Ross Ulbricht’s first NFT sold for $ 6.2 million at auction
Following the announcement of the start of his NFT auction “Genesis Selection”, the alleged founder of the darknet market Silk Street, sold his first NFT for 6.2 million dollars or 1,446 ETH in the auction.
The auction started at Artwork Basel Miami via the SuperRare platform. FreeRossDAO, the decentralized autonomous organization set up to free Ulbricht from captivity, won the bid. The FreeRossDAO website states that the DAO aims to “promote prison reform” and “share Ross’ work with the world and give everyone a unique opportunity to own a piece of his work”.
Ross Ulbricht’s $ 6.2 million “Perspective” drawing from NFT’s “Ross Ulbricht Genesis Collection”.
The first NFT for sale, entitled Perspective, was drawn with graphite pencil in prison and was part of a collection of 10 works and art works that Ulbrict had created during his lifetime. The collection also includes an animated video by audiovisual artist Levitate and a voice-over by Ulbricht telling of his prison days.
All proceeds from the Genesis Collection go to the Artwork4Supplying Fund, an advisory donor trust fund created by FreeRossDao as a legal entity to fund legal proceedings and raise awareness, the organization said.
FreeRossDAO plans to split the NFT into ROSS governance tokens and distribute these proportionally in return for donor contributions. ROSS owners can vote on proposals and participate according to FreeRossDAO guidelines.
According to NonFungible, Ulbricht’s NFT is one of the biggest sales in the past seven days.