In what happens to be an interesting proposition, the Sotheby auction house will be listing for sale the source code of the World Wide Web as a Non-Fungible Token (NFT). The 65-year-old computer genius Tim Berners-Lee, who developed the programming code has affirmed his intention to tokenize the code. It is reported that the sale would commence on the 23rd of June.
The development was announced on Tuesday by the auction house and the bidding range would begin from $1000. The luxury auction house will be hosting the sale of the tokenized item that is named “This Changed Everything”. It also contains the time stamp documentation of the code.
The World Wide Web was created in 1989 by Tim Berners-Lee. Popularly abbreviated as WWW, it leveraged the Internet before the creation of conventional Web browsers. The code written in Python contains over 10,000 lines of code. Programs in HTML, HTTP, and URI languages and protocols were implemented. Berners said that he would also include a letter that would explain the process by which he created the code and his signature.
Tim Berners-Lee Appreciates NFTs
Berners in a statement considers NFTs as the most appropriate means of declaring ownership. Mentioning artworks or digital artifacts, he described NFTs as the “latest playful creations in [the realm of technological transformation]”. He further opined that they are the only way to package the origins of an item behind the web.
Contrary to what several developers might do, Berners did not patent the source code of the World Wide Web. He chose to make it free for all. The scientist could have made a generational fortune if he had done otherwise, this explains the reason for the estimation of his net worth at $10 million.
Sotheby said that the proceeds realized from the sale would encourage the initiatives that Berners and his wife support. The auction house has developed high reputations, receiving payments in Bitcoin and Ethereum for its massive sales. Recently its salesroom in London sold a cryptopunk for over $11.8 million.