A candidacy of Steve Jobs at auction and in NFT

18,750 dollars: this is the price at which a paper application from Steve Jobs dated 1973 was sold in 2017, three years before the filing of the statutes of the Apple company. Since then, the mail has changed hands twice.The latest, which once again took the form of auctions, saw the document find a buyer for more than $224,000. And guess what? Here we go again for a ride.

In fact, the piece is now available on a dedicated website created with Snoofa for a much more affordable price at the time of writing: $14,000. This is accompanied bya digital version on Rarible, whose authenticity is guaranteed by the principle of NFTs (non fungible token) via the blockchain. The amount to pay to purchase it is currently lower, since it is currently set at 0.35 ETH.

What are NFTs?

For those wondering, NFT literally means non-fungible token. In order to understand the principle, you must first know how a cryptocurrency works. Let's take the case of Ethereum, which has an unlimited number of tokens. Here, all are the same: each Ether is confused with the others, and cannot be differentiated from them. This is called fungibility.

On the other hand, in the case of a currency where thetokenswould be identifiable in relation to each other, like CryptoKitties or numbered tickets, the situation changes. Thus, the owner of each unit cannot confuse it with another; hence the termnon fongible. Among the examples of talking applications, we can notably cite the LVMH group which, to ensure the authenticity of its products, attaches a unique number to them, the address of the associated NFT which therefore only exists once. Even the Carrefour supermarket chain, through its meat and cheese products, uses this technology.