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Ukraine will raise funds by selling NFTs

Ukraine will raise funds by selling NFTs

The Ukrainian government plans to raise funds selling an NFT collection. Each NFT will contain a news report on the Russian-Ukrainian conflict. 

As reported by The Guardian, the release of the NFT collection will serve as a follow-up to the cryptocurrency fundraising, as various organizations have previously raised $100 million for Ukraine in different cryptocurrencies.

According to Oleksandr Bornyakov, Deputy Minister of Digital Transformation of Ukraine, the NFT-collection will become a kind of "museum of the Russian-Ukrainian war". However, it is not yet clear on what terms buyers will be able to get tokens: on which marketplace the collection will be placed, its minimum cost, whether there will be an auction. 

Oleksandr Bornyakov also noted that the money raised by the crypto-community is used to buy military equipment, such as bulletproof vests, night vision devices, helmets, and media activities. 

Related news: Russia could use cryptocurrency to blunt the force of US sanctions

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