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Thread: World Wide Web source code NFT sold at auction for $5.4m

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    World Wide Web source code NFT sold at auction for $5.4m

    Inventor Tim Berners-Lee and his wife will distribute the funds to charitable causes.
    Read more.

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    HEXUS.Squirrel Output's Avatar
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    Re: World Wide Web source code NFT sold at auction for $5.4m

    While I think the NFT fad is dumb, particularly as it doesn't actually give any ownership over anything in most cases (and is gone once the links die too), at least some charities will benefit from this.

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    Re: World Wide Web source code NFT sold at auction for $5.4m

    Quote Originally Posted by Output View Post
    While I think the NFT fad is dumb, particularly as it doesn't actually give any ownership over anything in most cases (and is gone once the links die too), at least some charities will benefit from this.
    I'm still trying to get my head around Fungible being an actual legitimate word let alone it being used in such a ridiculous term

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    cheesemp (01-07-2021)

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    Re: World Wide Web source code NFT sold at auction for $5.4m

    Quote Originally Posted by blokeinkent View Post
    I'm still trying to get my head around Fungible being an actual legitimate word let alone it being used in such a ridiculous term
    Fungible is a useful word in general. Sadly one I usually see in terms of poor management.

    If I interview in a company and find they have fungible engineers, where people are assigned to work on the assumption that all engineers are the same and completely interchangeable, I don't take the job. Huge quality no-no.

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    Re: World Wide Web source code NFT sold at auction for $5.4m

    https://www.bbc.co.uk/news/technology-57680753

    Apparently there was a bit of a mistake, as < and > were converted into their HTML entities for the video.

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    Re: World Wide Web source code NFT sold at auction for $5.4m

    Quote Originally Posted by Output View Post
    https://www.bbc.co.uk/news/technology-57680753

    Apparently there was a bit of a mistake, as < and > were converted into their HTML entities for the video.
    I guess they thought it was still parserble. OK, ok, it's been a long day. I apologise

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    Output (01-07-2021)

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    Re: World Wide Web source code NFT sold at auction for $5.4m

    NFT's will become more interesting if they ever get used to legitimise ownership of actual property such as homes, or even to authenticate luxury goods such as clothes and jewellery as to combat counterfeit copies.

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    Re: World Wide Web source code NFT sold at auction for $5.4m

    It doesnt stop copies though, its just an ownership thing right?

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    Re: World Wide Web source code NFT sold at auction for $5.4m

    Quote Originally Posted by [GSV]Trig View Post
    It doesnt stop copies though, its just an ownership thing right?
    Yep, it's a bit of data on the computer that says "X owns this thing"

    Quote Originally Posted by EvilCycle View Post
    NFT's will become more interesting if they ever get used to legitimise ownership of actual property such as homes, or even to authenticate luxury goods such as clothes and jewellery as to combat counterfeit copies.
    It could do that, but who's asking for decentralised title deeds? Rolex or whoever could just set up their own list of genuine watches, you don't need blockchain for this

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    Re: World Wide Web source code NFT sold at auction for $5.4m

    Quote Originally Posted by Xlucine View Post
    Yep, it's a bit of data on the computer that says "X owns this thing"
    From what I understand, it's even less than that. In most cases it's more like "X owns this particular digital copy of this thing", thus making it all the more ridiculous as to why anyone would pay for something that doesn't give any real ownership.

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    Re: World Wide Web source code NFT sold at auction for $5.4m

    NFTs sound like a good way for money launderers to get rid of their funds!

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