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

FreeRossDAO buys the prison-created NFTs from the Silk founders and auctions them on SuperRare to fund future efforts to free Ulbricht.

Following the announcement of the NFT “Genesis Selection” auction, the alleged founder of the darknet market, Silk Street, auctioned his first NFT for $ 6.2 million or 1,446 ETH.

The auction started at Artwork Basel Miami via the SuperRare platform. The competition was won by the decentralized autonomous organization FreeRossDAO, created to free Ulbricht from captivity. The FreeRossDAO website says the DAO is committed to “promoting prison reform” and “sharing Ross’s work with the world and giving everyone a unique opportunity to own a piece of his work.”

Drawing by Ross Ulbricht “Perspective” for $ 6.2 million from the Ross Ulbricht Genesis Collection by NFT.

The first NFT for sale, called Perspective, was drawn with lead pencil in prison and was part of a collection of 10 works and art that Ulbrik created during his lifetime. The collection also includes an animated video by audiovisual artist Levitate and Ulbricht’s voiceover narrating his prison days.

All proceeds from the Genesis Collection go to the Artwork4Supplying Fund, an advisory donor trust fund set up by FreeRossDao as a legal entity to fund litigation and raise awareness, the organization said.

FreeRossDAO plans to split the NFT into ROSS governance tokens and distribute them pro rata in exchange for donor contributions. ROSS owners can vote on proposals and participate in accordance with the FreeRossDAO rules.

Ulbricht’s NFT is one of the biggest sales in the past seven days, according to NonFungible.