Ukraine to Fund Armed Forces With NFT

We all know the current issue between Russia and Ukraine.

Within the few days of the crisis in Ukraine, it has affected the economy in some countries, particularly in PH.

The pandemic is almost over but then another crisis arises although it does not have a great effect worldwide but there is one thing that motorists are complaining about, the sudden oil price hike.

There are less than 400 OFWs in Ukraine and according to the latest news mandatory evacuation has been implemented. There is another batch of OFWs that have been repatriated safely on this day as of this writing.

According to the  New York Times, the US is considering not sending troops to fight for Ukraine as the latter is not a member of NATO alliance. The US instead has sent anti-tank and anti aircraft to Ukraine to strengthen the American military in NATO countries in the borders of Russia.

On March 3, the Vice Prime Minister of Ukraine, Mykhailo Fedorov,  tweeted an announcement that Ukraine will issue a non-fungible token to fund their armed forces. This is because cryptocurrency is becoming more and more popular in donating support to Kyiv. No further details have been said about NFT from Federov.

https://twitter.com/FedorovMykhailo/status/1499348177002151937

 The idea of NFT donation comes when Federov tweeted a request for donation in support to Ukranians in cryptocurrency specifically of bitcoin, ethereum and tether.

https://twitter.com/FedorovMykhailo/status/1497549813205848068

The Ukrainian government has now raised $54.7m according to the blockchain data analytics, Elliptic. More than 102, 000 cryptoasset has been donation to Ukraine since the invasion which includes the donation of Gavin Wood, co-founder of Polkadot,  amounting to $5.8m. In addition to the donations, the WikiLeaks founder, Julian Assange, has also donated the NFT sales amounting to $1.8m and wort $200, 000 has been donated too by CryptoPunk NFT. However, Elliptic also added that some scammers are taking advantage of the current issue by tricking users who are planning to donate to Ukraine.

Ukraine is also raising funds by other means. If you want to donate please click the link below.

I hope this crisis in Ukraine will end soon before it will lead to a more devastating event.  

https://www.comebackalive.in.ua

 https://www.youtube.com/watch?v=fZMRc-UyPm0

Thanks for reading. Ciao!

Lead image source credits to Subham Dhage

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