2 years ago
Ukraine continues to usage crypto and NFTs to money the two-month agelong ongoing Russia-Ukraine war.
Mykhailo Fedorov, Vice Prime Minister of Ukraine and Minister of Digital Transformation of Ukraine, tweeted that the Ukrainian authorities volition accept warfare effort contributions successful the signifier of nonfungible token (NFT) donations and purchases. Via the authoritative "Aid for Ukraine" crypto fund, individuals tin donate cryptocurrency, fiat and present NFTs. So acold the inaugural has raised implicit $60 million, according to the website.
All funds spell toward supplying Ukrainians with weapons, aesculapian gear, aesculapian kits and different expenses outlined connected the Aid for Ukraine website. Total expenses amounted to $45,103,538 by April 14. The Aid for Ukraine level is powered by crypto exchanges FTX and Kuna, and by staking supplier Everstake.
The caller large update of @_AidForUkraine website. We’ve added the NFT section: present you tin donate oregon bargain NFTs. All funds arsenic ever volition lend to the Ukrainian victory. Ready, steady, NFT https://t.co/x7OscenXCz pic.twitter.com/Zo9hYufHSB
— Mykhailo Fedorov (@FedorovMykhailo) April 27, 2022The Ministry of Digital Transformation of Ukraine is the beneficiary enactment of respective NFT projects including Russia For Sale, which sells Russian lands successful the signifier of NFTs, and Holy Water, which supports section Ukrainian NFT artists, among others. Those who bargain an NFT from 1 of the organizations volition lend straight to Ministry's crypto wallet.
At the clip of publication, the NFTs donated by "UkrainianCryptoFund" and disposable to bid connected successful OpenSea travel from collections specified as, CryptoPunks, mfers, MoonCats, TIMEPieces by Time Magazine, CREYZIES and Chubbiverse Frens. All of these collections lone judge Ether (ETH) for payment.
Just arsenic the Ukrainian authorities has afloat embraced integer assets successful bid to enactment humanitarian efforts, truthful person galore some Ukrainian and Russia citizens had to familiarize themselves and judge utilizing crypto to enactment themselves. Cointelegraph spoke with immoderate of the radical who experienced the advantages of Bitcoin firsthand as good with immoderate of the blockchain companies that person been thriving amid war.
Related: Binance announces crypto paper for Ukrainian refugees
Fedorov archetypal signaled successful a tweet connected March 3 that the authorities would soon beryllium utilizing NFTs to assistance wage for its military. Since then, the Ministry of Digital Transformation of Ukraine has also launched a virtual NFT gallery to support live the representation of war.
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