Israeli company CryptoVerses is selling Bible verse NFTs for $8,400

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An Israeli company claims to have sold an NFT – or non-fungible token – encrypted with a Bible verse in Genesis for nearly $8,500.

According to CryptoVerses, an Israeli project launched earlier this year by Yonatan Bendahan and Yuval Mey-Raz, the verse Genesis 29:35 – which contains the first biblical reference to the word Jew, when Judah was born – was sold for 2.02 Ethereum , in a digital currency transaction worth approximately $8,400.

The verse says: “She [Leah] conceived again, and when she gave birth to a son, she said, ‘This time I will praise the Lord.’ So she called him Judah. Then she stopped having children.

The company did not reveal the details of who purchased the NFT.

“The project symbolizes global technological development over thousands of years,” said Bendahan, co-founder of CryptoVerses. “A biblical text was first written on papyrus, then on rolls of parchment. In the 15th century, with the invention of the printing press, the printing of the Bible in book form began. With the invention of voice recording, audio versions of the Bible began to emerge. When the World Wide Web was launched in 1990, the Bible could be read on the Internet. We are now in the era of blockchain and it is an honor for us to be the first to encrypt Bible verses on the blockchain and allow everyone to own a non-fungible Bible verse token.

CryptoVerses is currently selling NFTs of verses from the first five books of the Bible, with potential buyers able to search through Bible stories. The company explains that the purchase of such an NFT is “not the property of the biblical content”, but rather like the purchase “of a physical item that includes a biblical verse, such as a medallion, where the buyer becomes the owner of the medallion but not the owner of the verse written on it.

A screenshot showing the homepage of the Israeli company CryptoVerses. (Screenshot)

NFTs are actually digital certificates of authenticity that can be attached to digital art or, in fact, just about anything in digital form – audio files, video clips, animated stickers or that item you you read.

NFTs confirm ownership of an item by recording details on a digital ledger known as a blockchain, which is public and stored on computers on the internet, effectively making it impossible to lose or destroy.

The Associated Press contributed to this report.

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