The government of Ukraine is generating money by selling non-fungible tokens (NFTs) based on a timeline of Russia’s continuous invasion of the country. Mykhailo Fedorov, Ukraine’s Minister of Digital Transformation, announced the launch of the collection on Twitter, bragging that “while Russia deploys tanks to harm Ukraine, we rely on innovative blockchain technology.” All proceeds will benefit Ukraine’s “army and people,” according to the Ministry of Digital Transformation.
The “Meta History: Museum of War” collection pairs blockchain tokens with a news item about “every significant event of the war” and an artist’s illustration. There are presently 54 NFTs for sale, with the first going up for sale early next week, covering the first three days of the war in late February. The idea is based on the Fair blockchain company’s NFT sales platform.
Cryptocurrency has played a role on both sides of the conflict, but Ukraine has utilised it in particular to circumvent banks and local currency limits, as well as to take advantage of crypto hype to raise funds. In the first three weeks, the Ukrainian government claimed to have raised $54 million in cryptocurrencies (which, according to another estimate, may be an understatement).
Wondering what NFTs are? Here’s a guide on – What are NFTs
Want to get one yourself? Here’s more info on – Where to buy NFTs
Wondering how NFTs work? Here’s your guide.
How to invest in NFTs – Earn money from NFTs by investing, maybe?
How to buy NFTs – Buy an NFT yourself.
Also, check out the guide on – How to make money with NFTs
You could make an NFT yourself – Here’s how to make NFTs
And finally, read on how to sell NFTs. Useful stuff! 😉
