Steve Jobs’ 1973 job utility shall be auctioned as an NFT
Steve Jobs explains the iPhone to CNBC in 2007
A handwritten application from 1973 from Apple co-founder Steve Jobs is up for auction again. This time, however, you can bid to buy either the original document or an NFT version.
The one-way application was created by Jobs after dropping out of Reed College and three years before starting Apple. He doesn’t list a position or the company, but says he was interested in positions as an electronics technician or design engineer. His skills included computer and calculator experience. In 1976 Jobs founded Apple with Steve Wozniak.
NFTs, or non-fungible tokens, are assets that delegate ownership of a virtual item such as a picture, tweet, or video that is usually paid for in Ethereum cryptocurrency. The asset can only be held by one person at a time, and ownership is recorded in a digital ledger that underpins cryptocurrencies like Bitcoin.
The auction website says they are selling the real copy and a digital version to see which one has more value. It also gives the owner the ability to make more money with a single document. As of Thursday morning, the physical version has a maximum bid of $ 1,000 while the NFT has a maximum bid of $ 545.93. It was last sold for over $ 222,000 in March.
Collectors have shown they are willing to pay the highest dollar for NFTs. In March, Christie’s auction house sold a work of art by digital artist Beeple for $ 69 million. The hype surrounding digital collectibles subsided in June when NFT sales began to decline.
Organized by London entrepreneur Olly Joshi, the auction ends on July 28 at 5 p.m. ET.