NFTs And Crypto Had Played Hand In Ukrainian Resistance Of Kremlin

Vitaliy Raskalov was 6,700 kilometers away from home when Russia declared war on Ukraine on February 24. The Ukrainian-born photojournalist was in Mexico organizing the delivery of Kevlar vests to support his country against the Russian Invaders. According to reports, the expense of all such resources will most probably be covered via cryptocurrencies.

Ukraine NFTs Bitcoin Crypto

Raskalov Aims To Raise $10K By Month

During the last 6 months, Vitaliy has been selling some of his images as nonfungible tokens (NFTs) on OpenSea, the leading marketplace for these kinds of goods. To show solidarity with Ukraine’s rebellion, any profits generated by this series of images, which include buildings and other harrowingly high structures, will be given to the country’s insurgents as donations.

To support his nation, Raskalov explained that while he was unable to grab guns and fight alongside his nation, he was still able to acquire donations and generate funds. His goal is to raise roughly $10,000 by the end of the month, which he believes he has already accomplished by raising approximately 4 Ethereum (roughly $10,000).

Ukraine NFTs Bitcoin Crypto

As per Chainalysis, Ukraine is the fourth largest bitcoin consumer on the planet, just after India, Vietnam, and Pakistan. More than $550,000 dollars of cryptocurrency was gathered last year which is a lot higher than the $6,000 raised in 2020, according to Elliptic, a blockchain analytics business that monitors cryptocurrency payments to anti-Russian organizations.

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Mykhailo Fedorov Tweeted Out Wallet Addresses For Donations

Mykhailo Fedorov who currently serves as the Minister for digital transformation tweeted sharing crypto handles for people all around the world to donate bitcoin, Ether, or any other kind of lucrative currencies that might help Ukraine to stand a chance against Putin’s tyranny.

The identical credentials were tweeted by Ukraine’s formal Twitter Handle. According to the business, more than $47 million have been transferred to those credentials. This achievement might have a significant impact on donations in Ukraine and the world.

“In the last four days, I’m simply shocked,” Raskalov stated. “I’m so happy with that. At the same time, I’m so upset. A small NFT community and Twitter raised more than $10 million. Most of the countries of the European Union didn’t do anything.”

Ukraine NFTs Bitcoin Crypto

Aside from contributions to the Ukrainian Ministry, Charities and independent initiatives akin to Raskalov’s have collected millions more. With the help of Russian punk rock band PussyRiot, UkraineDAO (a decentralized organization, or DAO) generated almost $3 million in Ethereum, and then a further $6.75 million through the raffling of a digital image of a Ukrainian ensign.