{"id":275348,"date":"2021-06-15T20:57:35","date_gmt":"2021-06-15T17:57:35","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/webs-daddy-jumps-aboard-nft-hype-train-but-is-he-already-too-late\/"},"modified":"2021-06-15T20:57:35","modified_gmt":"2021-06-15T17:57:35","slug":"webs-daddy-jumps-aboard-nft-hype-train-but-is-he-already-too-late","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/webs-daddy-jumps-aboard-nft-hype-train-but-is-he-already-too-late\/","title":{"rendered":"#Web\u2019s daddy jumps aboard NFT hype train \u2014 but is he already too late?"},"content":{"rendered":"<p>&#8220;<strong>#Web\u2019s daddy jumps aboard NFT hype train \u2014 but is he already too late?<\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/img-cdn.tnwcdn.com\/image?fit=796%2C417&amp;url=https%3A%2F%2Fcdn0.tnwcdn.com%2Fwp-content%2Fblogs.dir%2F1%2Ffiles%2F2021%2F06%2FUntitled-design-2-3.jpg&amp;signature=6f58e07e0fadd59dd4d429752a31cb1e\" \/><\/p>\n<div>The NFT bandwagon attracts a curious mix of passengers, from celebrity robots to\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/markets.businessinsider.com\/currencies\/news\/joe-exotic-netflix-tiger-king-releasing-nft-collection-from-prison-2021-6-1030523335\">convicted animal abusers<\/a>.<\/p>\n<p>The latest luminary to grab a ticket is British inventor Sir Tim Berners-Lee, who\u2019s auctioning off his original source code for the web as a non-fungible token.<\/p>\n<p><span><em>[Read:\u00a0Why entrepreneurship in emerging markets matters]<\/em><\/span><\/p>\n<p>For those of you lucky enough to have missed the hype train, NFTs are unique digital tokens secured by blockchain tech.<\/p>\n<p>They\u2019re used to authenticate claims of ownership to digital and physical assets that can be sold or traded, such as\u00a0digital artworks. The strange part (to me, at least), is they\u2019re often\u00a0verifying ownership of works that can\u00a0be screengrabbed or <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">download<\/a>ed in seconds.<\/p>\n<p>They\u2019ve nonetheless helped sellers rake in fortunes for their digital collectables \u2014 and B<span>erners-Lee<\/span> will hope to join them.<\/p>\n<p>The NFT he\u2019s auctioning includes his original time-stamped files for the WorldWideWeb browser; an animation of the code being written, a letter by\u00a0<span>Berners-Lee<\/span> about his creation; and a digital poster of the code.<\/p>\n<p><iframe loading=\"lazy\" title=\"Tim BernersLee Video   15 second code + signature\" width=\"640\" height=\"480\" src=\"https:\/\/www.youtube.com\/embed\/EfD8gpChNck?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>It\u2019s a more attractive package than, say, a\u00a0tweet by <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> CEO Jack Dorsey, and that bagged an eye-watering <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bbc.co.uk\/news\/business-56492358\">$2.9 million<\/a>. Unfortunately for\u00a0<span>Berners-Lee<\/span>, he may be jumping on the hype train a few stops too late.<\/p>\n<p>A recent <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/protos.com\/nft-market-bubble-popped-crypto-collectibles-are-over\/\">report by Protos<\/a> suggests the NFT market has already imploded. According to data analyzed by the crypto <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> site, NFTs peaked on May 3, when $102 million worth of them were sold in just a day.\u00a0But by June, the market had plunged by almost 90%.<\/p>\n<p>New data analyzed by Nonfungible further substantiates claims that the bubble is bursting. The market tracker <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2021\/06\/15\/nft-price-crash-what-next-for-digital-collectibles.html\">found<\/a>\u00a0that overall sales collapsed from a seven-day peak of $176 million on May 9 to $8.6 million on June 15.<\/p>\n<p>Still,\u00a0<span>Berners-Lee<\/span> has some grounds for optimism. His digital asset is a genuine historical artefact that\u2019s eminently suited to the format.<\/p>\n<p>As\u00a0<span>Berners-Lee<\/span> puts it, NFTs are the \u201cideal way to package the origins behind the web.\u201d<\/p>\n<p>His \u201cdigital-native artefact\u201d could\u00a0attract some hefty bids from the tech-savvy community of NFT collectors \u2014 and he wouldn\u2019t be the only one defying the market\u2019s doomsayers.<\/p>\n<p>Just last week, an NFT of Doge the dog sold for a cool <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nbcnews.com\/pop-culture\/pop-culture-news\/iconic-doge-meme-nft-breaks-records-selling-roughly-4-million-n1270161\">$4 million<\/a>. Surely the source code of the world wide web is worth more than a meme? We\u2019ll find out when the bidding ends on June 30.<\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more like this article, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/technology\/\" target=\"_blank\" rel=\"noopener\">Technology category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/thenextweb.com\/news\/tim-berners-lee-nft-auction-web-source-code\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Web\u2019s daddy jumps aboard NFT hype train \u2014 but is he already too late?&#8221; The NFT bandwagon attracts a curious mix of passengers, from celebrity robots to\u00a0convicted animal abusers. The latest luminary to grab a ticket is British inventor Sir Tim Berners-Lee, who\u2019s auctioning off his original source code for the web as a non-fungible&#8230;<\/p>\n","protected":false},"author":1,"featured_media":275349,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/img-cdn.tnwcdn.com\/image\/hardfork?filter_last=1&fit=1280,640&url=https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/06\/Untitled-design-2-3.jpg&signature=738dcebcfaabd3095676afc14209dd4f","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-275348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/275348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=275348"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/275348\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/275349"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=275348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=275348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=275348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}