Ukraine Government Accept Donation in the form of NFTs.
NFT donations and sales will be accepted as war effort contributions by Ukraine’s Vice Prime Minister and Minister of Digital Transformation, Mykhailo Fedorov. In addition, the official “Aid for Ukraine” crypto fund accepts donations of bitcoin, money, and even non-fungible tokens (NFTs). According to the campaign’s website, more than $60 million has been raised thus far.
On the Aid for Ukraine website, you may see a list of products that have been donated, including weapons, medical supplies, and medical kits. Expenses had reached $45,103,538 as of April 14. Exchanges FTX and Kuna and the staking provider Everstake all contribute to the Aid for Ukraine platform’s power and efficiency.
Ukraine’s Ministry of Digital Transformation backs a number of NFT projects, including Russia For Sale, which sells Russian property in the form of NFTs, and Holy Water, which promotes Ukrainian NFT artists. Any NFT purchased from one of these organisations will go directly into the crypto wallet of The Ministry.
The new big update of @_AidForUkraine website. We’ve added the NFT section: now you can donate or buy NFTs. All funds as always will contribute to the Ukrainian victory. Ready, steady, NFT 👉 https://t.co/x7OscenXCz pic.twitter.com/Zo9hYufHSB
— Mykhailo Fedorov (@FedorovMykhailo) April 27, 2022
NFT Community Provides Aid For Ukraine
From collections like CryptoPunks and CREYZIES to TIMEPieces by Time Magazine to CREYZIES, the NFTs donated to “UkrainianCryptoFund” are available for auction in OpenSea. Unfortunately, you can only pay using Ether (ETH) for all of these offerings.
For humanitarian reasons, the Ukrainian government has welcomed digital assets, and many Ukrainians and Russians have had to learn about and accept cryptocurrencies in order to survive. As a result, people who have had first-hand experience with Bitcoin (BTC) and blockchain businesses have persisted despite the conflict.
Initially, Fedorov implied in a tweet on March 3 that the government may use NFTs to help support its military in the near future. Since then, Ukraine’s Ministry of Digital Transformation has established a virtual NFT museum to keep the memory of the fight alive.