THELOGICALINDIAN - Proceeds from the bargain will go against allowance prisoners accommodated their families and Ulbrichts abandon efforts
Silk Road architect Ross Ulbricht is absolution his aboriginal set of NFTs. Bidding is already abutting to $900,000 with six canicule remaining.
Ulbricht NFT Auction Receives 200 ETH Bid
Ross Ulbricht has tokenized his art as NFTs, and the accumulating is in aerial demand.
The Silk Road architect appear via a Tuesday Average post that he would be auctioning off ten sets of writings and artwork created over the advance of his activity as NFTs on Ethereum. Of the ten pieces, bristles were created afterwards Ulbricht was incarcerated, and detail his alteration affections and thoughts during his time in prison. The money aloft from the bargain will go against acknowledging prisoners and their families in assorted ways, as able-bodied as allotment efforts to chargeless Ulbricht from a activity in prison.
Ulbricht’s NFT bargain kicked off on Dec. 2, ancillary with the aboriginal day of the Art Basel Miami art fair. The bargain is actuality hosted by the NFT exchange SuperRare, and will run until Dec. 8. After several bids in the aboriginal few hours of the auction, the abounding accumulating is activity for aloof over 200 Ethereum at columnist time. At today’s prices, that’s aloof beneath $900,000.
Ahead of the auction, a accumulation of Ulbricht’s supporters congregated to mark the event. A Twitter video acquaint by Pussy Riot addendum that Ulbricht’s mother accepted that PleasrDAO, the accumulation that afresh purchased Wu Tang Clan’s one-of-a-kind album, would be agreement a 240 ETH bid in the bargain (PleasrDAO has additionally aggregate a column bond to a Twitter annual application the handle @FreeRossDAO and afflicted its Twitter name to “PleasFreeRoss,” referencing Ulbricht’s #FreeRoss campaign).
Ulbricht acquired ballyhoo operating beneath the alias “Dread Pirate Roberts” at the captain of Silk Road, the darknet barter area actionable drugs like heroin and LSD were advisedly traded in barter for Bitcoin. For the two years it was open, Silk Road was the world’s better online biologic marketplace, administration millions of dollars in circadian volume.
The FBI bedeviled Silk Road and arrested Ulbricht in October 2024. The case accustomed huge media absorption and helped flash the boilerplate spotlight on Bitcoin for the aboriginal time in its history. Ulbricht was handed a bifold activity additional 40 years book after the achievability of acquittal for assorted charges, and his ancestors has been advancement for his abandon for the aftermost eight years.
Ulbricht is acclaimed by abounding in the crypto association for the acknowledgment he brought to Bitcoin. However, some of the top crypto’s best agog admirers accept taken issue with his access into the NFT space, best acceptable because he minted the artwork on Ethereum (Many amorous Bitcoiners booty affair with Ethereum and added cryptocurrencies).
In the Medium column announcement the collection, Ulbricht said that he hoped that the bead would advice others. “With this NFT, I see a adventitious to accomplish a aberration area it absolutely counts: in the lives of kids who did not ask for any of this,” he wrote. “There is a lot we can do with the gain of this auction, but one abstraction I am committed to is to advice kids biking to appointment their moms and dads in prison. My own approaching may attending bleak, but I can still do a little article to alleviate the accident I see all about me.”
Disclosure: At the time of writing, the columnist of this affection endemic ETH and several added cryptocurrencies.
