The second-most valuable NFT collection out there right now, the Bored Ape Yacht Club, donated $1 million to Ukraine.
It has been inspiring to see our community come together in support of Ukraine, and almost $1 million in ETH has been donated to them.
It's a nice gesture, considering the ongoing travesty unfolding in the Eastern European nation, but it doesn't say much about the overall merits of NFTs.
Russia started its invasion late last month, but Ukraine started accepting donations two days later. Donations in the form of cryptocurrencies are proving particularly helpful, with more and more Web3 and DAO communities pitching in.
The funds were already put to good use this week.
I can't tell because it's an ongoing war, and I can't remember exactly what we bought.
He appeared to list things that had been purchased.
We bought 400,000 military grade ration for our army, because they really need it.
Money can be moved through the conventional banking system.
You don't have to get approval from the bank system for those transactions, Bornyakov said during the discussion.
As of Tuesday, Elliptic says that Ukraine has raised more than $60 million in donations.
The community rushed to the defense of Ukraine. The nation's efforts to ward off Russian advances are being supported by NFT collectors, Web3 communities, and DAOs.
Bored Ape Yacht Club has donated $1 million in ether.
Rolling Stone is going to run a article about how great NFTs are.
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