Ross Ulbricht’s NFT on Ethereum sells for 1,500 ETH

Creator of Silk Road made a prison drawing that sold for 1,500 ETH as NFT

Key facts:
  • The money will go to alleviate the suffering of prisoners and to the cause for the freedom of Ulbricht.

  • Measured in fiat money, it equates to more than USD 6 million.

Updated 12/9/2021: This text was updated to add supplementary data on Ross Ulbricht’s freedom movement and its relevance within the bitcoiner community.

1,446 ethers (ETH), Ethereum’s native cryptocurrency, were paid for a collection of writings and 10 works of art by Ross Ulbricht, creator of the Silk Road marketplace. The material was auctioned in digital format as a non-fungible token (NFT).

At the time of writing, according to the CryptoNews Price Calculator, the sum equals USD 6.25 million.
The collection includes works made throughout Ulbricht’s life, from his childhood to his time in prison inclusive. In addition, it includes an original animation of 2 minutes and 40 seconds created in collaboration between the computer scientist and the audiovisual artist Levitate.

The works were compiled into a single non-fungible token and the proceeds reportedly on the SuperRare marketplace, are aimed at “alleviating the suffering of the incarcerated and their families.” Also, a part will go to “the fight to free Ross from his life sentence.”

Ulbricht, 37, has been in prison since May 29, 2015. He was sentenced to life in prison without the possibility of parole on charges of money laundering, hacking of computer systems and drug trafficking conspiracy. All this, for having created the Silk Road website, which worked on the deep web and allowed free trade of all kinds of products (even those classified as illegal), which were paid with bitcoin (BTC).

Ross Ulbricht's NFT on Ethereum sells for 1,500 ETH
The collection includes “Perspective”, a drawing made by Ulbricht in prison. Source: SuperRare

Kraken CEO lost the auction just minutes from the end

The NFT collection auction lasted 7 days. The first offer was for 3 ETH and the amount increased rapidly over time. Until a few hours ago, it all seemed that the winner would be Jesse Pow, co-founder and CEO of the Kraken exchange, who was offering 1,314 ETH.

But, with just a few minutes to complete the bid, a user identified under the pseudonym @yfimaxi was ahead of him in the race and offered the 1,446 ETH that made him the owner of the collection.

«Free Ross» movement calls for the freedom of the creator of Silk Road

Everything concerning the Ross Ulbricht case usually causes a great impact on the bitcoiner community worldwide. Many users of the cryptocurrency and sympathizers of the libertarian philosophy with which it is usually associated, they consider their detention to be unjust.

The website He explains that the American computer scientist, who founded Silk Road when he was 26 years old, “was never prosecuted for causing bodily harm or injury and no victim was named at trial.”

“Ross was not convicted of selling drugs or illegal items himself, but was held responsible for what others sold on the website,” it is explained there. It is detailed that “Silk Road users chose to trade a variety of goods, both legal and illegal, including drugs (usually small amounts of cannabis).”

Ulbricht is described there from a different perspective than the conclusion addressed by the American justice system. For the militants in favor of the freedom of Ulbricht, he is not a criminal but “an entrepreneur with a passion for free markets and privacy.”

Ulbricht himself, in a written statement to the court that condemned him, came to regret having started such an undertaking:

Silk Road was supposed to be about giving people the freedom to make their own decisions and pursue their own happiness, as they individually believed best. It turned out to be a naive and costly idea that I deeply regret.

Ross Ulbricht, creator of Silk Road.

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