FreeRossDAO buys Silk Road founder Ross Ulbricht’s NFT collection
The decentralized autonomous organization (DAO) FreeRossDAO acquired the NFT-collection of Silk Road founder Ross Ulbricht. The winning bid at the аукционе on the SuperRare platform amounted to 1,446 ETH (~$6.2 million).
@FreeRossDAO has won the auction with a bid of 1446 eth 🙂 thank you and congratulations everyone
— path.eth 🛡️ (@Cryptopathic) December 9, 2021
Auction was won by user yfimaxi. In conversation with Decrypt, a PleasrDAO representative said that the latter is a member of the organisation.
“We had some issues with multisignature, so one of our members placed the bid on behalf of the organization,” he explained.
In 2015 Ulbricht was found guilty of running the darknet marketplace and other crimes. He was sentenced to two life terms plus 40 years. A group called Free Ross Ulbricht, organized by his mother, friends and supporters, advocates for his release.
At the end of November, the founder of Silk Road announced that will put up for auction his NFT collection. It includes 11 drawings by Ulbricht, created at various periods of his life, as well as an animated video—a collaboration with NFT artist known by the nickname LΞViT∆TE.
The PleasrDAO team decided to participate in the auction and provide the collective opportunity for all interested through the created DAO.
After the auction, the entire Ross Ulbricht Genesis Collection was merged into a single NFT, which the winner obtained. The Kanon KSPEC protocol was used for this.
According to the FreeRossDAO site, rights to the NFT will be distributed among all DAO participants in proportion to their financial stake. These rights will be represented by ROSS tokens (ERC-20 standard), which also serve as governance tokens.
Earlier, a group of enthusiasts launched the ConstitutionDAO project to purchase at Sotheby’s a rare first-edition copy of the U.S. Constitution. In a week the community raised more than $40 million in Ethereum, but the DAO could not win the auction .
Earlier, DuneDAO’s attempt to acquire at Christie’s a rare printed edition of Alejandro Jodorowsky’s unreleased film “Dune” also ended in failure.
Follow ForkLog news on Twitter.
Рассылки ForkLog: держите руку на пульсе биткоин-индустрии!