The Ukrainian government has launched a website for NFT (non-fungible token) donations in an attempt to raise funds to aid the country’s military forces against ongoing conflict with Russia.
Supporting the Ukrainian Military With NFT Donations
The new marketplace, which comes with an ETH address for everyone wishing to donate, will host a wide range of NFTs, including the popular MoonCat collection and the Ethereum-based CryptoPunks.
So far, the Ukrainian government has received over US$100 million from crypto donations, an amount acquired shortly after digital assets exchange Kraken and the Bored Ape Yacht Club (BAYC) joined the charitable efforts last month.
The proceeds were largely used to buy the necessary military equipment for Ukraine’s military arm, including bulletproof vests, medicine, and general supplies.
Blockchain, crypto and NFTs will not stop missiles, said Alex Bornyakov, the Deputy Minister of Digital Transformation of Ukraine, “but [they] do offer a way to protect our defenders and rebuild Ukraine as an innovation-friendly country”:
Despite wanting to attract crypto donations, the wider community remains baffled by the recent news of the Ukrainian government limiting crypto purchases for its citizens. As Crypto News Australia reported last week, the National Bank of Ukraine has prohibited its citizens from buying more than 100,000 UAH (approximately US$3,400) worth of crypto per month.
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