Ukraine Raises Over $100,000 From Cryptopunk NFT Sale

2 years ago
Ukraine Raises Over $100,000 From Cryptopunk NFT Sale

The authorities of Ukraine has sold a Cryptopunk NFT donated successful enactment of the war-torn state a fewer months ago. The token has been purchased by an unidentified purchaser who spent much than $100,000 successful ethereum for the collectible, the country’s integer translation ministry said.

Ukraine Government Sells Donated Cryptopunk Token for 90 ETH

Ukrainian authorities person raised implicit $100,000 from the merchantability of a Cryptopunk non-fungible token (NFT), Minister of Digital Transformation Mykhailo Fedorov and his deputy, Alexander Bornyakov, announced connected societal media. The unsocial collectible was acquired by an chartless capitalist for 90 ethers (ETH).

Breaking quality connected crypto donations: #CryptoPunk #5364 has been sold for 90 ETH. It’s implicit $100K. Few months agone this NFT was donated for @_AidForUkraine fund. Crypto assemblage continues to enactment Ukraine.

— Alex Bornyakov (@abornyakov) June 20, 2022

The NFT, Cryptopunk #5364, was donated to the Aid for Ukraine crypto fundraising run successful aboriginal March. At the time, Bornyakov tweeted it was worthy 56 ETH but the terms of ethereum and different cryptocurrencies was importantly higher earlier the latest crypto marketplace slump.

The East European nation, a erstwhile Soviet republic, was invaded by its overmuch larger neighbor, Russia, successful the aboriginal hours of Feb. 24. The authorities successful Kyiv and a fig of unpaid organizations person since progressively relied connected crypto donations, including NFTs. The state has already collected millions of dollars to money its defence and humanitarian efforts.

A fewer months agone idiosyncratic donated #CryptoPunk #5364 for @_AidForUkraine. And present we sold it for 90 ETH/ implicit $100K. Just wanted to convey crypto assemblage for specified generous donations. With your assistance we are capable to enactment our defenders.

— Mykhailo Fedorov (@FedorovMykhailo) June 21, 2022

The planetary crypto assemblage continues to enactment Ukraine, Alex Bornyakov noted successful a tweet connected Monday, announcing the merchantability of the token from the Cryptopunk collection. “Just wanted to convey crypto assemblage for specified generous donations,” Mykhailo Fedorov, who besides serves arsenic Ukraine’s Vice Prime Minister, tweeted connected Tuesday.

Cryptopunks is an NFT postulation connected the Ethereum blockchain. Launched successful 2017, the task offered immoderate of the archetypal crypto collectibles. Cryptopunk #5364 is not the archetypal non-fungible token utilized to collect funds for Ukraine. In March, the merchantability of an NFT of the Ukrainian emblem raised implicit $6.7 cardinal successful ethereum.

You tin enactment Ukrainian families, children, refugees, and displaced radical by donating BTC, ETH, and BNB to Binance Charity’s Ukraine Emergency Relief Fund.

What bash you deliberation astir Ukraine’s determination to merchantability the Cryptopunk NFT now? Tell america successful the comments conception below.

View source