What Is Silk Road Marketplace? We Explain Here

The first contemporary darknet bazaar, Silk Road was an online black market. It was run as a Tor hidden service as part of the dark web, allowing users to surf it safely and anonymously without worrying about traffic monitoring.

A marketplace is a venue where sellers can come together to offer their wares to a targeted clientele. A marketplace owner’s job is to connect the ideal sellers with the ideal customers in order to increase sales through a multi-vendor platform. In exchange for connecting the proper vendors and customers, the marketplace owner receives a commission from each sale.

The Silk Road website went live in February 2011 after six months of construction. New sellers had to bid on an account in an auction because there were initially few new seller accounts available. Later, each new seller account was subject to a set fee. Over 100,000 customers received items and services via Silk Road.

Former Silk Road admins launched Silk Road 2.0 on November 6th, 2013.  In the U.S. Federal Court in Manhattan, Ross William Ulbricht was found guilty on seven Silk Road-related counts and given a life sentence without the possibility of parole. The US government confiscated bitcoin linked to Silk Road valued at more over $1 billion in November 2020.

Digital Sales

According to data from 3 February 2012 to 24 July 2012, the Silk Road saw annual sales of $15 million. The study’s author, Nicolas Christin, stated in an interview conducted a year later that he would not be surprised to see a significant increase in volume to “somewhere between $30 million and $45 million.” All transactions were made using bitcoins (BTC), a cryptocurrency that offers some level of privacy to buyers and sellers.

A hedging mechanism allowed sellers to choose to fix the value of bitcoins held in escrow to their value in US dollars at the time of the sale in order to protect against Bitcoin’s volatility. Silk Road retained buyers’ bitcoins in escrow until the order had been received. Dread Pirate Roberts was responsible for any changes in the value of bitcoins that occurred while they were in route.

NSAV Announces Launch of NFT Marketplace

A non-fungible token (NFT) is a non-interchangeable unit of data stored on a blockchain, a form of digital ledger, that can be sold and traded. Types of NFT data units may be associated with digital files such as photos, videos, and audio.

MCAPMediaWire – Net Savings Link, Inc. (OTC Pink: NSAV), a cryptocurrency, blockchain and digital asset technology company, today announced that the Company is launching an NFT Marketplace in partnership with Vagabond. The launch further expands NSAV’s presence in the $25 billion global NFT market. The Beta version of the NSAV NFT Exchange will be launched next week.

The management of NSAV believes that the time is right for the Company to enter the lucrative NFT Marketplace arena and the partnership with Vagabond enables NSAV to take advantage of Vagabond’s legal and technological infrastructure. OpenSea, the world’s largest NFT Marketplace, was valued at $13.3 billion in its recent $300 million Funding Round.

Dr. Thomas Riegler, Vagabond CEO and Silverbear Capital partner stated, “We are proud that our valued Vagabond infrastructure is powering this unique NFT marketplace.  NFT has played a vital and dominant role recently in the blockchain arena, and I am thrilled to see that NSAV is taking advantage of this market space.”

Dato’ Sri Desmond Lim, Interim CEO and Senior Vice President of Cryptocurrency Operations for NSAV and Silverbear Capital partner stated, “This is truly an exciting time for NSAV and VAGABOND. This is the first of many promised projects NSAV will pursue with Vagabond. The performance of VAGABOND is truly amazing. NSAV and VAGABOND will be announcing additional joint projects in the weeks to come.”

About Vagabond:

Vagabond Company Logo

Vagabond Company Logo

Vagabond is a Blockchain-as-a-Service Platform that enables businesses to implement the benefits of Blockchain into their operations. We see a significant market potential that addresses the most notable challenges companies face in deploying blockchain solutions – the cost and time of implementation and adoption. Vagabond sets to build its community for individuals and supports users to experiment, learn or run their dApps (e.g. NFT Marketplace) based on the Vagabond platform. Vagabond’s primary strengths are predefined processes and modules that the user can use and adapt without writing a single line of source code.

For further information please contact Vagabond at

The Vagabond Twitter account can be accessed at

The Vagabond corporate website can be accessed at

About NSAV:

NSAV Company Logo

NSAV Company Logo

NSAV’s vision is the establishment of a fully integrated technology company, which provides turnkey technological solutions to the cryptocurrency, blockchain and digital asset industries. Over time, the Company plans to provide a wide range of services such as software solutions, e-commerce, financial services, advisory services and information technology.

For further information please contact NSAV at

The NSAV Twitter account can be accessed at

The NSAV corporate website can be accessed at

The NSAV Centralized Cryptocurrency Exchange (CEX) website can be accessed at

The NSAV CEX Twitter account can be accessed at

The NSAVDEX 1 Exchange website can be accessed at

The NSAVDEX 2 Exchange website can be accessed at

The NSAV Premium OTC Crypto Trading Desk website can be accessed at

The NSAV Hong Kong OTC Crypto Trading Desk website can be accessed at

The NSAVDEX Exchange Telegram account can be accessed at

Silverbear Company Logo

Silverbear Company Logo

Silverbear Capital Inc., a leading, global investment banking firm, will be advising NSAV on strategic matters relating to the Company’s cryptocurrency exchanges and OTC Crypto Trading Desks. Silverbear will also help guide NSAV in ensuring that its exchanges and OTC Desks are continually in compliance, given the rapidly increasing regulatory environment in the cryptocurrency industry.

Silverbear Capital Inc. (SBC) has a dynamic of disciplines on a broad commercial level and practice. SBC has a strong group of Partners in a wide range of disciplines with seasoned experience in finance, management, and professional practice.

Disclaimer: Silverbear Capital Inc. does not constitute investment advice, or an offer or solicitation to sell, or a solicitation to buy, or any other investment product (nor shall any such shares or product be offered or sold to any person) in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities law of that jurisdiction.

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbours created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Net Savings Link, Inc. to accomplish its stated plan of business. Net Savings Link, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward- looking statements included herein, the inclusion of such information should not be regarded as a representation by Net Savings Link, Inc. or any other person.


Net Savings Link, Inc.