"World-first" as Steve Jobs application features in NFT vs physical auction

A handwritten job application by tech giant Steve Jobs has gone to auction in a world-first move for the NFT market.

The application, from 1973, will be auctioned off both as the original physical version and a digital version, a first for the crypto-assets market.

Both editions of the application are identical except for the medium, with the physical version having been to auction three times, increasing in value by 1,200 per cent over the past four years.

The “NFT vs physical auction” will be open for six days, and is expected to provide a benchmark for the value of NFT items.

The NFT was created in partnership with Rarible, with the auction of the physical item being hosted by auction software company Snoofa.

Olly Joshi, digital entrepreneur and founder of the NFT vs physical auction, commented: “The Steve Jobs hand-written 1973 job application auction aims to highlight the modern shift in perceived value - the physical or the digital.

“Testing this with a piece of history from arguably the most influential tech entrepreneur of our time, is very special. Will this open a whole new market for decentralized collectibles, or will we see a world in which both can coexist?

“As Steve Jobs asked us many times, is it time to ‘think different’? Whatever the answer, the digital and art worlds will be watching with anticipation. We believe this will be a massive proof point for NFTs and their role in culture.”

Sarah Buchanan, marketing director of Snoofa, said: “The only predictable element of auctions is their unpredictability, and the physical versus NFT asset is going to highlight this principle to the max.”

Alexander Salnikov, co-founder of Rarible, added: “This unique auction format will truly test where value lies.

“Coming from a tech background, obviously I’m fighting on the NFT side. May the best Jobs application win!”