Connect with us

Business

Wikipedia creator’s computer and NFT of first edit up for auction

Published

on

The personal computer that Wikipedia founder Jimmy Wales used when programming the online reference resource 20 years ago is going under the hammer, along with an NFT memorializing his first edit on the platform, auctioneers said Friday.

The Strawberry iMac was the machine Wales “used for development and research at the time of the website’s launch on January 15, 2001,” said auction house Christie’s, which is overseeing the sale that began Friday in New York.

For the latest headlines, follow our Google News channel online or via the app.

The second lot is for an NFT — Non-Fungible Tokens are unique digital objects that confer ownership through blockchain technology – created by Wales of Wikipedia’s debut onscreen image when he posted the first words, “Hello world,” Christie’s specialist Peter Klarnet told AFP.

The NFT, presented in JPEG format, will be interactive, with the buyer able to edit the page, “which can be reset with a timer to revert to its original state,” according to Christie’s.

Part of the proceeds from the sales will help fund Wales’s WT.Social project, a “nontoxic alternative” social media network that uses an advertising-free model.

The two lots are for sale online through December 15, with Christie’s hoping they will sell for hundreds of thousands of dollars, Klarnet said.

The new darling art form for some collectors and investors, NFTs have become staples of auction houses and the art market.

An NFT of the World Wide Web’s source code sold in July for $5.4 million at Sotheby’s, while the all-digital work of American artist Beeple drew $69.3 million in March at Christie’s, an NFT record.

Also on Friday Christie’s announced the auction of a bulletproof vest worn by rap megastar Kanye West during a party marking the release of his 2021 album “Donda.”

Read more:

Facebook risks meta flop, metaverse developers say pointing to shift in user behavior

Around 16,000 people buy virtual plots of land in Sandbox metaverse: Co-founder

South Korean game producers chase NFTs in real-money boost for players, firms

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Iran gas flow to Turkey cut by technical failure: Officials

Published

on

Iran has cut gas flows to Turkey due to a technical failure, prompting Turkish authorities to order gas-fueled power plants to cut gas use by 40 percent, sector officials said on Thursday.

Turkish natural gas distributors were also asked to reduce supply to 60 percent for large consumers except for that used for heating, the Turkish sector officials said, adding that schools and hospitals will be exempted.

Iran notified Turkey of 10-day cut to natural gas flows, but talks are ongoing to start flows earlier, the officials added.

Continue Reading

Business

Turkey, UAE sign FX swap deal worth $5 billion

Published

on

Turkey signed a $4.9 billion currency swap agreement with the UAE, boosting dwindling foreign-exchange reserves depleted by the country’s financial turmoil.

The three-year deal reflects a warming of ties that began last year after a decade of frosty relations that rippled across the Middle East. Turkey has already signed swap deals with Qatar, South Korea and China to prop up its reserves, which shrank more than 10 percent in December as the central bank intervened in the foreign-exchange market to stem the lira’s decline.

For the latest headlines, follow our Google News channel online or via the app.

Reserves totalled just under $110 billion on Jan. 7, according to official data, but fall significantly below zero when the central bank’s liabilities from swap deals with foreign counterparts or commercial lenders are stripped out. The lira, meanwhile, still lost about 40 percent of its value last month alone, when investors fled lira assets in search of protection against a worsening inflation outlook.

The run on the currency began after the central bank started a cycle of interest rate cuts in September at President Recep Tayyip Erdogan’s demand. Erdogan argues that lower borrowing costs will curb price pressures, contrary to what most central bankers think.

The size of Wednesday’s swap agreement in local currencies is 18 billion UAE dirhams or 64 billion Turkish liras, according to separate statements by both monetary authorities.

The deal followed a visit by Abu Dhabi’s Crown Prince, Sheikh Mohammed bin Zayed Al Nahyan, to Turkey in November.

Read more:

Turkey, UAE say they want deeper cooperation, trade after Dubai talks

UAE establishes $10 bln fund to support investments in Turkey

Turkey, UAE to sign accords on energy, technology at talks: Officials

Continue Reading

Business

UAE energy minister looks ahead to supply 400,000 bpd, ‘not worried’ about short term

Published

on

UAE energy minister Suhail al-Mazrouei said on Wednesday that he was “not worried about the short term” when asked about predictions that oil prices will rise above $100.

The price of benchmark Brent crude gained 0.33 percent on Wednesday to $87.76 per barrel, as oil rose for a fourth day as an outage on a pipeline from Iraq to Turkey added to worries about an already tight supply outlook.

For the latest headlines, follow our Google News channel online or via the app.

“I will never give a prediction on a price. We will continue to do our work of increasing the supply of 400,000 bpd,” he told reporters on the sidelines of the Abu Dhabi Sustainability Week.

“I am not worried about the short term,” he said. “I am worried about the long term if there are voices saying we should not invest.”

Analysts are forecasting tight oil supply in 2022, driven in part by demand holding up much better than expected as the highly contagious omicron coronavirus variant spreads, with some predicting the return of $100 oil.

Mazrouei said all producing countries and international oil companies should invest in hydrocarbons to ensure a smooth energy transition.

Read more:

UAE’s ADNOC works to ensure reliable supply after fuel depot incident

Key Iraq oil pipeline to restart after explosion in Turkey

Global oil demand expected to remain ‘robust’ despite COVID omicron variant: OPEC

Continue Reading

Trending