Ukraine sells NFT to raise money during Russian occupation

An NFT collection titled "Meta-History: War Museum," based on the timeline of Russia's invasion of Ukraine, is being used to raise defense funds for Ukraine. All funds will go to aid the country's military and civilians.

Ukraine's Deputy Prime Minister and Ukraine's Minister of Digital Transformation Mykhailo Fedorov launched the collection with an energetic Tweet. “While Russia uses tanks to destroy Ukraine, we rely on revolutionary blockchain technology,” Fedorov said.

The collection includes NFTs from various artists for every pivotal moment in the war. “Meta-History: War Museum” includes a 54 NFT timeline of the first three days of the Russian invasion of Ukraine in February. Each NFT will be broadcast in the order of the events they represent. The Vergereports that the first NFT will go on sale next week.

The implications of the Ukrainian government's reliance on crypto during the war could go further than this moment in the country's history. At a briefing, Coindesk asked Ukraine's Deputy Minister of Digital Transformation, Alex Bornyakov, if President Volodymyr Zelensky had any thoughts on Crypto's role in the war effort.

Cryptocurrency has played a role on both sides of the war, but Ukraine in particular has used it to bypass banks and local currency restrictions.
The Ukrainian government said it had raised $54 million in cryptocurrency in the first three weeks.

“He shares our vision,” Bornyakov said of crypto’s potential for an economic breakthrough.


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Sercan Erzincanli
He is the manager of our platforms The Gamer Station Media and The Gamer Station Community. It also produces entertainment and game content for TGS. You can follow his social media.

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