lee told the publication the Guardian: “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. 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.”
Berners-Lee invented the web in 1989 and before the NFT sale he said “The core codes and protocols on the web are royalty-free, just as they always have been.” A representative from Sotheby’s said the non-fungible token collectible art auction was historical and the fact that Berners-Lee verified the NFT makes it even more valuable.
“The symbolism, the history, the fact that they’re coming from the creator is what makes them valuable, and there are lots of people who collect things for exactly those reasons,” Cassandra Hatton, the global head of science and popular culture at Sotheby’s explained in a statement. “We have placed it in a public forum, we have sold it at basically no reserve and we let the market decide what the value is going to be. There have been multiple bidders who have all agreed that it’s valuable.”
Berners-Lee is well respected for his contribution to today’s online advances and in 2018 he announced a project aimed at decentralizing the web. “For all the good we’ve achieved,” Berners-Lee said at the time. “The web has evolved into an engine of inequity and division; swayed by powerful forces who use it for their own agendas,” he added. The inventor of the web had also reported on bitcoin on various occasions during the crypto asset’s earliest years.
Coding Error Spotted – Researcher Says There Have Already Been Discussions of a Misprint Error
Following the Berners-Lee NFT sale, a coding error was spotted in the NFT video that sold for £3.9 million ($5.4 million). The researcher that spotted the error in the video told BBC News it looked like “a simple mistake.” Mikko Hypponen explains that certain symbols were translated into HyperText Markup Language (HTML) and he believes it was an error.
“There have already been discussions about whether this would make the NFT more valuable – like a postage stamp with a misprint error,” Hypponen said.
Moreover, website creator Mark O’Neill told the BBC that “whoever made the video for the website ran the original text file through something that converted it into HTML. It’s embarrassing for Sotheby’s but I trust that nobody has done the same to the original code,” O’Neill added.
The BBC’s report notes that the newsdesk had reached out to Sotheby’s and Tim Berners-Lee for comment.
What do you think about Tim Berners-Lee selling an NFT for $5.4 million with an error? Let us know what you think about this subject in the comments section below.
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.