[1] In 2001, Larry Sanger conceived of Wikipedia as a source of volunteer entries from the general public that could then be "fed into" Nupedia, a collaborative encyclopedia founded by Jimmy Wales and written by "qualified volunteer contributors" with a multi-step peer review process.
[3][4] Historically, the earliest surviving edit on Wikipedia's database was a January 16, 2001, revision of the page UuU, created as a list of countries starting with the letter U and oddly titled due to software considerations of the time.
[13][15] Previously, other tokens referencing "[pieces] of internet history" had been turned into "wildly expensive NFTs" – in June 2021, Sotheby's auctioned off a token referencing an animated GIF made from a text file of Tim Berners-Lee's original source code for some features of the World Wide Web;[4] it sold for $5,434,500 USD.
[21][22] Some editors, including administrators, argued that Wales' use of his own user profile page to advertise the sale was a violation of Wikipedia guidelines against self-promotion.
[21] Other editors criticized the sale on the grounds that the artificial scarcity of NFTs is incompatible with Wikipedia's open-source free knowledge principles.
[21][22] They were broadly not opposed to Wales selling the iMac he used at the time, but objected to the NFT for representing what they perceived as monetization encroaching onto the platform.