From prison: creator of Silk Road, Ross Ulbricht, launches NFT and offers already exceed one million dollars

Texas could raise funds through NFT and harness 'abundant' energy to mine Bitcoin

From prison: creator of Silk Road, Ross Ulbricht, launches NFT and offers already exceed one million dollars By Hannah perez

Part of the funds raised from the sale of the NFT collection will go to an organization that helps prisoners and their families.


The jailed founder’s new digital art project Silk roadRoss Ulbricht is causing a sensation in the space with offers already exceeding one million US dollars.

Ross Ulbricht, known for having created and operated the illicit market with Bitcoin in the deepweb, Silk road, announced this week its foray into the world of tokens non-expendable (NFT) with collectionRoss Ulbricht Genesis Collection. Minted in Ethereum, the collection that is made up of various works of art made and inspired by the life of Ulbricht.

As such, the NFT artwork It is made up of a total of ten pieces that include writings in which Ulbricht describes his emotions and thoughts from prison, as well as some of his freehand drawings. Also included is a original animation by digital artist Levitate, which is inspired by Ulbricht’s stay in prison and in which the young man’s voice is heard.

The auction of the NFT collection, which is taking place on the platform SuperRare and launched on Thursday, it has already caught the attention of many collectors. One day after its launch, the work has registered more than ten offers. Currently the highest bid is for 420.69 ETH or about $ 1.8 million at current prices.

See also  This exchange will allow receiving the Ethereum forks that arise during the merger

Ulbricht dabbles in NFT from prison

Ulbricht, who spends his days in federal prison in Tucson, Arizona, made the initiative known through an entry in its personal blog which he updates with the help of his mother and other relatives who transcribe his physical letters on the portal.

I was 29 when they arrested me. Suddenly, sitting in jail, I had time to draw again. I reconnected with my artistic side, producing illustrations that told the story I was going through. I was able to connect with those in the free world through my art. The isolation he felt was tempered by it.

Although deprived of liberty for 8 years, the developer is looking to keep up with developments in the crypto space, and although he was unfamiliar with NFTs, he was excited about the innovation when he started digging at the end of this year after someone suggest you sell your tokenized art.

From prison: creator of Silk Road, Ross Ulbricht, launches NFT and offers already exceed one million dollars
“Perspective”, a graphite pencil drawing created in prison by Ulbricht, is one of the pieces in his NFT collection.

In addition, with your NFT project, you also have the intent to raise funds to support other prisoners and their families; as well as contributing to the efforts to fight for their own freedom. “With this NFT, I see an opportunity to make a difference where it really counts: in the lives of children who did not ask for any of this.He wrote on his blog and continued:

There are many things we can do with the proceeds from this auction, but one idea that I am committed to is helping children travel to visit their mothers and fathers in jail.

Coinciding with the dates of the art fair Art Basel Miami, the auction of the Ulbricht NFT collection will be open in SuperRare until next December 8.

See also  New backpack in the style of "Ghostbusters" allows you to mine Bitcoin

A reason not to lose hope

Denounced as a dangerous criminal by public opinion, Ulbricht’s story caught on after his arrest in 2013.

Since 2011, he had operated Silk road, a darknet market where users could buy illicit drugs in exchange for Bitcoin, under the alias “Dread Pirate Roberts“. During the two years it was open, Silk road It was the world’s largest online drug market, handling millions of dollars in daily volume. It was also the first major use case of Bitcoin as a means of payment.

The website was closed in 2013, after the arrest of its founder. In February 2015, Ulbricht was found guilty of conspiracy to launder money, computer hacking, drug trafficking and for running a criminal enterprise. He was sentenced to two life sentences plus 40 years, without the possibility of parole.

During his time in prison, his mother Lyn Ulbricht and family friends have been actively campaigning to free him. Meanwhile, he has maintained a blog account and a twitter account where he shares his notes and comments from jail.

In one of his tickets most recent, Ulbricht She said her exploration of NFT art was a way of telling her story, something that gave her hope of finding something to live for. Although his future may seem bleak to many, he prefers to maintain an optimistic attitude. I’m still alive. I’m still here. I can still make a difference“.

See also  Argentina Customs Seizes $21 Million in Crypto Mining Equipment Due to Invoice Irregularity - DiarioBitcoin

Recommended reading

Sources: The Block, CryptoBriefing, file

Article by Hannah Estefanía Pérez / Daily bitcoin

Image from Unsplash

Leave a Comment

Your email address will not be published.