Ukraine continues to use crypto and NFTs to fund the two-month long in progress Russia-Ukraine war.
Mykhailo Fedorov, Vice Prime Minister of Ukraine and Minister of Digital Transformation of state, tweeted that the Ukrainian government can accept war effort contributions within the style of nonfungible token (NFT) donations and purchases. Via the official "Aid for Ukraine" crypto fund, people will give cryptocurrency, edict and currently NFTs. up to now the initiative has raised over $60 million, per the website.
All funds go toward activity Ukrainians with weapons, medical gear, medical kits and other expenses printed on the help for state web site. Total expenses amounted to $45,103,538 by April 14. the help for state platform is powered by crypto exchanges FTX and Kuna, and by staking provider Everstake.
The Ministry of Digital Transformation of Ukraine is that the beneficiary organization of many NFT comes including Russia for sale, that sells Russian lands within the form of NFTs, and water, that supports native Ukrainian NFT artists, among others. those that purchase an NFT from one among the organizations can contribute on to Ministry's crypto wallet.
At the time of publication, the NFTs given by "UkrainianCryptoFund" and available to bid on in OpenSea come from collections like, CryptoPunks, mfers, MoonCats, TIMEPieces by Time Magazine, CREYZIES and Chubbiverse Frens. All of those collections only accept Ether (ETH) for payment.
Just as the Ukrainian government has absolutely embraced digital assets so as to support humanitarian efforts, therefore have several each Ukrainian and Russia voters had to familiarize themselves and settle for using crypto to support themselves. Cointelegraph spoke with some of the people that fully fledged the benefits of Bitcoin primary still with a number of the blockchain companies that are thriving amid war.
( Ornella Hernandez, Cointelegraph, 2022 )