Ross Ulbricht NFT Collection Raises Over $6 Million in Ethereum, Free Ross DAO Wins Auction

Ross Ulbricht NFT Collection Raises Over $6 Million in Ethereum, Free Ross DAO Wins Auction

The Ross Ulbricht Genesis non-fungible token (NFT) collection auction has come to an end and the auction winner was the “Free Ross DAO,” backed by the Pleasrdao project. The NFT collection raised 1,446 ether or $6.27 million at the time of settlement.

Free Ross Decentralized Autonomous Organization Wins Ross Ulbricht’s NFT Auction, DAO Plans to Fractionalize NFT Collection

  • Four days ago, Bitcoin.com News reported on the Ross Ulbricht Genesis NFT collection amassing millions of dollars worth of ethereum (ETH) bids on the Superrare NFT marketplace.
  • At the time, there were some very high bids from an individual called “@toxicbitcoinmaxi.” However, the report also explained that the Pleasrdao project also got involved in the bidding war for the collection and formed a decentralized autonomous organization (DAO) called the “Free Ross DAO.”
  • The Free Ross DAO raised 1,446 ETH or $6.27 million at the time of exchange. According to the DAO, the NFT collection will be “fractionalized between the 500 Free Ross DAO contributors.”
  • The NFT collection was an assortment of writings and ten artworks produced by Ross Ulbricht and it includes an animation developed by the NFT artist Levitate. Ulbricht also did the voice-over for the animated work. The NFT collection was curated by Entoptic and proceeds will be handed by the Art4giving fund, and efforts to free Ulbricht.
  • “From the beginning with this NFT, I’ve wanted to help kids travel to see their moms and dads in prison,” Ulbricht said. “But with such high bids, we can now have a real impact on many other important causes as well.”
  • Information concerning Ross Ulbricht’s case can be found at freeross.org and Ulbricht’s clemency petition hosted on change.org is getting awfully close to reaching 500,000 signatures. The petition is 42,014 signatures away from reaching the half-million signature milestone.

What do you think about Ross Ulbricht’s NFT collection fetching more than $6 million in ethereum at the end of the auction? Let us know what you think about this subject in the comments section below.

Ross Ulbricht’s debut NFT sold for $6.2M at auction

FreeRossDAO buys the Silk Road founder’s NFT created from prison and auctioned off via SuperRare to fund future efforts to free Ulbricht.

After announcing the launch of his “Genesis Collection” nonfungible token (NFT) auction, Ross Ulbricht, the alleged founder of dark web marketplace Silk Road, has sold his first NFT for $6.2 million or 1,446 Ether (ETH) at auction.

The auction kicked off at Art Basel Miami via the SuperRare platform. FreeRossDAO, the decentralized autonomous organization set up to help free Ulbricht from imprisonment, placed the winning bid. The FreeRossDAO website states that the DAO aims to “advance prison reform” and to “share Ross’s work with the world and give everyone a unique opportunity to own a piece of it.”

Ross Ulbricht’s “Perspective” $6.2M drawing from the “Ross Ulbricht Genesis Collection” of NFTs.

The first NFT sold, called “Perspective,” was drawn in prison using graphite pencil and is part of a 10-piece collection of writings and artworks made by Ulbrict throughout his life. The collection also includes an animated video made by audiovisual artist Levitate and with a voiceover by Ulbricht about his time in prison.

All proceeds raised from the “Genesis Collection” will go towards the Art4Giving fund, a donor-advised trust created by the FreeRossDao as a legal entity to fund new legal proceedings and raise awareness, according to the organization.

FreeRossDAO plans to fractionalize the NFT into ROSS governance tokens and distribute them pro-rata in return for donor contributions. ROSS holders will be able to vote on proposals and participate in the guidance of FreeRossDAO.

Ulbricht’s NFT ranks among the largest sales within the last seven days, as recorded by NonFungible.