Ukraine's Government Launches 'Museum of War' NFT Collection
The Ukrainian
government has launched a "Museum of War" non-fungible token (NFT)
collection. All sale proceeds will go directly to the official crypto wallets
of the Ministry of Digital Transformation of Ukraine to support the army and
civilians, according to the museum website set up by the government.
The
Government of Ukraine’s NFT Collection
The
government of Ukraine has launched a non-fungible token (NFT) collection called
"Meta History: Museum of War" to raise funds in its fight against
Russia.
Mykhailo
Fedorov, vice prime minister of Ukraine and the country’s minister of digital
transformation, tweeted announcing the launch of the NFT collection on Friday.
Fedorov first
announced the Ukrainian government’s plan to launch NFTs to support Ukrainian
armed forces on March 3 after the government canceled a planned token airdrop.
On March 14,
the Ukrainian government launched an official website to collect donations in
cryptocurrencies. President Volodymyr Zelenskyy subsequently signed the law on
virtual assets to regulate the crypto market in Ukraine.
The Russian
Invasion enters Day 32
The
devastation of Ukraine continues as the war enters day 32. Russian missile
attacks on Ukraine’s cities have reduced the buildings to massive piles of
rubble. As the Ukraine situation worsens and the rest of the world watches in
horror, digital currency has become the besieged country's only hope.
The Ukrainian
government, in collaboration with cryptocurrency startups FTX and Everstake,
has already created a website since last week to direct payments to Ukraine's
central bank as it fights a disastrous Russian invasion. Users can donate in
ten different crypto currencies on the "Aid for Ukraine" website,
including Bitcoin, Ether, Tether, and Dogecoin.
"Cryptocurrencies
play a significant role in Ukraine's defense," Oleksandre Borniakov,
Ukraine's deputy minister of Digital Transformation, said in a statement.
"Cryptocurrency assets have proven to be extremely valuable in facilitating the flow
of funding to Ukrainian citizens and soldiers and in raising awareness and
interest among the global public," he added.
Since Russia
invaded Ukraine on February 24, it is estimated that funds amounting to more
than $100 million in cryptocurrency has been donated to the Ukraine government,
as per the data compiled and released by the blockchain tracker Elliptic.
Ukraine's
Government Launches 'Museum of War' NFT Collection
The mission
of the Museum of War NFT project is "To preserve the memory of the real
events of that time, to spread truthful information among the digital community
in the world, and to collect donations for the support of Ukraine," its
website explains.
The NFT
collection website further details that the collection presents "A
chronology of events of the Ukrainian history of modern times, set in stone …
The NFTs are facts accompanied by personal reflections."
Fair.xyz
built the collection website for the Ukrainian government and assembled the
first sale that is planned for next Wednesday. The sale is expected to raise
between $2 million and $3 million. It will feature 5,000 to 7,000 NFTs priced
at around $450 each, Forbes reported, adding that they will be sold over the
Ethereum blockchain.
The official Twitter account for the NFT collection explained: "Our war line includes every substantial event of the war … All the NFTs will be sold in chronological order. Their content will be hidden until the NFT is sold."
0 Comments