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Ukrainian NFT collection is far from sold out even after a week

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In the middle of last week, the Ukrainian government launched the highly anticipated NFT collection in order to raise around $ 1 million for military and humanitarian purposes. Still, hundreds of 2,182 NFTs remain to be sold after a week.

Ukrainian NFT collection has aroused less interest than expected

This is the first time the nation has launched its own NFT collection. But so far, sales have met with much less enthusiasm than other high-profile NFT corrections, which often sell out immediately.

The collection was announced in early March, when the Ukrainian government canceled its original plan for crypto airdrop and said it would sell the NFT instead. It then took almost a month to unveil the collection.

Titled “META HISTORY: Museum of War,” it shows a timeline of events since the beginning of the war through artwork with tweets placed in the image. One of them is the drawing of aircraft inside a bird cage, which recalls when European Commission President Ursula von der Leyen announced that the EU would close its airspace to all Russian aircraft. Another shows row of skulls from which grow flowers symbolizing Russian soldiers who lost their lives.

If they want to buy an NFT, users have to visit the project’s website and mint them, then the NFTs are listed on OpenSea. The Ukrainian government announced 24 hours after the launch that 1,051 had been sold. By Thursday afternoon less than 1,600 have registered with OpenSea with a total of 641 owners.

A spokesman for the Ukrainian Ministry of Digital Transformation, the agency behind the sale of the NFT, said it had received more than $ 600,000 so far.

Meanwhile, the bottom price on OpenSea is 0.16 ETH on Friday morning and the secondary trading volume at 14.6 ETH – figures that suggest that the secondary market for the collection is not very strong.

The spokesman declined to answer questions about whether the sale had so far met the agency’s expectations. The country has so far gained more than $ 70 million in crypto assets since the start of the Russian invasion on February 24.

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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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