Ukraine continues to leverage blockchain know-how to help its course within the battle with Russia. As we speak, the Ukrainian authorities has launched an NFT Warfare Museum to boost extra funds for its warfare efforts.
Ukraine’s NFT assortment is to go on sale in about 3 days
Mykhailo Fedorov, Ukraine’s minister for digital transformation, asserted that the initiative is meant to maintain the reminiscence of the warfare and rejoice Ukrainian identification.
Whereas Russia makes use of tanks to destroy Ukraine, we depend on revolutionary blockchain tech. Meta Historical past UA NFT-Museum is launched. The place to maintain the reminiscence of warfare. And the place to rejoice the Ukrainian identification and freedom, Federov stated through a tweet.
The challenge, named Meta Historical past, is basically a blockchain-based chronicle of the Russian invasion of Ukraine. The gathering will function digital artwork items created by Ukrainian artists for the reason that warfare started. Every artwork piece will even carry tales from trusted information sources.
The primary drop from the challenge might come as quickly as Tuesday in response to a countdown on the internet interface of the challenge. Reviews additionally point out that every NFT piece would have a price ticket of 0.15 ETH (about $466 by the present market worth of ETH). Proceeds from the sale will go on to the ministry of digital transformation.
Crypto has been taking part in a helpful function for the war-torn nation. For the reason that Russian invasion started in February, donations in crypto have been pouring in to help the nation’s navy and residents. Per information from SlowMist’s dashboard, the full donations to Ukraine stand at $96,523,983.3. Round $63 million of this quantity was despatched on to the Ukrainian authorities’s official pockets.
Deputy minister of digital transformation, Alex Bornyakov, revealed that the donations have been extraordinarily useful in funding the navy.
Crypto belongings proved extraordinarily useful in facilitation of funding flows to the Amed Forces of Ukraine. Big due to everybody who donated to the Crypto Fund of Ukraine.
Each helmet and vest purchased through crypto donations is at present saving Ukrainian soilders’ lives. pic.twitter.com/CghDmXEcJG
— Alex Bornyakov (@abornyakov) March 11, 2022
Ukraine’s president, Volodymyr Zelensky, has additionally signed a bill to present cryptocurrencies authorized standing just lately.
Is the warfare accelerating crypto adoption?
Many market commentators have opined that the Russia Ukraine disaster can have the impact of fast-tracking the adoption of cryptocurrencies. The newest to remark was Larry Fink, the CEO of BlackRock, who stated that the warfare was going to make international locations re-examine their dependence on conventional funds infrastructure.
In the meantime, the crypto market has seemingly shrugged off considerations over the warfare and has been surging. The crypto market capitalization has once more crossed $2 trillion. Bitcoin, the market-leading cryptocurrency, is up 25% within the final month and is at present buying and selling at round $44,300.
Disclaimer
The introduced content material might embody the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability to your private monetary loss.
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