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Ukraine’s NFTs Will Be Like a Russian-Ukrainian War Museum, Says Minister

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Ukrainian government has promised to launch a collection of non-fungible tokens (NFTs) to support the Ukrainian Armed Forces.

Ukrainian NFTs

Now, the country’s deputy minister of digital transformation, Alex Bornyakov, has stated that the said collection will be “like a museum of the Russian-Ukrainian war”.

According to him, the idea is to tell the story of the war to the world in the form of NFTs, as reported by The Guardian. Bornyakov said each NFT will feature an artwork depicting a story from a trusted news source.

As mentioned, the Ukrainian government’s strategy with the launch of the NFTs is aimed at raising funds in cryptocurrencies.

Today, crypto donations exceed $63.8 million, according to data from blockchain platform Elliptic.

The donations include a $1.86 million transaction, the proceeds of which come from the sale of NFTs created by Julian Assange and digital artist Pak. In addition, a CryptoPunk NFT worth approximately $200,000 was also sent to the government.

Bornyakov reported that the money was being used to buy military equipment and fund media activities.

“We do not use this fund to purchase weapons at this time. We are buying night vision goggles, optics, helmets, bulletproof vests.”

On March 11, Bornyakov shared on his Twitter account that the Ukrainian government purchased 5,550 bulletproof vests, 410,000 packed lunches, 500 helmets, 3,125 thermal imagers, 3,427 medicines, 500 ballistic plates for bulletproof vests and 60 walkie-talkies.

“Crypto assets have proven to be extremely useful in facilitating flows of funding for the Armed Forces of Ukraine. Many thanks to everyone who donated to the Crypto Fund of Ukraine. Each and every helmet and vest purchased through cryptocurrency donations is saving the lives of Ukrainian soldiers.”

Digital war

Bornyakov also said that a volunteer army of IT experts is working on a channel on the messaging app Telegram.

The aim is to show the Kremlin how a steady stream of cyberattacks in recent years has made “our lives horrible”.

Hackers, including Anonymous, are carrying out distributed denial-of-service attacks against Russian targets. Thus, they are disabling state-backed websites.

“We just want to make them feel like we do. The war [digital] of them has not started for 14 days. It all started eight years ago. And they were constantly attacking us instantly with DDoS attacks, defacing websites or stealing our databases.”

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All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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