Silk Road marketplace founder to kick off NFT Collection on Ethereum

The Genesis Collection, which is minted on Ethereum, will debut at the Miami Art Basel event in 2021.

Silk Road marketplace founder to kick off NFT Collection on Ethereum

Ross Ulbricht, founder of the defunct Silk Road marketplace, has announced via a Medium post that he will auction a line of NFTs detailing different points from his life, from childhood to prison.

The Genesis Collection, which is minted on Ethereum, will debut at the Miami Art Basel event in 2021.

On the SuperRare NFT platform, curated by Entoptic, the auction will run from December 2-8. Ten items from Ulbricht's collection will be on display, including original artwork, writings, and animation by digital artist Levitate, as well as a voice-over by Ulbricht himself.

In prison, Ulbricht wrote, "Suddenly, I had time for drawing again," he was 29 years old when he was arrested. The illustrations I produced helped me to tell the story I was going through, reconnecting me with my artistic side."

The NFT explosion took over crypto due to Ulbricht's incarceration in 2013. The Silk Road creator writes that he had no idea what digital tokens of ownership were when someone suggested selling his art as NFTs. He learned about them through others' assistance and began developing them.

FreeRoss.org, the website run by Ulbrich's mother Lyn, states that the NFT launch is intended to raise funds for prisoner support and Ulbricht's freedom campaign.

The proceeds from this auction can be used for a lot of things, but I have committed myself to help kids visit their parents in prison."

Dark website Silk Road was created by Ulbricht in 2011, where almost anything could be bought or sold with Bitcoin. Drugs were initially sold on the site, but later weapons and other contraband items were added. Ulbricht was arrested in 2013 and the site was closed.

According to court documents, Ulbricht was convicted in February 2015 of conspiracy to launder money, computer hacking, and narcotics trafficking. He was given two life sentences plus 40 years in prison.

Despite his grim future, Ulbricht wants to repair the harm he sees around him: "Prison shatters families. It shatters communities. And the children suffer."