Sir Timothy John Berners-Lee, a British computer scientist known for inventing the World Wide Web, sold an irreplaceable token in an online auction held by Sotheby’s Auction House ( NFT). NFT is basically a video of World Wide Web source code created in Python, and the collection 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 had sold the NFT of the original source code of the World Wide Web for up to 5.4 million US dollars. Before the NFT auction, Berners-Lee told the Guardian publication: “I’m not selling the Internet—you don’t have to start paying to follow links. I don’t even sell the source code. I’m selling a copy for my use. A picture made by a Python program written by myself, showing what it would look like if the source code were posted on the wall and signed by me.”
Berners-Lee invented the network in 1989. Before the NFT was sold, he said that “the core code and protocols on the network are royalty-free, just as usual.” A representative of Sotheby’s said that tokens are irreplaceable. Collectible art auctions are historical, and Berners-Lee verified the fact that NFT makes it more valuable.
“Symbolism, history, and the fact that they came from their creators make them valuable, and many people collect things for these reasons,” Cassandra Hatton, Global Head of Science and Popular Culture, Sotheby’s This is explained in the statement. “We put it on a public forum, we basically sell it without reservation, and we let the market determine its value. There are multiple bidders who agree that it is valuable.”
Berners-Lee is well-respected for its contribution to today’s online progress, and in 2018 announced a project aimed at decentralizing the network. “For all the benefits we got,” Berners-Lee said at the time. “The Internet has evolved into an engine of inequality and division; controlled by powerful forces, they use it for their agenda,” he added. In the first few years of encrypted assets, the inventor of the Internet also reported on Bitcoin on various occasions.
Encoding errors found-researchers say typographical errors have been discussed
After the sale of Berners-Lee NFT, an encoding error was discovered in the NFT video sold for 3.9 million pounds ($5.4 million). The researcher who found the error in the video told BBC News that it looked like “a simple error.” Mikko Hypponen explained that certain symbols were translated into Hypertext Markup Language (HTML), which he believed was a mistake.
“There has been discussion about whether this will make NFT more valuable — it’s like a misprinted stamp,” Hypponen said.
In addition, the creator of the website, Mark O’Neill, told the BBC, “The person who makes the video for the website runs the original text file by converting the original text file into HTML. This embarrassed Sotheby’s, but I believe no one has done anything to the original code. Through the same thing,” O’Neill added.
The BBC report stated that the news station has contacted Sotheby’s and Tim Berners Lee for comments.
What do you think about Tim Berners-Lee’s mistake when he sold NFT for $5.4 million? Please tell us your thoughts on this topic in the comments section below.
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BBC, HTML, Mark O’Neill, Mikko Hypponen, Misprint, nft, NFT auction, NFT auction Sotheby’s, NFT auction, non-fungible art, non-fungible token, researcher, Sotheby’s auction, Tim Berners Lee, the Internet, the World Wide Web Web, the inventor of the World Wide Web, the inventor of www, the WWW
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