Ukraine Set To Launch An NFT Collection To Raise Funds

Ukraine launched an NFT collection called The Zelenskiy NFT to raise funds amid the ongoing military conflict with Russia

Ukraine Set To Launch An NFT Collection To Raise Funds
Ukraine Set To Launch An NFT Collection To Raise Funds

Ukraine aims to employ non-fungible tokens to raise funds

While war-torn Ukraine continues to combat Russia, the country aims to employ non-fungible tokens to raise funds for humanitarian aid.

According to the most recent release, The Zelenskiy NFT, a new digital art collection, will be introduced to a large audience soon. The gathering is the first NFT humanitarian endeavor to benefit the people of Ukraine and the surrounding landscape.

The IamUkraine studio came up with the idea of using creativity and digital art saved by blockchain to offer humanitarian aid to Ukraine.

The fortitude, togetherness, and passion of the Ukrainian people as the crisis developed inspired the Zelenskiy NFT collection. It is made up of 10,000 different NFTs that represent different aspects of Zeleknskiy’s personality.

The project’s director Volodymyr Samoilenko mentioned:

“We were very lucky to get support from the leading public persons and celebrities from sport, entertainment, and other areas. The Zelenskiy NFT collection will become a showpiece of the spirit of the Ukrainian people and the source of power and support. We see the vast amount of support as an extremely positive sign for us and the whole Ukrainian nation. We hope that their decisions become a reference point for thousands of other people from all over the world. Just imagine, what a significant positive impact we can put in action together!”

Volodymyr Samoilenko

Ukrainian government and NFTs

The Ukrainian government has already used NFTs to help pay for its military operations in the ongoing confrontation with Russia.

In March, Mykhailo Fedorov, the country’s Minister of Digital Transformation, revealed that the government had formed 54 non-governmental organizations (NFTs) to raise awareness and funding to oppose the Russian military that had invaded the country.

Prior to launching the NFT campaign, the government raised $50 million in cryptocurrencies and received contributions from a diverse group of people around the world.

It is clear that blockchain technology has been extremely beneficial to war-torn Ukraine, and it may continue to be so in the days and weeks ahead.