The Government of Ukraine is now raising funds by trading non-fungible tokens (NFTs) based on the timeline of the Russian invasion of the country. Ukraine Minister of Digital Transformation Mykhailo Fedorov announced the collection’s launch on Twitter, boasting that “while Russia uses tanks to destroy Ukraine, we rely on revolutionary blockchain tech.” All raised funds will go to the Ministry of Digital Transformation to support the “army and civilians” of Ukraine.
While Russia uses tanks to destroy Ukraine, we rely on revolutionary blockchain tech. @Meta_History_UA NFT-Museum is launched. The place to keep the memory of war. And the place to celebrate the Ukrainian identity and freedom. Check here: https://t.co/IrNV0w54tg
— Mykhailo Fedorov (@FedorovMykhailo) March 25, 2022
There Are a Total of 54 NFTs Based on the Timeline of the Russian Invasion
The collection, titled “Meta History: Museum of War,” associates blockchain tokens with a statement item about “every substantial event of the war” and an illustration from an artist. A total of 54 NFTs based on a timeline of the Russian invasion are currently listed, covering the first three days of the war in late February, with the first going up for sale early next week. The project is built on an NFT sales platform from blockchain company Fair.xyz.
The NFT launch, which was declared earlier in March, substitutes an earlier plan to “airdrop” free tokens to people who had contributed cryptocurrency to Ukraine. As chronicled by Vice, the airdrop plan suffered from a copycat scam and objections that not all crypto donors would acquire the tokens. There’s presently no stated plan to give earlier donors an edge in the sale of the new NFTs based on a timeline of the Russian invasion.
Ukraine is Hoping on the Trend of Crypto to Support its Military
Todays’ digital currency has played a role on both sides of the war, but Ukraine in particular has used it to bypass banks and local currency limitations, as well as capitalize on crypto publicity to solicit donations. The Ukrainian government has said it raised $54 million (which might be a significant understatement according to a different estimate) in cryptocurrency within the first three weeks.
Read more: Ukraine Legalizes Cryptocurrencies
Source: The Verge