Ross Ulbricht's first NFT sold for $ 6.2 million at auction

After announcing the launch of its “Genesis Collection” auction of non-fungible tokens (NFT) Ross Ulbricht, the alleged founder of the Si...


After announcing the launch of its “Genesis Collection” auction of non-fungible tokens (NFT)Ross Ulbricht, the alleged founder of the Silk Road dark web market, sold his first NFT for $ 6.2 million or 1,446 Ether (ETH) at auction.

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

$ 6.2 million Ross Ulbricht “Perspective” drawing from NFT’s “Ross Ulbricht Genesis Collection”.

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

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

FreeRossDAO plans to split the NFT into ROSS governance tokens and distribute them on a pro rata basis in exchange for donor contributions. ROSS owners will be able to vote on proposals and participate in FreeRossDAO boards.

Ulbricht’s NFT ranks among the top sales in the past seven days as checked in by NonFongible.