Inventor of the World Wide Web is auctioning its original source code as an NFT
In particular, the NFT that Berners-Lee will be selling consists of four parts according to Sotheby’s: “original time-stamped files containing the source code written by Sir Tim; an animated visualization of the code; a letter written by Sir Tim reflecting on the code and the process of creating it; as well as a digital ‘poster’ of the full code created by Sir Tim from the original files using Python including a graphic of his physical signature.”
Berners-Lee never patented his inventions of the world wide web and the first browser, releasing the source code for free instead. Together with his wife Rosemary Leith, Berners-Lee sits on the board of the World Wide Web Consortium, which they co-founded in 2009 to advance the open web as a public good and a basic right.
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NFTs are much bigger than an art fad – here’s how they could change the world
NFTs create opportunities for new business models that didn’t exist before. Artists can attach stipulations to an NFT that ensures they get some of the proceeds every time it gets resold, meaning they benefit if their work increases in value. Admittedly football teams have been using similar contractual clauses when selling on players for a while, but NFTs remove the need to track an asset’s progress and enforce such entitlements on each sale.
But beyond these fields, the potential of NFTs goes much further because they completely change the rules of ownership. Transactions in which ownership of something changes hands have usually depended on layers of middlemen to establish trust in the transaction, exchange contracts and ensure that money changes hands.
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