Connect with us

NFT

Ross Ulbricht Genesis Auction NFT Auction Sees Millions in Ethereum Bids

Ross Ulbricht Genesis Collection NFT Auction Sees Millions of Dollars in Ethereum Bids

On December 2, Ross Ulbricht Genesis Collection’s auction of non-fungible token assets (NFT) was launched at Art Basel Miami via Superrare. 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 Pleasrdao aims to up the ante as the “Free Ross DAO” bidding on the collection has raised 1,042 ether or $4.2 million to date.

Ross Ulbricht NFT Auction Eyes Millions in Ether

During the third week of November, Bitcoin.com News reported on the Ross Ulbricht Genesis Collection auction taking place at the start of Art Basel in Miami. The auction was initiated on the Superrare NFT marketplace platform and the collection is an assortment of ten artworks by Ross Ulbricht.

“Curated by Entoptic, this is the first and only NFT to include Ross Ulbricht’s personal work,” the announcement detailed. So far, the Ulbricht NFT collection has seen significant demand and to date, Superrare stats show a bidder dubbed “@toxicbitcoinmaxi outbid @starrynight” with a bid of 666 ether on December 3. This is more than $2.6million USD at current ether exchange rates.

Ross Ulbricht Genesis Collection NFT Auction Sees Millions of Dollars in Ethereum Bids
The Ross Ulbricht NFT artwork called: “The Trial I Saw.” Graphite pencil drawing created in prison. This creative interpretation is based on Ross’s perception of the trial through his mask.

After the bid of 666 ETH, the Twitter account that belongs to the creative director at Swan Studios, Brekkie, told his 40,000 Twitter followers that Ulbricht’s NFT art was beyond inspiring.

“Ross’s artwork is beautiful and his perspective on life, despite everything, is beyond inspiring,” Brekkie tweeted. “I hope that he will one day be able to enjoy the freedom so many of us take for granted every day. Yes, I oppose the ethereum et all, but we are all human, Ross more so .”

On Saturday December 4, 2021, Ulbricht’s clemency petition hosted on change.org is 42,833 signatures away from reaching a half million signatures.

The ‘Free Ross DAO’ Contender

In addition to the bid by “@toxicbitcoinmaxi” on Superrare, Ulbricht’s NFT collection could be purchased by the Pleasrdao project that plans to fractionalize the artwork.

“Ross Ulbricht founded Silk Road, introduced hundreds of thousands to crypto, and received a disproportionate prison sentence of two lifetimes plus 40 years,” the Pleasrdao’s “Free Ross DAO” initiative explains. Today we stand in solidarity with Ross and raise funds to purchase his Genesis Collection. We also protest the injustices of American prison system .

At the time of writing, the “Free Ross DAO” has collectively raised 1,042 ETH or $4.2 million in USD value. The manifesto of the autonomous decentralized organization states that “We will Free Ross.” We will promote prison reform. We will share Ross’s work with the world and give everyone a unique opportunity to own a piece of it.” Ulbricht too has said that he hoped to lend a hand to his fellow prisoners, and his “art is one way” he can help.

What do you think about the Ross Ulbricht Genesis NFT Collection auction? Please comment below to let us know your thoughts on this topic.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Ross Ulbricht NFT Collection,

Disclaimer: This article is for informational purposes only. This article is not intended to be a solicitation or offer to buy or sell any products or services. Bitcoin.com does not provide investment, tax, legal, or accounting advice. The author and the company are not responsible for any loss or damage resulting from or in connection to the content, goods, or services discussed in this article.

Read More

NFT

VAST Completes Private Investor Round and Prepares to Launch First-Ever EngagementFi(tm), NFT Platform

press release

PRESS RELEASE. Miami, FL – VAST, the multimedia NFT marketplace that dropped the first-ever NFT sitcom featuring Snoop Dogg and The Harlem Globetrotters, has announced the completion of their strategic private investment round with leading blockchain venture capital firms: GHAF Capital, NGC Ventures, Skyman Ventures, Infinity Ventures Crypto, and Spartan Protocol.

The VAST backers consist of visionaries who are leaders in the blockchain space and whose portfolios make up much of the backbone for blockchain infrastructure. Huobi Ventures and Polygon Studios are the initial seed investors. Michael Jurkovac (VAST CEO and co-founder) says, “We are so grateful to our investors that support the future of VAST.” We are able to offer amazing experiences and opportunities for creators with their support

“As the metaverse phenomenon grows, the potential for VAST – and the celebrity metaverse it is creating, is huge,” Sandeep Nailwal, Co-Founder and COO of Polygon says.

The exciting news about the private round comes on top of VAST’s decentralized blockchain Polygon securing a credit-card integration to their platform. This is the first time for any platform on Polygon. This integration allows VAST users to easily buy MATIC, Polygon’s digital currency, with their credit card. They can also purchase NFTs using this integration.

VAST will now be able to finalize their next product, VAST EngageFi(tm), which is the first decentralized “Engage to earn” NFT platform. Creators will be able to drop NFTs and deliver value directly to their fans by using VAST EngageFi(tm). In the coming weeks, more details about VAST EngageFi(tm), will be revealed.

“VAST was one of my most exciting investments in the last three years,” states Hubertus Thunhauser, partner at GHAF Capital ,. “I can’t WAIT to see this platform, who cares so deeply about creating a better economic environment for artists, create a new rewards-ecosystem that includes creators, collectors, and media .”

ABOUT VASTx

VAST, the first premium multimedia platform to sell and buy rare NFTs, is now available. VAST was developed to help Creators, Influencers, and Brands build deeper engagement with their social network by launching NFT-Enhanced Content through online channels they own and control. VAST has generated more than 5 billion audited media impressions to date for content on its platform. This includes media from top sites such as ESPN, Vogue and Vanity Fair, GQ. Architectural Digest, Harper’s Bazaar, and GQ.

For more information about VAST, follow the project on Twitter and Instagram.


This is a press release. This is a press release. Readers are responsible for their own research before making any decisions about the promoted company, or any of its affiliates. Bitcoin.com does not assume any responsibility for any loss or damage caused by the content, goods, or services mentioned in this press release.

Bitcoin.com Media

Bitcoin.com is your best source for all things crypto-related.
For press releases, sponsored posts and podcasts, contact ads@bitcoin.com

Image Credits: Shutterstock, Pixabay, Wiki Commons

Read More

Continue Reading

NFT

Singapore High Court Injunction Blocks Sale or Transfer of BAYC #2162 NFT

The Singapore High Court has granted a court injunction which stops or blocks the sale of a Bored Ape Yacht Club (BAYC) non-fungible token (NFT) that one man claims was wrongfully taken away from him.

NFT Used as Collateral

A Singapore man has won a court injunction that blocks the sale or potential transfer of a Bored Ape Yacht Club (BAYC) non-fungible token (NFT) that he claims to be rightfully his. According to a report, the NFT is currently in the possession of an online lender named Chefpierre.

The man, who has been identified by the Strait Times (ST) as Janesh Rajkumar, is seeking to recover the BAYC 2162 NFT which he pledged as his security for a loan obtained from Chefpierre. Rajkumar claimed the NFT was wrongfully taken from him.

The Bored Ape Yacht Club NFTs are popular with celebrities, some of whom have paid large sums of money to acquire them. The ST report notes Madonna is the latest celebrity to become the owner of a BAYC non-fungible token, after she reportedly paid 180 ETH.

BAYC’s Rare Attributes

Detailing the NFT’s uniqueness, Rajkumar argued the collection is rare even among BAYC NFTs because it has attributes that enable the holder to create another exclusive series. Leveraging the NFT’s rarity and high value, Rajkumar was able to use the BAYC as collateral when borrowing.

In his arguments before the Singapore High Court, Rajkumar insisted his loan agreement with Chiefpierre stipulated he was not relinquishing ownership of the NFT. In the event he failed to pay back on time, Rajkumar would inform the lender who then had to provide a reasonable extension of the repayment period.

The agreement also specified that the lender could not exercise the foreclose option, Rajkumar argued.

What are your thoughts on this story? Tell us what you think in the comments section below.

Terence Zimwara

Terence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route.

Image Credits: Shutterstock, Pixabay, Wiki Commons, mundissima

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Read More

Continue Reading

NFT

Dvision Network Announces New Land Staking Feature to Bolster Virtual Plot Utility

press release

PRESS RELEASE. The Dvision Network has recently announced the new ‘LAND Staking Feature‘ in their Dvision Metaverse, with the development being finalized to present a new use case to the virtual plot owners. Officially, Dvision LAND NFT users can now stake their plot and receive DVG points or additional NFT items through the new LAND staking program. This is a crucial component of the entire project and its ecosystem as Dvision currently has about 10,000 LAND owners, as a result of 3 finalized rounds of the LAND Sales, eager to deliver fascinating and advanced content to Dvision World.

Important details to note

Dvision Network launched a new NFT staking solution to improve the usability of the digital plots, and the team has hence already completed three successful LAND sales across several platforms. Furthermore, over 10,000 LANDs have been sold through platforms such as Shopify, Binance NFT, OpenSea, and NFTb.

The LAND staking function, in fact, is the first utility to link to virtual plots before the formal launch. The ‘MetaCities’ will use the LANDs to eventually introduce content created by individuals within Dvision Metaverse.

What else is there to know?

The Dvision team created DVG (Dvision Gold) a new rewards program. This is a digital reward currency which is needed to improve PETs and allow consumers to use P2E (Play to Earn) in Dvision World. The staking period can be broken down into three stages: one month, three and six months. Users will get a higher payoff if they stake longer. ‘Random Building Boxes’ will also be distributed beginning with the 90-day staking period. There is no difference in the type of building. However, users will always receive one regardless of whether they open a random box.

It is worth mentioning Dvision Network’s technological advancements in recent times. They have integrated Coinbase Wallet and Bitski with Wallet Connect, Wallet Connect, and Fortmatic which allow their metaverse users to have a simplified and varied access to their virtual world. Dvision Network previously announced that they are going completely on-chain and integrating Filecoin and IPFS data storage solutions to securely store their data.

About Dvision

Dvision Network, a blockchain-enabled NFT network, aims to be the best in business. Dvision utilizes its VR technology to create a cutting-edge metaverse environment that is accessible to all users worldwide. Designers, companies and all users can enjoy a dynamic and rewarding metaverse experience. Visit Dvision’s website, Medium, Telegram and Twitter channels for additional information and frequent updates.


This is a press release. This is a press release. Readers are responsible for their own research before making any decisions about the promoted company, or any of its affiliates. Bitcoin.com does not assume any responsibility for any loss or damage caused or alleged by the use or reliance of any content, goods, or services mentioned in this press release.

Bitcoin.com Media

Bitcoin.com is your best source for all things crypto-related.
For press releases, sponsored posts, podcasts, and other options, contact ads@bitcoin.com

Image Credits: Shutterstock, Pixabay, Wiki Commons

Read More

Continue Reading

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.