Following Ross Ulbricht’s non-fungible token (NFT) sale that raised 1,446 ether or $6.27 million at auction, Ulbricht is dropping another NFT compilation called the “Growth Collection.” According to the announcement, the NFTs will be minted using the Bitcoin blockchain and will be auctioned at the Bitcoin22 conference in Miami on April 6-8.
Ross Ulbricht is preparing another NFT auction that includes four physical oil paintings and one hand-drawn animation
Ross Ulbricht is preparing to auction a new NFT collection on Satoshi Nakamoto’s birthday, according to an announcement sent to Bitcoin.com News. The latest NFT collection follows Ulbricht’s last NFT auction which was sold for 1,446 ether, or $6.27 million at the time of settlement. Pleasrdao acquired the specific collection, and later the collection was fractionalized. With a market cap of approximately $2.68 million, the fractionalized NFT-collections is 9th largest.
Ulbricht, who was involved in the Silk Road market and received a life sentence with no parole on October 1, 2022 will start his 10th year of imprisonment. The investigation into Ulbricht’s case was a travesty filled with controversy and rogue officers, and the following trial was considered by many to be a miscarriage of justice. Ulbricht and his family have been fighting for his freedom ever since, and currently Ulbricht has a clemency petition hosted on change.org that’s nearing 500K signatures as the petition currently has 474,438 signatures at the time of writing.
At the Bitcoin22 conference, which takes place in Miami from April 6-8th, the Ulbricht NFT collections will be available for bidding. The auction will take place on Satoshi Nakamoto’s birthday and instead of leveraging Ethereum, the Growth Collection will be minted on the Bitcoin blockchain via Counterparty. Scarce.City will auction the collection, which is both a Bitcoin (BTC)- and Lightning Network-native online auction site. The Growth Collection will include “four physical oil paintings and one hand-drawn animation and five corresponding Bitcoin NFTs with Bitcoin-tokenized certificate of authenticity (COA).”
Ross Ulbricht stated in a statement to Bitcoin.com News that he has been energized by his work on NFT projects. “We can look more broadly at making the whole system just, rather than focusing just on me,” Ulbricht said. “That is as it should be. There is a lot of work to do…All of this has brought a new spark to my life. Now I am able to find direction and purpose, and feel that I can contribute again. We can accomplish more by raising more money. I have put my heart, soul, and mind into this collection, and I am really looking forward to unveiling it to you.”
Do you have any thoughts about Ross Ulbricht’s NFT collection sales at Bitcoin22 in Miami? Please comment below to let us know your thoughts on this topic.
Image creditShutterstock. Pixabay. Wiki Commons
DisclaimerThis information is provided for educational purposes only. It does not constitute an offer, solicitation, or recommendation of any company, products or services. Bitcoin.com doesn’t offer investment, tax or legal advice. This article does not contain any information, products, or advice that can be used to cause or alleged result in any kind of damage.