The Government of Ukraine sold some NFTs to finance its military spending. The NFTs had been donated to the country by some collectors.
The Government of Ukraine sold some NFTs to finance its military efforts against the Russian invasion. Ukraine had received several cryptocurrency donations in March. At the time, there were those who had chosen to donate NFTs, i.e. virtual works of art issued through the same technology as cryptocurrencies.
Overall, the Aid For Ukraine initiative had received $ 135 million in cryptocurrency and NFT donations. The Ukrainian government had also sold a digital replica of its flag, raising an additional $ 6.75 million.
Some of the NFTs donated to Ukraine were extremely valuable, including a CryptoPunk.
CryptoPunk is a collection of NFTs highly sought after by collectors – it is considered one of the very first and a single CryptoPunk can be worth several hundred thousand dollars. Today CryptoPunk is a brand owned by Yuga Labs, the company that also created the NFT Bored Ape Yacht Club collection.
The CryptoPunk donated to Ukraine – number # 5364 – was sold for 90ETH, which is about $ 100,000 today. The funds raised will be used to finance the country’s military spending.
The owners of Bored Apes Yacht Club, Ethereum’s most popular and expensive NFT series, continue to be in the sights of hackers and scammers:
