Auction for the NFT Collection of the Incarcerated Silk Road Founder Closes in One Day

The imprisoned Ross Ulbricht, founder of e-commerce marketplace ‘Silk Road,’ released his NFT collection on the 2nd of December in a bid to inspire change in America’s juridical system. The auction for the collection is being held until the 8th of December. 

Ulbricht is condemned to remain in prison for the rest of his life, though many believe he was treated unfairly and didn’t deserve such a fate.

“With [the] proceeds from this NFT, we are starting a donor-advised fund called Art4Giving, dedicated to relieving the suffering of the incarcerated and their families. There is a lot we can do, but one idea I am committed to is to help kids travel to visit their moms and dads in prison,”

Ulbricht shared.

Organization is taking the initiative to change Ross’s sentence; their petition has been signed by more than 460k people. 

FreeRossDAO, created by crypto investors, aims to generate funds to buy the Genesis Collections and protest against the injustices of the American prison system.

Bitcoin was the only currency accepted on the Silk Road, and Ross’s vision was to create a community where people could trade freely, with their privacy secured. 

The Ross Ulbricht Genesis Collection NFT includes poetry and drawings he made in prison, as well as when he was a child.

“I told a story, with words and drawings, of a typical day in maximum security, and my collaborators animated it from my point of view as a prisoner. That is all bundled into the NFT. It is my story as art,”

Ross wrote.

The auction is being held on SuperRare.

On The Flipside

  • NFTs have an array of purposes and can be used for charity, as well as for sharing personal stories and art. 

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