In a stand-alone auction on Wednesday, an NFT of the source code for the World Wide Web brought in $5.4 million.
Bidding opened at Sotheby's on May 23 at $1,000 and over the course of the sale, the NFT attracted a total of 51 bids.
An NFT, or non-fungible token, is a data unit stored on a blockchain that certifies a digital asset is unique and therefore able to be owned. NFTs can include photos, videos, audio files or other kinds of digital files.
Sir Tim Berners-Lee, the computer scientist who invented the World Wide Web, offered the item and proceeds from the sale will benefit initiatives that he and his wife, Lady Rosemary Berners-Lee, support.
“The process of bringing this NFT to auction has offered me the opportunity to look back in time to the moment I first sat down to write this code thirty years ago and reflect on how far the web has come since then and where it could go in the decades to come,” Sir Tim said.
“While the source code to the web itself is a digital artefact that has existed since 1990, it is not until the emergence of NFTs that something like this could ever have been harnessed for sale,” Oliver Barker, chairman of Sotheby's Europe, said.
“It has been such an exciting journey for Sotheby’s to play a role in this landmark moment from start to finish and to have opened a window into the astonishing world of Sir Tim Berners-Lee.”
The World Wide Web digital asset is composed of four elements: the original time-stamped files containing the source code written by Sir Tim; an animated visualisation of the code; a letter written by Sir Tim reflecting on the code and the process of creating it; and a digital “poster” of the full code created by Sir Tim from the original files using Python including a graphic of his physical signature — all digitally signed.
Muslim Council of Elders condemns terrorism on religious sites
The Muslim Council of Elders has strongly condemned the criminal attacks on religious sites in Britain.
It firmly rejected “acts of terrorism, which constitute a flagrant violation of the sanctity of houses of worship”.
“Attacking places of worship is a form of terrorism and extremism that threatens peace and stability within societies,” it said.
The council also warned against the rise of hate speech, racism, extremism and Islamophobia. It urged the international community to join efforts to promote tolerance and peaceful coexistence.
Paris Can Wait
Dir: Eleanor Coppola
Starring: Alec Baldwin, Diane Lane, Arnaud Viard
Two stars
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
Power: 464hp at 5,200rpm
Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
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On sale: Now
Price: From Dh590,000
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
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*Annual tuition fees covering the 2024/2025 academic year