Nexo

We’re Giving out 10 BTC in Rewards until the Bitcoin Halving

Learn More
Home » News » Forget War Bonds—Ukraine Is Using War NFTs Instead

Forget War Bonds—Ukraine Is Using War NFTs Instead

by

Ukraine is launching an NFT museum to capture memories of its ongoing war on the Ethereum blockchain. It also plans to sell each NFT featured in the museum to fund its humanitarian efforts.

Forget War Bonds—Ukraine Is Using War NFTs Instead
Shutterstock cover by Andreas Wolochow

Key Takeaways

  • Ukraine is launching an NFT museum to capture and eternalize Russia's military invasion.
  • The collection will initially feature 50 NFTs depicting key events from the war alongside artwork by Ukrainian artists.
  • The NFTs will mint at 0.15 Ethereum, with all proceeds going to Ukraine's Ministry of Digital Transformation.

Share this article

Ukraine is launching a virtual NFT history museum. It plans to sell a selection of war-themed NFTs, with the proceeds going to the government’s Ministry of Digital Transformation. 

Ukraine Launches NFT Museum

Ukraine has unveiled an NFT museum to help fund the country’s ongoing war efforts. 

Ukraine’s Vice Prime Minister and Minister of Digital Transformation Mykhailo Fedorov announced the “Meta History: Museum of War” launch in a Friday tweet.

The new project has been put together to commemorate Russia’s invasion of Ukraine. It will initially feature 50 Ethereum NFTs, each depicting a significant event from the war, with tweets from official sources accompanied by a piece of artwork from a Ukrainian artist. The events featured in each NFT will come in chronological order based on the unfolding events of the war. They’re available to view via the project’s official website with a drop to follow in the near future.

Each NFT will be sold as a unique piece to raise money to help Ukraine defend itself against Russia, with 100% of the funds going straight to the Ministry of Digital Transformation’s Ethereum wallet. They’ll initially be priced at 0.15 Ethereum. The project will also charge a 10% royalty commission for all subsequent secondary-market sales, a portion of which will go toward the project’s development.

Commenting on the launch, Deputy Minister of Digital Transformation Oleksandr Boryakov said:

“Our enemies are very afraid of the truth, because the truth always wins. It is extremely important to tell the world the real facts about the Russian invasion in Ukraine. Blockchain seems to be a powerful tool to keep the memory of the Russian war crimes, suffering of the peaceful civil people of Ukraine, the heroism of the Ukrainian Armed Forces, the resistance of the Ukrainian people and the whole Putin Blitzfail.”

The Ukrainian government began accepting cryptocurrency donations on Feb. 26, two days after Russia launched its military attack. It’s since received over $100 million from the cryptocurrency community. Most of that came in Bitcoin, Ethereum, and other cryptocurrencies after the Ministry of Digital Transformation posted a request for funds. Meanwhile, major crypto players like Binance, FTX, Crypto.com, and Celsius have separately donated millions of dollars to various initiatives to help Ukraine’s humanitarian efforts. 

Disclosure: At the time of writing, the author of this piece owned ETH and several other cryptocurrencies.

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.