2 years ago
A non-fungible token (NFT) of the Ukrainian emblem sold for 2,258 ETH (roughly $6.75 million) connected Wednesday, with the proceeds being sent to Come Back Alive, an enactment that donates supplies to Ukrainian civilians and subject members.
The merchantability was organized by UkraineDAO, a crowdfunding effort led by Russian creation corporate Pussy Riot and NFT workplace Trippy Labs to enactment Ukraine’s combat against Russia.
The winning bid for the 1-of-1 emblem NFT was placed connected behalf of a excavation of 3,271 donors done a work called PartyBid, wherever the DAO was capable to fundamentally acquisition the NFT from itself done donations from its members.
UkraineDAO says it volition airdrop amounts of its LOVE token to wallets that contributed to the sale, proportional to the ETH they donated.
The DAO says its tokens volition person “No inferior nor value, but are a beauteous testament and reminder of your publication to a noble cause,” according to its website.
The high-value NFT merchantability is conscionable the latest illustration of cryptocurrency being utilized to financially enactment the Ukrainian authorities successful caller days.
The country’s authorities has received implicit $40 cardinal successful crypto donations since tweeting out its ETH and BTC addresses connected Feb. 26, with NFT-based donations contributing astir $7 cardinal to that total.
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