Ukraine’s Deputy Minister of Digital Transformation, Alex Bornyakov, says the government intends to preserve history by using NFTs to tell the world their story. Although, some citizens believe it is just another ploy to leverage digital assets to fund military activities in the ongoing war.
Ukraine’s government intends to produce a collection of Non-fungible Tokens (NFT) to act as a digital museum to commemorate Russia’s attack on Ukraine, and thus the war in general.
He went on to say that the projects may take years to complete since they want them to be popularly acceptable while also looking appealing.
According to Alex, each NFT will be derived from war-related reports from reputable news organizations. These NFTs will have one-of-a-kind artwork from the selected stories, obtained from “reliable sources.”
This latest step came after the Ukrainian government received approximately $100 million in cryptocurrency aid in its official wallets.
Alex Bornyakov expresses his gratitude to individuals who have contributed to Ukraine’s crypto fund in a tweet, as well as a breakdown of how part of the funds was spent.
Ukraine announces the launch of the NFT Project.
The introduction of the NFT initiative comes after Ukraine’s Vice Prime Minister and Minister of Digital Transformation, Mykhailo Fedorov, announced the country’s intention to end airdrops.
This airdrop was Ukraine’s way of thanking people who gave cryptocurrency to help the country’s military efforts.
The country has carefully examined and decided to stop the airdrops, the Vice Prime Minister stated in a tweet, citing a rise in the number of donors and volunteers as a cause. That the NFTs announcement would be made soon.