The government of Ukraine is raising funds by selling non-fungible token based on the current invasion of the country by Russia. The Minister of Digital Transformation Mykhailo Fedorov announced the collection's launch on the social networking site.
A news item about every substantial event of the war and an illustration from an artist are included in the collection. The first of 54 NFTs will go on sale next week, covering the first three days of the war. The project is built on a sales platform.
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
An earlier plan to give free token to people who donated toUkraine has been replaced by the NFT. Vice reported that the plan suffered from a scam and complaints that not all donors would receive the token. There is no plan to give earlier donors an advantage in the sale of the new NFTs.
Both sides of the war have used cryptocurrencies, but the Ukrainians have used it to circumvent banks and local currency limitations to raise money. The Ukrainian government said it raised $54 million in the first three weeks of trading in cryptocurrencies.