The government of Ukraine is set to float a Non-Fungible Token (NFT) collection that will help depict the history of this ongoing conflict with Russia in the form of a “war museum.” As reported by The Guardian, citing Ukraine’s deputy minister of digital transformation, Alex Bornyakov, the proposed collection would be “like a museum of the Russian-Ukrainian war. We want to tell the world in NFT format.”
Ukraine has leaned greatly into the capabilities of digital currencies in the course of this ongoing war as the country has received a lot of funds from the crypto community to support the Army and a number of the masses that were most affected by the conflict. While crypto donations to the country have surpassed a total of $60 million, the government has received a number of valuable NFTs including a Bored Ape Yacht Club (BAYC) worth as much as $200,000.
Ukraine NFT Pursuit May Take a While to Launch
Based on its broad exposure to the digital assets ecosystem, Bornyakov said the NFT creation and eventual launch is going to take some time because the plan is to make it cool and good-looking, two attributes that will redefine the collection.
Beyond the push from the government, a lot of Ukrainians have been supporting the war efforts in several ways, one of which is the launch of different NFT collections whose proceeds are donated to the government or other associated not-for-profit organizations.
Thus far, the Ukrainian government has spent at least $15 million out of the total crypto-linked funds it has raised thus far with 5,550 bulletproof vests acquired, 410,000 packed lunches, 500 ballistic plates for the bulletproof vests, 500 helmets, and 3,125 thermal imager and optics amongst others.
“Crypto assets proved extremely helpful in facilitation of funding flows to the Amed Forces of Ukraine. Huge thanks to everyone who donated to the Crypto Fund of Ukraine,” said Alex Bornyakov, “Each and every helmet and vest bought via crypto donations is currently saving Ukrainian soldiers’ lives.”
Beyond crypto, the Ukrainian government has been very effective in utilizing social media as a tool to gain a favorable advantage for itself over the Russians, a move it considered as a win in the ongoing conflict.
Crypto assets proved extremely helpful in facilitation of funding flows to the Amed Forces of Ukraine. Huge thanks to everyone who donated to the Crypto Fund of Ukraine.
Each and every helmet and vest bought via crypto donations is currently saving Ukrainian soilders' lives. pic.twitter.com/CghDmXEcJG
— Alex Bornyakov (@abornyakov) March 11, 2022