Lagatar24 Desk
New Delhi, Mar 26: Ukraine began auctioning off a collection of non-fungible tokens (NFTs) as part of a cryptocurrency fundraising campaign that has so far raised more than $65 million for its war effort, according to Kyiv.
The ‘Meta History: Museum of War’ collection is a collection of digital pictures that each represent a particular day in the fight, including silhouettes of jets, screengrabs of news headlines, and a cartoon-style image of an explosion.
Three days after Russia launched its invasion, Ukraine’s Ministry of Digital Transformation began appealing for donations in digital tokens such as bitcoin and ether, which Moscow refers to as a ‘special military operation.’
According to a post on the collection’s website, the new NFT series was created “to promote true facts throughout the global digital community and to collect donations for the support of Ukraine.”
NFTs (non-fungible tokens) are a sort of crypto asset that gained a lot of traction last year. They employ bitcoin’s technology to track who owns a digital file, such as an image, video, or piece of writing.
According to Ukraine’s deputy minister of digital transformation Alex Bornyakov, the country’s crypto donations have so far been used to purchase protective vests, helmets, meals, and medicines for its soldiers.
NFTs are typically purchased with cryptocurrencies like ether. Ukraine’s NFTs will cost 0.15 ether, or just over $475, at first. According to the website, the funds will be sent directly to Kyiv’s digital crypto wallets.
