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Ukraine Raises Over $100,000 From Cryptopunk NFT Sale – Bitcoin News

Ukraine Raises Over $100,000 From Cryptopunk NFT Sale – Bitcoin News

The government of Ukraine has sold a cryptopunk NFT donated in support of the war-torn country a few months ago. The country’s Ministry of Digital Transformation said the token was purchased by an unidentified buyer who spent more than $100,000 in Ethereum for the collectible.

The Government of Ukraine will receive the donated Cryptopunk token 90. sells in ETH

Ukrainian authorities have raised over $100,000 from the sale of Cryptopunk non-fungible tokens (NFT), Minister of Digital Transformation Mykhailo Fedorov and his deputy Alexander Bornyakov announced on social media. The unique collectible was acquired by an unknown investor for 90 Ether (ETH,

The NFT, Cryptopunk #5364, was donated to the Aid for Ukraine crypto fundraising campaign in early March. At the time, Bornyakov tweeted that it was priced at 56. Was ETH But the price of Ethereum and other cryptocurrencies were quite high before the latest crypto market meltdown.

The Eastern European nation, a former Soviet republic, was invaded by its much larger neighbor, Russia, in the early hours of February 24. The government and many voluntary organizations in Kyiv have increasingly relied on crypto donations, including NFTs. The country has already raised millions of dollars to fund its defense and humanitarian efforts.

The global crypto community continues to support Ukraine, with Alex Bornyakov announcing the sale of tokens from the Cryptopunk collection in a tweet on Monday. “Just wanted to thank the crypto community for such a generous donation,” Mykhailo Fedorov, who also served as deputy prime minister of Ukraine, tweeted on Tuesday.

cryptopunks There is an NFT store on the Ethereum blockchain. Launched in 2017, the project offered some of the first crypto collectibles. Cryptopunk #5364 is not the first non-fungible token used to raise funds for Ukraine. In March, the sale of one NFT of the Ukrainian flag exceeded $6.7 million in Ethereum.

You can help families, children, refugees and displaced people in Ukraine by donating BTC, ETH and BNB to Binance Charity’s Ukraine Emergency Relief Fund.

Tags in this story

collectible, conflict, crypto, cryptocurrency, cryptocurrency, cryptopunk, cryptopunk nft, charity, donation, fundraising, fund, nft, nft, russia, russian, token, token, ukraine, ukrainian, war

What do you think about Ukraine’s decision to sell Cryptopunk NFTs now? Tell us in the comments section below.

lubomir tsev

Lubomir Tsev is a journalist from tech-savvy Eastern Europe who likes Hitchens’ quote: “Being a writer is what I am rather than what I do.” Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.

image credit: Shutterstock, Pixabay, WikiCommons

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