Jailed Silk Road founder causes a stir with NFT drop

Ross Ulbricht, founder of the former dark web market Silk Road, caused a stir by announcing that he will be auctioning his series of non-fungible tokens (NFTs) from December 2.

Jailed first Bitcoin adopter announced via supporter has operated Twitter account on December 1, his plans for auction the Ross Ulbricht Genesis collection on the Superare NFT market from December 2 to 8. The collection consists of 11 handcrafted works of art by Ulbricht and then his followers in NFT form.

Art was made at different stages of Ulbricht’s life, from his childhood until his time in prison. The earliest works depict comic book characters and animals, while the later works depict scenes from his trial and the inner feelings he has had since his imprisonment.

Proceeds from the auction will help fund a trust to support Ulbricht’s efforts to be released from prison. The funds will also help launch the donor-advised charity fund. Art4Give, which is “dedicated to alleviating the suffering of incarcerated persons and their families”.

Ulbricht has been a controversial figure in the crypto field since being sentenced to two life terms in federal prison in October 2015 for exploiting the Silk Road marketplace. Silk Road first opened on the dark web in February 2011 and allowed users to buy almost anything with Bitcoin (BTC), including illicit substances.

that of Ross Ulbricht Perspective from the Ross Ulbricht Genesis collection by NFT.

The announcement sparked a storm of conflicting comments from people on social media, some against Ulbricht’s decision, but most in favor of his cause.

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A skeptical commentator, founder of bullbitcoin.com @francispouliot said that while he supports Ulbricht, “the fact that NFT’s insane and immoral ponzi is now completely normalized is deeply troubling.” Other Bitcoin maximalists have also opposed the whole concept of NFT with @vladenhawk writing “I can tolerate the creation of international drug and gun markets. But NFTS is where I draw the line.”

Crypto Cobain, a prominent host of UpOnly TV, pointed out in support that while a few Bitcoin maximalists may be against Ulbricht cashing in NFTs, he was instrumental in the early adoption of Bitcoin.

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