Ethereum

FreeRossDAO buys Ross Ulbricht’s ETH NFT to free him: report

FreeRossDAO just campaigned to raise funds and win the Ross Ulbricht NFT auction to raise funds and focus on his release. In today’s crypto news, we take a closer look at the DAO’s plans.

The goal of the DAO is to win the auction, but also to facilitate the rehabilitation of prisoners. FreeRossDAO is run by members of the Pleasrdao Community. The DAO tried to buy everything, but can they buy a man’s freedom?

Today a SuperRare user won a Genesis range, an NFT collection of artwork, diary entries and other memorabilia from Silk Road founder Ross Ulbricht and paid 1445 Ethereum. The winner is a member of PleasrDao, according to a spokesman. The spokesman said they had some problems with multisig and had one of the members bid on their behalf. So, multisig basically refers to a multisig crypto wallet that requires the key holder to approve a transaction before it can go ahead.

Ulbricht has been in prison since 2013 and has now auctioned his NFT on SuperRare from December 2nd to 8th. To win their place, to win the collection, the PleasrDAO community amassed a treasure of 2,836,637 ETH in just a few days, the chance to own a piece of it. PleasrDao member Camilla McFarland wrote that all sales proceeds will be used for the prisoner’s aid fund and also for Ulbricht’s freedom efforts.

In 2011, Ulbricht launched Silk Highway, a dark network where anything could be bought and sold using BTC. The worldwide website Silk Highway was shut down in 2013 after he was arrested and found guilty of conspiracy to launch money laundering, computer hacking and drug trafficking, and of running a criminal business. He is currently serving a straight life sentence, with an additional 40 years in prison, and Twitter account PleasrDao says he set FreeRossDAO 240 ETH to represent the length of his sentence.

https://twitter.com/PleasrDAO/status/1466525139051364359?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener
The pardon campaign began in 2013, and according to the FreeRoss.org website, more than 457,000 people have signed the pardon. So far, the three US presidents holding pardons have ignored calls for the “release of Ross”. A longtime supporter of the Ross Emancipation Initiative and founder of Entopic said:

“With typical crowdfunding, there is a lack of decentralized governance. A DAO enables the transparent management and execution of funds. This roadmap will encourage more interest, participation, and support from the crypto community. ”

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

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