NFTs have been increasingly reviled by a lot of people these days, despite their apparent popularity. But maybe this is one of the greatest things that would come out of these digital assets.
According to Engadget, Ukraine will be selling NFTs to fund its military in its fight against Russia. This was confirmed by the country's Ministry for Digital Transformation, after being first announced in early March.
ROME, ITALY, FEBRUARY 25: Protesters are seen at the Colosseum during a torchlight procession against Russia's military operation in Ukraine, in Rome, Italy, on February 25, 2022.
Here is a tweet from Ukrainian government official Mykhailo Fedorov, the country's Vice Prime Minister and head of the aforementioned ministry:
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
As per his tweet, the NFT project is called the "Meta History Museum of War." It contains non-fungible tokens, which are representations of the military conflict in the war-torn country. According to Fedorov, all tokens will be "created in chronological order" to help the world remember the history of the war from here on out.
The creation of the NFT project follows a wave of cryptocurrency donations that have been given to Ukraine, all in an effort to help fund the country's military. So far, anonymous donors have given away $13.7 million worth of Bitcoins, and over $100 million worth of cryptocurrency donations in total, as per the original Engadget report.
Around 4,000 donations have come in as of late February, with more expected to come in. That's because the Ukrainian Digital Ministry actually posted the addresses for cryptocurrency wallets, which donors can send their donations to.
Ukraine's NFT collection is also a replacement of a plan which involved doing an "airdrop" of free tokens to those who have already donated crypto to the country, writes The Verge. This planned "airdrop" was canceled because of a potential copycat scam.
Buyers of the tokens (54 of them) will get news items chronicling "every substantial event of the war," alongside an artist's rendition. Minister Fedorov considers this collection as a "place to celebrate the Ukrainian identity and freedom," and as a way of keeping the memory of the conflict.
Read Also: Polkadot Founder Gavin Wood Donates $5 Million to Ukraine After Requesting for DOT Address
How Do To Buy The Ukraine NFTs
The Ukraine NFT collection has a website where the tokens are displayed. On the website, you can see that each token corresponds to a major event in the war, presented in chronological order. Interested buyers can connect their wallets directly to the collection by scanning a QR code using a WalletConnect-compatible cryptocurrency wallet.
As for what kinds of assets buyers will be getting, the tokens include things like news of the first time Russia launched its full-scale invasion. It comes with a creative piece from artist Ivan Ponomarchuk, and is labeled as "Day 1, 5:58"---an indication of the date (February 24th) and time when the event happened. It also includes a tweet from foreign affairs minister Dmytro Kuleba announcing the start of the Russian invasion.
The sale of the Ukraine NFT collection will start on March 29th, according to the website. Be sure to watch out for the start of the sale if you want to join in the relief efforts for the country.
Related Article: Ukraine President Zelensky Signs Crypto Bill That Legalizes it in the Country
This article is owned by Tech Times
Written by RJ Pierce
