Edward Snowden’s Charity Auction of ‘Stay Free’ NFT Sold for Nearly $5.5 Million

Edward Snowden’s Charity Auction of ‘Stay Free’ NFT Sold for Nearly $5.5 Million

Bitcoin supporter Edward Snowden, who is the president of Freedom of Press, held a charity NFT auction this week which was concluded late on Friday.

The digital artwork called “Stay Free” (Edward Snowden, 2021) was sold for 2,224 ETH, worth $5,384,548.64 to an anonymous PleasrDAO.

PleasrDAO, a decentralized autonomous organization (DAO) formed just a few weeks ago, was also the one that bought the Uniswap v3 launch video NFT for about $500k.

Now, it owns the unique, signed digital artwork that combines the entirety of a landmark court decision ruling the National Security Agency’s mass surveillance violated the law, with the iconic portrait of the whistleblower by Platon. It is the only known NFT produced by Snowden.

The auction of the non-fungible token was done by the NSA whistleblower Snowden on behalf of the non-profit organization Freedom of the Press Foundation, where he has been serving as president of the board of directors since 2016.

Snowden has been a vocal advocate for Bitcoin and cryptocurrencies to secure journalists, readers, and members of the general public. Snowden said,

“Emerging applications of cryptography can play an important role in supporting our rights. This auction will drive the development of valuable and privacy-protecting uses of encryption, to safeguard press freedom and serve the public.”

100% of the auction proceeds will be used to develop and improve technology that can protect journalists and their sources, like their open-source whistleblower submission system SecureDrop, said Trevor Timm, executive director of the organization.

Read Original/a>
Author: AnTy

Related Articles

Author: ICO Warz