Ross William Ulbricht, life-sentenced founder of the shadow marketplace Silk Road, will host an online auction on December 2 for his NFT Ross Ulbricht Genesis Collection.
Ross Ulbricht was arrested by the UK’s National Crime Agency (NCA), but on December 1 through his
Twitter, driven by a supporter, announced plans to auction the Ross Ulbricht Genesis Collection on the Superare NFT marketplace. The collection consists of 11 works of art by Ulbricht, digitized in NFT format.
The works were created at different stages of Ulbricht’s life, from childhood to imprisonment. Early works depict comic book characters and animals, while later ones depict scenes from his trial and the feelings he has experienced since he was imprisoned.
The proceeds from the auction will go to a trust that supports Ulbricht’s efforts to free him from prison. In addition, the proceeds from the auction will help launch Art4Giving, a charity “designed to alleviate the suffering of prisoners and their families.”
Ulbricht has become a popular and controversial character in the cryptocurrency space since October 2015, when he was sentenced to two life sentences in federal prison for running the Silk Road marketplace. This darknet exchange opened in February 2011 and allowed users to buy prohibited goods and services with bitcoins. In October 2013, Ulbricht was arrested in San Francisco by US intelligence agencies.
After him, Thomas White took over as administrator. During the trial in November this year, it became known that White earned £ 1.5 million from illegal activities. The court ruled that, in addition to a prison sentence, the offender would pay a fine of about 490,000 pounds sterling (about $ 667,000) in bitcoins.