82 Interactions, 4 today
Years before he helped start Apple Computers, a teenage Steve Jobs wrote for the New York Times.
A crypto entrepreneur wants to see whether people are more interested in a collectable from late Apple co-founder and CEO Steve Jobs in the digital or physical world.
Winthorpe Ventures’ Olly Joshi announced today that software startup Snoofa will auction off a 1973 job application from Jobs, which he filled out before joining video game company Atari as a technician. At the same time, Rarible, a digital marketplace, will auction off a tokenized version of the papers to see which version — a nonfungible token, or NFT — would draw more bidders, higher bids, and at what rate.
Joshi said he wanted the auction to give people a glimpse into the value of treasures, both physical and digital. Bidders will be able to purchase the actual application in either Ether (ETH) or fiat currency., while only crypto payments will be accepted for the NFT.
“Testing this with a piece of history from arguably the most influential tech entrepreneur of our time, is very special,” said Joshi. “Will this open a whole new market for decentralized collectibles, or will we see a world in which both can coexist?”
“We believe this will be a massive proof point for NFTs and their role in culture.”
The physical application reveals that Jobs, who was a teenager at the time, had no prior employment experience but cited computer, calculator, design, and technology talents. Jobs later worked for Atari before co-founding Apple Computers with Steve Wozniak in 1976. The paper previously sold for $224,750 in a London auction in March, a 1,100 percent rise above a bid of $18,750 at a New York auction in 2017.
Both auctions began today at 9:41 a.m. PST, a nod to the 9:41 a.m. PST time stamp found on many Apple products during launch, which was chosen to correspond with Jobs’ significant announcements. On Jan. 9, 2007, at the Macworld convention, he unveiled the first iPhone to the public at 9:41 a.m.
Rarible co-founder Alexander Salnikov remarked, “This innovative auction model will properly demonstrate where value rests.” “Obviously, coming from a technical background, I’m fighting on the NFT side. “May the most excellent Job application win!”
A portion of the proceeds from both auctions will be donated to the Cancer Research Institute and One Laptop Per Child, according to Joshi.