NFT sales will fund the restoration of physical monuments in Ukraine
“NFT[s] will not stop Russian missiles, but blockchain technology will contribute to the economic recovery and development of Ukraine,” said Alexander Borniakov. The Ukrainian government will be using the proceeds of sales from an online nonfungible token, or NFT, museum to restore artwork in the real world.According to a Friday announcement and information shared with Cointelegraph, Ukraine’s Ministry of Culture and Information Policy said the government's Meta History Museum of War platform, aimed at preserving the timeline of major events in Russia’s war with Ukraine, raised 803.28....
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The Open Metaverse Alliance for Web3 was created by blockchain platforms with the goal of setting standards for NFTs. In this week’s newsletter, read about how game developer Square Enix plans to launch Final Fantasy VII digital collectibles. Check out the new Open Metaverse Alliance for Web3 and how NFT sales will fund artwork restoration efforts in Ukraine. In other news, you can learn about how an NFT of a falling man was removed in the GameStop marketplace following community pressure. And, don’t forget about this week’s Nifty News roundup featuring a joke gone wrong, leading to the....
Ukraine government has seized and blocked the crypto wallets which were affiliated to raising funds for Russian military campaign. According to Security Service of Ukraine, a lot of foreign crypto companies helped Ukraine seize the funds. The agency at the moment is tracking the funds and also transferring them under the Ukrainian jurisdiction. It has […]
NFTs are showing the brighter side of humanity as real support transcends the boundaries of nations and reaches Ukraine through the metaverse. In light of the ongoing military conflict, people from all around the world send their donations to Ukraine via NFT sales, as artists and activists turn to them over older fundraising methods.
Millions in Donations Raised for Ukraine by NFT Sales
It feels like NFTs have been taking over the world recently, with more and more types of communities getting involved by the day. From major visual artists to global fashion brands and from....
With sales of physical art down because of the pandemic, NFT-based artwork have taken off.
It is no surprise that international support for Ukraine continues to grow following the invasion by Russia. After Russia invaded Ukraine, experts from every sector started getting worried about worse cases. For example, cybersecurity experts started answering if a global cyberwar is about to unfold. The crypto money industry did not remain idle either. Binance, the world’s largest crypto exchange by volume, has announced a $10 million donation to Ukraine. Also launching an emergency fund for the affected country. On his Twitter account, CEO CZ noted, “Our focus is providing....