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Tim Berners-Lee sells the web source code

by on01 July 2021


He doesn’t need the web anymore

Sir Tim Berners-Lee has hit the headlines by flogging off the World Wide Web source code at Sotheby’s.

Sir Tim managed to score $5.4 million for the code, which given how much of it powers the internet seems a little cheap.

The source code was sold in the form of a non-fungible token (NFT) - a kind of crypto asset which records ownership of digital items.

The NFT was created by the English scientist Berners-Lee in 2021 and represents ownership of various digital items from when he invented the World Wide Web in 1989.

Sir Tim pointed out that what was sold was a blockchain-based record of ownership of files containing the original source code for the World Wide Web. The final price was $5,434,500 and half of the bidders were new to Sotheby’s.

The NFT is considered valuable by some because blockchain authenticates that it is one of a kind and has been officially created, or ‘minted’, by Berners-Lee himself.

Cassandra Hatton, global head of science and popular culture at Sotheby’s said: “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.”

“We have placed it in a public forum, we have sold it at basically no reserve (the bidding started at $1,000) 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.”

Included in the purchase are NFTs representing around 9,555 lines of code written in 1990-1991, a 30-minute animated visualisation of the code, a digital poster of the code, and a digital letter written by Berners-Lee in June 2021, reflecting on his invention.

The letter begins: “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.”

Last modified on 01 July 2021
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