- Ukraine plans on issuing NFTs to help fund its military operations.
- Wladimir Klitschko rolls out NFTs to raise money.
- Ukraine has received more than $120 million in crypto donations.
LAGOS (CoinChapter.com) — Blockchain and cryptocurrency is playing a major role in helping Ukraine in its ongoing conflict as the latter struggles to survive President Vladimir Putin’s invasion.
Several cryptocurrency exchanges have joined western countries to impose sanctions on Russia and its citizens. While other exchanges have donated millions in digital assets to Ukraine to help it defend and protect its citizens.
Although the war must be condemned, it has however depicted the promising role digital assets can play in the world. The conflict has mainly resulted in the creation of new nonfungible tokens (NFT) aimed at raising money for the refugees, military, and people of the war-torn country.
Here are some NFT projects focused on raising funds for the people of Ukraine.
1 – Ukraine State-Owned NFT
Ukraine’s vice prime minister, Mykhailo Fedorov, announced the government plan to rollout NFTs to help fund its Air Force operations. The NFT project will also aim to raise money and aid for Ukrainians both civilians and refugees.
Alex Bornyakov, the country’s deputy minister of digital transformation, also noted that the NFT collection will depict events of the war.
2 – Ukraine DAO
The UkraineDAO fundraiser aims to raise funds and awareness for the current humanitarian crisis in Ukraine. It is backed by Nadya Tolokonnikova, a member of the Russian activist group Pussy Riot, and artist collective PleasrDAO. The project has already raised over $6.7 million to support Ukraine’s military since its launch.
3 – Vandalz for Ukraine
Legendary boxer Wladimir Klitschko, who is the brother of Kyiv mayor Vitali Klitschko, is responsible for this NFT collection. The Olympic champion collaborated with WhlsBe to issue the digital collectibles tagged Vandalz for Ukraine.
The collectibles are now available to mint in a tiered pricing model of $100, $1,000, and $10,000. Similarly, the proceeds from the sale of these NFTs will go to Red Cross and UNICEF in the country.
4 – Forza Ikonia
Forza Ikonia is raising money for various charities helping in Ukraine, including Doctors Without Borders and Amnesty International. The Kyiv and Gothenburg-based incubator and NFT platform launched the Stand With Ukraine NFT project, which consists of 43,287,512 editions by artist Felipe Posada. According to reports, the number of editions represents each citizen of Ukraine.
5 – TIMEpieces
Time magazine launched the Web3 NFT community initiative dubbed TIMEpieces to raise money for Ukrainians. The collection is titled Make Art Not War and according to Time, collectors have minted over 10,000 NFTs from 99 collages of images already.
6 – Waone Interesni Kazki
Popular Ukrainian artist, Waone Interesni Kazki, is also minting his famous paintings to raise money for the people of Ukraine. 50% of the money raised will go towards funding Ukraine’s defense and medical supplies via Ukrainian war charities. The target is to raise $7,000 from NFTs of paintings such as The Seed of a Good Idea, Beta to Alpha Transition, and Prisoned Mind.
7 – Holy Water
Over 500 Ukrainian artists have gathered to submit art to a new NFT collection sold via Holy Water to raise money for Ukrainians. The artists represent some of the biggest galleries in the country, including Port Agency, IZOLYATSIA, and Ugallery.
In addition to accepting art from professionals, the NFT will also feature art created by children in the bomb shelters.
8 – ArtWaRks Ukraine
Launched by Ukraine’s former Minister of Culture and Sports Vladimir Borodyansky, among others the NFT displays eight years of war in Ukraine. ArtWaRks Ukraine NFT project also aims to raise money for humanitarian aid for civilians and the Ukrainian military.
Additionally, it is important to note that blockchain and cryptocurrency are contributing immensely to the survival of Ukrainians.
The donation of digital assets according to reports has allowed Ukraine to bypass the usual obstacles it face when receiving aid. Also, Ukraine has reportedly received more than $120 million in crypto donations.
Bornyakov via his Twitter handle also expressed delight with the support received from the crypto community. He disclosed that digital assets raised between the beginning of March and the launch of the government’s website have helped the military with 5,550 bulletproof vests, 410,000 packed lunches, 3,125 thermal imagers and optics, and 500 helmets, among others.
