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How to buy the World Wide Web for just $1000

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WWW creator says he’ll auction the World Wide Web source code as a NFT, starting at $1000

The creator of the World Wide Web Sir Tim Berners-Lee announced he’ll auction the original World Wide Web source code as an NFT.

Sotheby will be hosting the action titled “This Changed Everything” between June 23 and 30 in a standalone online auction.

“Three decades ago, I created something which has been a powerful tool for humanity,” said Sir Tim.

“For me, the best bit about the web has been the spirit of collaboration.”

Sir Tim Berners-Lee

What will the NFT purchase include?

The NFT will include the time-stamped files containing the source code written by Sir Tim.

The WWW auction package will also include an animated visualisation of the code, a personal letter from the creator and a digital “poster” of the full code. Sir Tim will also digitally sign all parts of the NFT.

The full code amounts to nearly 10,000 lines of HTML, HTTP and URI in total, The code also includes the original HTML instructions for early web users.

“I sincerely hope its use knowledge and potential will remain open and available to us all to continue to innovate, create and initiate the next technological transformation, that we cannot yet imagine,” said Sir Tim.

“They are the ideal way to package the origins behind the web.”

Sir Tim Berners-Lee

What are NFTs?

NFT stands for “non-fungible token”. Each NFT is entirely unique, and cannot be replaced. Most NFTs form part of the Ethereum blockchain.

Sir Tim says NFTs are the web’s “latest playful creation” and the most “appropriate means of digital ownership that exists.”

“Why an NFT? Well, it’s a natural thing to do as when you’re a computer scientist and when you
write code and have been for many years. It feels right to digitally sign my autograph on a
completely digital artefact,” he added.

What is an NFT? - MintLife Blog

History of the World Wide Web

The “WorldWideWeb” application was the first hypermedia browser. It allowed users to create and
navigate links between files across a network of computers.

Three decades later, that single server and website has turned into over 1.7 billion websites being accessed by 4.6 billion people around the world.

Infographic

A mission to “re-decentralise” the web

Today, Sir Tim is working on a project called Solid, which aims to bring the web ‘closer to his original vision’ when things were completely open and without centralisation.

Sir Tim says the movement to “redecentralise” the web is gaining traction.

He hopes that the movement will empower users with ownership of their own data.

Natasha is an Associate Producer at ticker NEWS with a Bachelor of arts from Monash University. She has previously worked at Sky News Australia and Monash University as an Online Content Producer.

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Crypto

FTX demands U.S. politicians return campaign contributions

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Crypto exchange FTX is asking politicians to return the tens of millions of dollars in campaign contributions, given by Sam Bankman-Fried, before the company’s implosion in November

The company is sending confidential letters to political beneficiaries, asking for the money to be returned by the end of the month.

If they don’t, the company reserves the right to seek repayments through court action.

The donations are estimated to be as much as $93 million.

They were made to politicians and political causes across the political spectrum and one in three members of the current U.S. congress allegedly received contributions from Bankman-Fried’s orbit.

Some beneficiaries have tried to cancel out the scandal by making equivalent donations to charities, but FTX Debtors warn that this does not prevent them from seeking recovery.

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Business

A British digital currency “later this decade”

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The Bank of England and Britain’s finance ministry think the UK is likely to need to create a central bank digital currency later this decade.

“On the basis of our work to date, the Bank of England and HM Treasury judge that it is likely a digital pound will be needed in the future,” the Telegraph quoted BoE Governor Andrew Bailey and finance minister Jeremy Hunt as saying in the joint report.

“It is too early to commit to build the infrastructure for one, but we are convinced that further preparatory work is justified,” the Telegraph quoted the report saying.

The BoE declined to comment on the Telegraph article, but said a joint consultation on CBDC issues would be published shortly.

A government source said the report would be published next week.

BoE Deputy Governor Jon Cunliffe is due to give a speech on Tuesday to update the finance industry on the BoE’s CBDC work.

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Crypto

Sam Bankman-Fried attempting to resolve bail conditions dispute

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Sam Bankman-Fried is in talks with U.S. prosecutors to resolve a dispute over his bail conditions

The 30-year-old former billionaire has been blocked from contacting employees of FTX or his Alameda Research hedge fund, after prosecutors raised concerns he may tamper with witnesses.

Bankman-Fried has pleaded not guilty and is under house arrest at his parents’ California home.

Once worth an estimated $26 billion, Bankman-Fried was arrested in December after FTX collapsed.

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