Key Insights:
Ukrainian government launches NFT war museum, with NFT sales set to start in three days.
Fair.xyz minted the NFTs on Ethereum and Polygon.
Digital assets have proven to be vital in the governments war effort and its efforts to support civilians.
The Russian invasion of Ukraine entered the fifth week on Friday. Despite punitive sanctions and isolation, Russia continued to bomb civilian sites. Reports of Bitcoin (BTC) for Russian oil and U.S warnings to China over assisting Russia in Ukraine raise more concerns for the global financial markets and the geopolitical landscape.
Throughout the invasion, the Ukrainian government has found much-needed support. Support has come from NATO members and donations in the form of crypto.
Ukrainian NFT War Museum Launches to Deliver Government Funding
Earlier this month, FX Empire reported on the Ukrainian government‘s plans to launch an ’NFT Museum‘ of the Russian-Ukrainian war.’
Proceeds from the sale of NFTs would support the Ukrainian government to meet its funding needs.
This week, the Ukrainian government took to Twitter to announce the launch of META HISTORY: Museum of War.
Unlike traditional museums, the Ukrainian war museum is in digital form and comprises solely of NFTs. As per the MetaHistory tweet, buyers will not be able to view the NFT until after purchase.
Fair.xyz NFT platform minted the images on Ethereum (ETH) and Polygon (MATIC).
Users will need to register and have a crypto wallet to purchase an NFT.
Overnight, the Ministry of Digital Transformation of Ukraine tweeted,
NFT #0001, time-stamped 24-Feb 2022, 5:45, is Day 1, where Russia announces a special military operation in Donbas.
There are 54 NFTs, with the sale starting 29 March 2022.
Ukrainian Government Embraces Digital Assets in Time of Need
Since the start of the Russian invasion, the Ukrainian government has looked to digital assets as a means of support. Digital assets have proven to be an ideal option for a government needing aid for its war effort and civilian population.
The Financial Times reports that the Ukrainian government has raised more than $100 million in crypto donations.
The Ukrainian government accepts donations in nine cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Solana (SOL), and Dogecoin (DOGE
Dogecoin
$0.1486
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