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Ross Ulbricht’s NFT sells for 1,500 ETH

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Even in prison, Ross Ulbricht, the founder of Silk Road, which was once the biggest marketplace on the Deep Web, continues to garner the cryptoactives community’s attention.

Proof of this is that an Ulbricht NFT was sold for 1,446 ETH. NFT is a collection of the developer’s writings and 10 artworks.

The collection includes works made throughout Ulbricht’s life, from childhood to prison time. Plus, it includes an original 2-minute, 40-second animation created in collaboration with artist Levitate.

The works were compiled into a single non-fungible token sold on the SuperRare marketplace.

According to the developers, the proceeds from the work are intended “to alleviate the suffering of inmates and their families.” They said one part will go to “the fight to release Ross from his life sentence.”

The NFT collection auction lasted 7 days and the initial offer was 3 ETH. But the value quickly increased.

Until a few hours ago, everything indicated that the winner would be Jesse Pow, co-founder and CEO of Kraken, which offered 1,314 ETH.

But, with just a few minutes to go before the auction ends, the pseudonym user @yfimaxi offered 1,446 ETH, winning the trading session.

Ross Ulbricht

Ulbricht is 37 years old and has been in prison since May 29, 2015. He was sentenced to life without the possibility of parole for money laundering, breaking into computer systems and forming a drug trafficking ring.

All crimes involve the creation of the Silk Road website, which operated on the deep web. The site allowed the free trade of all kinds of products (even illegal ones), which were paid for with BTC.

Many users of cryptocurrency and supporters of libertarian philosophy consider his imprisonment unjust.

The website explains that the computer scientist “has never been prosecuted for causing bodily harm or injury and no victims were named at the trial.”

“The aim of Silk Road was to give people the freedom to make their own decisions and pursue their own happiness, as they individually believed. But it turned out to be a naive and expensive idea that I deeply regret,” said Ross Ulbricht, creator of Silk Road.

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All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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