Called “Stay Free”, the NFT is a digital work of art featuring the face of ex-intelligence Edward Snowden and a court order in the background.
Summary of the News
- Edward Snowden’s NFT was sold for approximately $ 5.4 million.
- All of the proceeds from the NFT sale go to the Press Freedom Foundation.
An NFT artifact produced by ex-intelligence Edward Snowden was sold in Ethereum for about $ 5.4 million.
Who is Edward Snowden?
Edward Snowden, the name behind the “Stay Free” NFT, remains unwanted in the US for leaking and publicizing data from the NSA (American National Security Agency). Snowden, who made a business contract with the NSA as a computer analyst in 2013, started leaking confidential documents to the press since then. Snowden was accused of espionage when this situation came to light. During this period, Russia granted Snowden the right of asylum and subsequently gave residence permit. Snowden, whose life was in danger in the USA, also started to live in Russia.
Snowden sold his NFT at the community-oriented NFT marketplace Foundation, where the Overly Attached Girlfriend NFT was sold for 200 ETH and the Nyan Cat animation for 300 ETH.
These amounts seem relatively insignificant considering the 2,224 ETH spent on Snowden’s first NFT, “Stay Free”.
NFT Revenue Goes to Press Freedom Foundation
NFTs are unique digital tokens that typically identify artworks, trading cards, or other collections. There is only one edition of “Stay Free”; In other words, the user @PleasrDAO, who won the auction, has a single copy of the work.
According to Snowden’s statement, the proceeds from the NFT sale will go to the non-profit Press Freedom Foundation, which was established in 2012 to develop open source communication and encryption tools. Edward Snowden also serves as the head of the foundation. Among the other important board members of the foundation; journalist Glenn Greenwald, John Cusack, and Vietnam reporter Daniel Ellsberg, known for transporting the Pentagon Papers to the New York Times.