Ukraine began auctioning off a collection of unusable tokens (NFTs) on Friday in an expansion of a cryptocurrency fundraising effort that Kyiv says has raised more than $ 65 million for its war efforts.
The ‘Meta History: Museum of War’ collection is a series of digital images – including silhouettes of warplanes, screenshots of news reports and images of cartoon -style explosions – each marking a different day in the conflict.
Ukraine’s Ministry of Digital Transformation began appealing for donations in digital tokens such as bitcoin and ether three days after Russia launched its aggression, which Moscow called a “special military operation”.
The new NFT series aims “to spread true information among the world’s digital community and collect donations for Ukraine’s support,” according to a message on the collection’s website.
Non -usable tokens (NFT) are a type of crypto asset that exploded in popularity last year. They use the technology behind bitcoin to record who owns a digital file from an image to a video or a piece of text.
Ukraine has so far bought supplies for its military with its cryptographic donations including bulletproof vests, helmets, lunch and medicines, Ukraine’s deputy minister of digital transformation Alex Bornyakov said on Twitter this month.
NFTs are usually purchased with cryptocurrencies such as ether. The Ukrainian NFT will initially cost 0.15 ether, or just over $ 475. The funds will be channeled directly to Kyiv’s digital crypto wallet, according to the website.
The sharp rise in NFT sales has left many observers confused as to why so much money is being spent on goods that do not physically exist.
Still, they have become a popular fundraising tool in recent months, with groups of people raising their crypto funds to buy NFT to raise awareness of a particular cause.