{"id":48945,"date":"2022-06-21T14:13:47","date_gmt":"2022-06-21T12:13:47","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=48945"},"modified":"2022-06-21T14:13:47","modified_gmt":"2022-06-21T12:13:47","slug":"ukraine-raises-100k-selling-cryptopunk-nft-to-aid-war-efforts","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/ukraine-raises-100k-selling-cryptopunk-nft-to-aid-war-efforts\/","title":{"rendered":"Ukraine Raises $100K Selling CryptoPunk NFT to Aid War Efforts"},"content":{"rendered":"<p style=\"text-align: justify\">In an effort to raise funds against its war with Russia, <strong>Ukraine<\/strong>, has sold a <strong>CryptoPunk NFT<\/strong> for <strong>90 Ethereum (ETH)<\/strong> approximately <strong>$100,000<\/strong>. Ukraine had received the <strong>CryptoPunk 5364 NFT as a donation<\/strong> in early March during its fundraising campaign amidst the war.<!--more--><\/p>\n<p style=\"text-align: justify\">Non-fungible tokens (NFT) have gained a stance of key importance in the ever evolving crypto technology. NFTs have become not only a platform for artists to showcase their digital artwork but a <strong>substantial investment tool<\/strong>. The digital collectible sector has embellished itself as a, <strong>&#8216;hot bed of capital inflow&#8217;<\/strong>. Since its inception, the NFT industry has witnessed tens of millions in sales every month. The burgeoning NFT space has also become a highly contested platform to <strong>raise funding<\/strong> for various purposes.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Breaking news on crypto donations: <a href=\"https:\/\/twitter.com\/hashtag\/CryptoPunk?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#CryptoPunk<\/a> #5364 has been sold for 90 ETH. It&#39;s over $100K. Few months ago this NFT was donated for <a href=\"https:\/\/twitter.com\/_AidForUkraine?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@_AidForUkraine<\/a> fund. Crypto community continues to support Ukraine.<\/p>\n<p>&mdash; Alex Bornyakov (@abornyakov) <a href=\"https:\/\/twitter.com\/abornyakov\/status\/1538937461816033281?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">June 20, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2 style=\"text-align: justify\">Ukraine Betting Big on NFTs<\/h2>\n<p style=\"text-align: justify\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-48958 size-full\" src=\"https:\/\/crypto-economy.com\/wp-content\/uploads\/2022\/12\/2_11-12.jpg\" alt=\"Ukraine Raises $100K Selling CryptoPunk NFT to Aid War Efforts\" width=\"930\" height=\"345\" \/><\/p>\n<p style=\"text-align: justify\">On June 20, <strong>Alex Bornyakov<\/strong>, deputy minister of digital transformation of Ukraine, announced the sale of a CryptoPunk 5364 NFT for 90 ETH raising more than $1,00,000. The NFT was donated to Ukraine as part of its its crypto fundraising campaign, <strong>&#8216;Aid For Ukraine&#8217;<\/strong>, in March 2022. The digital artwork was over <strong>$2,60,000,<\/strong> when it was first transferred to Ukarine&#8217;s <a href=\"https:\/\/crypto-economy.com\/ethereum-drops-8-in-a-crash-eth-prices-may-retest-1k\/\" target=\"_blank\" rel=\"noopener\">ethereum<\/a> wallet before ETH started to decline drastically.<\/p>\n<p style=\"text-align: justify\">Preceeding this transaction, a <strong>NFT of the Ukrainian flag<\/strong> was sold for <strong>2,258 ETH<\/strong> (roughly $6.75 million) by <strong>UkraineDAO<\/strong>, a crowdfunding effort led by Russian art collective Pussy Riot and non-fungible token studio Trippy Labs to support Ukraine\u2019s humanitarian crisis. According to the Ukranian government, the cryptocurrency fund assists the country in purchasing non-lethal goods such as protective vests and medical kits.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83c\uddfa\ud83c\udde6 2250 ETH \/ $6.75M USD CONTRIBUTED TO THE UKRAINIAN FLAG NFT \ud83c\uddfa\ud83c\udde6 <\/p>\n<p>Thank you to all who supported our project \ud83d\ude4f<\/p>\n<p>Next steps: POAP for all those who donated to partybid, work with Come Back Alive on safely transferring funds<\/p>\n<p>You may still donate ETH directly to ukrainedao.eth <a href=\"https:\/\/t.co\/GsQBLzHIVK\" target=\"_blank\">pic.twitter.com\/GsQBLzHIVK<\/a><\/p>\n<p>&mdash; UkraineDAO.ETH (@Ukraine_DAO) <a href=\"https:\/\/twitter.com\/Ukraine_DAO\/status\/1498997683683348481?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">March 2, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\">As per Bornyakov, the crypto fundraising is also used to buy military equipment and fund media activities. He said that the crypto assets <strong>proved extremely helpful<\/strong> in facilitation of funding to the Armed Forces of Ukraine. Bornyakov remarked,<\/p>\n<p style=\"text-align: center\"><em>\u201cWe don\u2019t use this fund to buy weapons at this point. We\u2019re buying night vision goggles, optics, helmets, bulletproof vests.\u201d<\/em><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Crypto assets proved extremely helpful in facilitation of funding flows to the Amed Forces of Ukraine. Huge thanks to everyone who donated to the Crypto Fund of Ukraine. <\/p>\n<p>Each and every helmet and vest bought via crypto donations is currently saving Ukrainian soilders&#39; lives. <a href=\"https:\/\/t.co\/CghDmXEcJG\" target=\"_blank\">pic.twitter.com\/CghDmXEcJG<\/a><\/p>\n<p>&mdash; Alex Bornyakov (@abornyakov) <a href=\"https:\/\/twitter.com\/abornyakov\/status\/1502231351273172992?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">March 11, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2 style=\"text-align: justify\">How Ukraine Benefited From Crypto?<\/h2>\n<p style=\"text-align: justify\">Ukraine has been dabbling with cryptocurrency since Russian soldiers entered the country. In March, the Ukranian government launched a collection of NFTs\u00a0<strong>\u2018<a href=\"https:\/\/metahistory.gallery\/\" target=\"_blank\" rel=\"noopener\">Museum of War<\/a>\u2019<\/strong> to document the series of events taking place in the war and to raise funding for its military. Bornyakov, explained that the virtual collection would be <strong>like a physical museum<\/strong> where people could see the war in digital format.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Stand with the people of Ukraine. Now accepting cryptocurrency donations. Bitcoin, Ethereum and USDT.<\/p>\n<p>BTC &#8211; 357a3So9CbsNfBBgFYACGvxxS6tMaDoa1P<\/p>\n<p>ETH and USDT (ERC-20) &#8211; 0x165CD37b4C644C2921454429E7F9358d18A45e14<\/p>\n<p>&mdash; Ukraine \/ \u0423\u043a\u0440\u0430\u0457\u043d\u0430 (@Ukraine) <a href=\"https:\/\/twitter.com\/Ukraine\/status\/1497594592438497282?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">February 26, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\">Since the beginning of the Russian invasion, Ukraine, has raised more than <strong>$135 million<\/strong> in cryptocurrencies through crypto donations and the selling NFTs. On February 26, Ukranian officials had tweeted pleas for cryptoasset donations amd lend a helping hand to support the country in its dark times.<\/p>\n<p style=\"text-align: justify\">\n","protected":false},"excerpt":{"rendered":"<p>In an effort to raise funds against its war with Russia, Ukraine, has sold a CryptoPunk NFT for 90 Ethereum (ETH) approximately $100,000. Ukraine had received the CryptoPunk 5364 NFT as a donation in early March during its fundraising campaign amidst the war.<\/p>\n","protected":false},"author":21,"featured_media":48960,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[84,74,112],"tags":[5402,4862],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/48945"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=48945"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/48945\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/48960"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=48945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=48945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=48945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}