Morgan Chittum

<div id="highlights-block_61b386f78fbd6" class="highlights">
 <ul>
 <li>A group of 1,320 crypto investors, who formed the FreeRossDAO, raised over $12 million to win the auction</li>
 <li>Proceeds from the NFT auction will go towards charity, according to Ulbricht</li>
 </ul>
 
</div>



Ross Ulbricht, a renowned bitcoin proponent who was sentenced to life in prison after founding controversial e-commerce website Silk Road, sold his first NFT at auction for $6.3 million worth of ether on Thursday.&nbsp;



&#8220;I am floored,&#8221; Ulbricht <a href="https://twitter.com/RealRossU/status/1469373599417053186?s=20" target="_blank" rel="noreferrer noopener">tweeted</a> on his account run by a loved one on Friday. &#8220;I feel like I have a new purpose now. The auction exceeded all expectations.&#8221;



Over a thousand crypto investors, dubbed the FreeRossDAO, galvanized to free Ulbricht, raising over $12 million to win the auction. The nascent DAO, a decentralized autonomous organization, used half the funds raised for the blockchain-based digital collectible.



“This is just the beginning,” the DAO said in a <a href="https://twitter.com/FreeRossDAO/status/1468902274256756740?s=20" target="_blank" rel="noreferrer noopener">tweet</a>. “Buying this NFT has not freed Ross. We still have a long way to go to seek justice and rectify his disproportionate sentence of double life imprisonment as a first-time, non-violent offender.”&nbsp;



The DAO, which formed on Dec. 2 after the NFT collection was <a href="https://cms.blockworks.co/the-incarcerated-silk-road-founders-nft-collection-and-the-dao-trying-to-save-him/" target="_blank" rel="noreferrer noopener">announced</a>, describes its mission as “[uniting] in solidarity for Ross, gathering funds to buy his <a href="https://superrare.com/artwork-v2/ross-ulbricht-genesis-collection-30841" target="_blank" rel="noreferrer noopener">Genesis Collection</a> and protesting the injustices of the American prison system.”&nbsp;&nbsp;



The leftover funds that weren’t spent in the auction will stay in the group’s treasury and be managed by contributors of the DAO. Members received a $ROSS token to vote on how funds will be used — necessary for the “autonomous” component of a functioning DAO.



<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" src="https://blockworks-co.imgix.net/wp-content/uploads/2021/12/Perspective_Ross_Drawing_HD-1-1024x744-1.jpg" alt="" class="wp-image-12426" width="839" height="609"/><figcaption>“Perspective” is a graphite pencil drawing created in prison; Source: <a href="https://superrare.com/artwork-v2/ross-ulbricht-genesis-collection-30841" target="_blank" rel="noreferrer noopener">Ross Ulbricht Genesis Collection</a></figcaption></figure>



“We really want to get this bootstrapped, started and get the community together to essentially fight for the freedom of Ross but also to fight for fixing this broken prison system,” a member of the DAO, who goes by <a href="https://twitter.com/_jamiis?s=20" target="_blank" rel="noreferrer noopener">“Jamis”</a>, said in a Twitter space on Dec. 1.&nbsp;



The Ross Ulbricht Genesis Collection consists of artwork he has done as a child and later behind bars, which he described as a depiction of “his [life] story” in a <a href="https://rossulbricht.medium.com/my-nft-f2b4a9f1955c" target="_blank" rel="noreferrer noopener">blog post.</a>&nbsp;



Proceeds from the collection are going to charity, according to Ulbricht&#8217;s mother, Lyn. “Ross wants to use his art to help people. And we’re starting out with helping the incarcerated [and their families with] the suffering they go through,” she said in the same Twitter space.



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