Silk Road founder Ross Ulbricht is forfeiting billions of dollars worth of Bitcoin (BTC) and other crypto assets to the US government. According to a new court filing, Ulbricht will relinquish any claim to over 69,000 BTC and undisclosed amounts of Bitcoin Gold (BTG), Bitcoin SV (BSV) and Bitcoin Cash (BCH) worth a combined $3 […]
The post $3,000,000,000 Worth of Bitcoin (BTC) Forfeited to US Government By Former Silk Road Founder appeared first on The Daily Hodl.
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 […]
The Ross Ulbricht Genesis non-fungible token (NFT) collection auction has come to an end and the auction winner was the “Free Ross DAO,” backed by the Pleasrdao project. The NFT collection raised 1,446 ether or $6.27 million at the time of settlement. Free Ross Decentralized Autonomous Organization Wins Ross Ulbricht’s NFT Auction, DAO Plans to […]
Two days ago on December 2, the Ross Ulbricht Genesis Collection auction of non-fungible token (NFT) assets kicked off at Art Basel Miami via the Superrare platform. The Ulbricht NFT collection auction ends on December 8, and so far the auction has seen a bid of 666 ether or roughly $2.6 million. Additionally the project […]
Polygon has ramped up its NFT gaming plans with GameOn partnership, Irishman producer launches NFT firm to fund movies, and the Silk Road founder‘s NFT drop has fetched bids higher than $1 million.
Bidding for a 1/1 NFT auction created by imprisoned Silk Road founder Ross Ulbricht has surpassed 261 Ether (ETH), $1.17 million at the time of writing.
The NFT depicts a hand-drawn illustration from Ulbricht of a psychedelic eye, and is part of a collection of writings and nine other artworks he created, some while in prison, that are included as part of the NFT sale. The auction kicked off on day one of the Art Basil Miami art fair on Dec. 2 and is being hosted by SuperRare.
The auction is set to conclude on Nov. 8 and proceeds from the sale will go towards a trust supporting Ulbricht’s fight to be freed from his double-life prison sentence, and will also help launch the donor-advised charitable fund Art4Giving that aims to help prisoners and their families.
In a blog post announcing the NFT drop, Ulbricht said that while his future looks bleak during his ninth year in prison without parole, he can do something positive to heal all the “damage” he sees around him.
Speaking of the Art Basil Miami art fair, Dmitri Cherniak the founder of the Ethereum-based and algorithmically generated NFT collection “Ringers” made an appearance out the front, offering to sell one of his NFTs worth $225,000 for a mere $20.
It is unclear if the move was in jest, or a genuine offer however Cherniak shared a picture of himself at the event with a note on his Ipad that read “Ringers #0 for sale for $20.” Despite the floor price for Ringers NFTs currently sitting at 50 ETH or $225,000 on OpenSea, the artist noted that nobody took him up on the offer.
Stood outside of the Art Basel convention center with a sign that said “Ringers #0 for sale for $20” and no one took me up on the offer. pic.twitter.com/2DWr7aml4A
— Dmitri Cherniak (@dmitricherniak) December 2, 2021
One user on Twitter noted that the stunt was similar to that of world-famous street artist Banksy, who has reportedly taken to the streets on multiple occasions to sell his art.
“This is just like Banksy selling on the streets and no one taking him up on it until he started slashing prices. Dmitri might have gotten a nibble from the normies at $5-10, they def ngmi,” user 5511 wrote.
Polygon (MATIC), the Ethereum-based layer-two scaling solution and its gaming unit Polygon Studios have entered into a strategic partnership with GameOn Entertainment Technologies Inc. to build NFT games.
GameOn is a U.S.-based sports prediction and gaming firm that caters to sports and media entertainment.
According to a Dec. 2 announcement, the deal will see GameOn launch a series of NFT games on the Polygon network, while Polygon Studios will provide non-dilutive funding for 50% of GameOn’s going product development costs.
The investment from Polygon Studios is part of a $100 million fund announced earlier this year that is focused on backing Web3 projects, with investments so far including DraftKings, DeFine and GameOn.
Related: Deadmau5 and Portugal The Man release single as 1M NFTs in bid to go platinum
GameOn stated in the announcement the partnership with Polygon Studios will significantly help the firm ramp up plans for the NFT sector.
“The Polygon Studios investment allows GameOn to offer the full stack of capabilities from the creation, minting and selling of NFTs, to the game layers it already deploys for white label customers such as prediction and fantasy games,” the announcement read.
Neils Juul, the executive producer behind Martin Scorsese’s hit film The Irishman, has created a new NFT company that aims to fund Hollywood films via NFT sales.
According to a Dec. 1 report from The Hollywood Reporter, Juul’s new firm is dubbed “NFT Studios” and already has plans to fund a new comedy-drama film from NFT sales called “A Wing and a Prayer.”
The movie will depict the real-life story of Brian Melton, who became the first man to circumnavigate the globe in an ultralight aircraft back in 1998. The film aims to feature A-list actors and is set to be shot in Malta and London by next April.
“We are in the middle of a great transition in the entertainment business where traditional ways of film funding and ownership are being uprooted due to the rapid rise of streamers and other digital platforms,” Juul told the publication.
On Thursday, Adidas announced it was entering the Metaverse in partnership with the Bored Ape Yacht Club creators Yuga Labs, gmoney NFT, and PUNKS Comic.
On the same day, registered investment adviser and fintech firm Defiance launched the first NFT-focused exchange-traded fund (ETF) on the New York Stock Exchange Arca. The fund is listed under the ticker symbol NFTZ and has a management fee of 0.65% per year.
Those who support him hope he raises enough money to fulfill his personal and charitable needs, while others don’t think he should be selling NFTs at all.
Ross Ulbricht, founder of defunct dark web marketplace Silk Road, has created a stir by announcing he will auction off his series of nonfungible tokens (NFT) starting Dec. 2.
The imprisoned early Bitcoin adopter announced via his supporter operated Twitter account on Dec. 1 his plans to auction the Ross Ulbricht Genesis Collection on Superare NFT marketplace from Dec. 2-8. The collection consists of 11 works of art Ulbricht handmade, then his supporters minted into NFT form.
The art was made in different stages of Ulbricht’s life from childhood up to his time in prison. The early works depict comic book characters and animals, while the later works depicts scenes from his court trial and inner feelings he has had since being imprisoned.
Proceeds from the auction will help fund a trust to support Ulbricht’s efforts to be freed from prison. Funds will also help launch the donor-advised charitable fund Art4Giving, which is “dedicated to relieving the suffering of the incarcerated and their families.”
Ulbricht has been a controversial character in the crypto space since he was sentenced to two life terms in federal prison in Oct. 2015 for operating the Silk Road marketplace. Silk Road opened on the dark web in Feb. 2011 and allowed users to purchase nearly anything with Bitcoin (BTC), including illicit substances.
The announcement sparked a blizzard of conflicting commentary from people on social media, some against Ulbricht’s decision, but most in support of his cause.
Related: Crypto's impact on sanctions: Are regulators' concerns justified?
One skeptical commenter, founder of bullbitcoin.com @francispouliot said that although he supports Ulbricht, “the fact that the insane and immoral NFT ponzi has now become fully normalized is deeply troubling.” Other Bitcoin maximalists also took exception to the entire concept of NFTs with @vladenhawk writing "I can tolerate the creation of international drug and weapons markets. But NFTS is where I draw the line."
Crypto Cobain, high-profile host of UpOnly TV, pointed out in support that although a few Bitcoin maximalists may be against Ulbricht minting NFTs, he was instrumental in generating early Bitcoin adoption.
There are bitcoin maxis trying to cancel @RealRossU for selling NFTs to raise money to charity for people incarcerated.
— cobie (@CryptoCobain) November 30, 2021
One tweet say “way to lose your fanbase”.
This man is in jail for life and did more for bitcoin than all of the laser eye cult combined.
Bidding Ross NFTs.
On December 2nd at Art Basel Miami, the very first Ross Ulbricht non-fungible token (NFT) collection will be showcased at the event and auctioned via Superrare. The proceeds from the auction will support Ross Ulbricht’s freedom efforts and a donor-advised fund called Art4giving, which helps support people who have incarcerated family members. 10 NFTs Featuring […]
As the end of 2021 nears, Ross Ulbricht remains in prison as he continues to serve his draconian double-life prison sentence for creating a website called the Silk Road. Ever since he was arrested, there’s been an ongoing effort to free Ulbricht, as a great majority of individuals and a large swathe of eminent organizations […]