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Ukraine Is Putting Out A War-Themed NFT Collection To Raise Funds For Armed Forces

Ukraine intends to produce an NFT collection representing events from Russia’s invasion in order to raise revenue in cryptocurrencies.

Mykhailo Fedorov, Ukraine’s Vice Prime Minister and Minister of Digital Transformation promised last week that the country would issue non-fungible tokens (NFTs) to help its armed forces currently fighting Russia.

Ukraine’s Vice Prime Minister and Minister of Digital Transformation, Mykhailo Fedorov, stated last week that the government would issue non-fungible tokens (NFTs) to aid its armed forces, which are presently fighting Russia.

Bornyakov recently took to Twitter to explain how cryptocurrency funds were assisting Ukrainians in purchasing protective vests, food, medicine, and other essentials.

Bornyakov told The Guardian that the planned NFT collection would be “like a museum of the Russian-Ukraine War.” In addition, he said that the development of these NFTs could take some time as they want it to be “cool, good-looking.”

Fedorov, too, in a Tweet said that they “will announce NFTs to support Ukrainian Armed Forces soon.” The first announcement of an NFT project was made on March 3.

MykhailoFedorovon-ukraine-crypto

According to SlowMist, a blockchain security startup quoted by Gadgets 360, the Ukrainian government has received $76 million in cryptocurrencies alone. It’s no surprise that authorities are taking cryptocurrency more seriously.