Steve Jobs’ handwritten job application letter (both physical and its NFT version) will now be auctioned and is expected to attract a lot of bidders.
Rarible and Snoofa will host the simultaneous auction events that will run for six days.
Aside from featuring Jobs’ interests and skills, another interesting aspect of the letter is that he wrote it a year before moving to Atari. At the time of the writing, Atari was just a start-up gaming company and had not yet dominated the gaming market.
Rarible and Snoofa
One of the auction’s hosts, Rarible, is an NFT marketplace for both creators and collectors that facilitates transactions like issuing, selling, and trading NFTs.
Snoofa, on the other hand, is an auction platform software company whose main task is to manage and handle the physical versions of NFTs.
Rarible assured participants that the NFT version of Steve Jobs’ application has a secured backup, just in case there would be technical problems in transferring the NFT to the winning bidder.
NFT vs physical
Aside from auctioning an item of a very high-profile person, one more interesting thing about the auction is that both the physical item and its NFT version will compete for a separate bidding event.
Jobs’ physical application letter was auctioned before, last 2017, for $18,750. It was again auctioned in 2018, with an increased price of $174,757. It was sold again this year with a 1,200% increase that catapulted its price to $224,750.
And now that the letter would again be put into auction, and will be competing “against itself” through its rival NFT version, many are wondering which version would command a higher price at the end of the auction.
Image courtesy of Cointelegraph News/YouTube