For helping out the freedom of WikiLeaks founder Julian Assange from jail a decentralized autonomous organization (DAO) set up AssangeDAO has raised 12,569 Ether (ETH) or around $38.8 million at current costs.

On February 7 AssabgeDAO on its Twitter handle announced, “AssangeDAO has raised over 10,500 ETH. The DAO managed to find a significant amount of support for Julian. There is still a long fight ahead, but the support is strong.”

Assange is right now battling removal to the United States following a court deciding in December that overruled a British court ruling barring removal. He is as of now in a London jail where he has been locked up since 2019.

Donations began moving in on Friday, as indicated by JuiceBox, the community funding platform facilitating the mission. Financing sped up throughout the end of the week, multiplying throughout the course of recent hours to the current level.

As per the AssangeDAO Twitter handel, it is currently the biggest JuiceBox Ether raise ever, surpassing Constitutiondao's, which brought assets up in November to buy an original copy of the United States Constitution.

The correlation has been made in ETH terms, which was valued a lot higher in November. In those days, the dollar esteem raised by ConstitutionDAO was around $49 million.

AssangeDAO is depicted as a "collective of cypherpunks" meaning to bring ETH up as a trade-off for JUSTICE governance tokens. These will be utilized to offer on an NFT collection called "Controlled" by digital artist Pak as a team with Julian Assange.

The proceeds from the deal will go toward Assange's protection fund for "legal fees and campaigning to raise awareness about Julian’s extradition case."

The beginning of AssangeDAO started in a Telegram group in mid-December on the day that the U.S. government won its allure of a United Kingdom court deciding that banned Assange's removal. The official site states "if extradited to the United States, Assange faces 175 years in prison for publishing truthful information."

The idea was motivated by the FreeRossDAO, which raised $12 million to free Ross Ulbricht, founder of the dark web commercial center Silk Road.

Assange has been held in London's Belmarsh jail where he has been for the beyond three years. He had recently spent right around seven years stayed in the Ecuadorian Embassy in London, safeguarded by asylum status.

Joyashree Dey

CBW - External Analyst

INDIA