Ukraine issues NFT tokens. He's working on defense against Russia

Blockchain technology it can help Ukraine in the fight against Russian invaders. Deputy Prime Minister Mykhailo Fedorov announced that his country broadcasts NFTto finance defense against aggression by Vladimir Putin's troops. This is not the only project in this technology to help fundraising  repelling enemy troops.

It has been said for years that for some people war is great business, but for the attacked countries it is first and foremost very expensive. And it is not even about rebuilding the bombed infrastructure, but about the purchase of equipment, weapons and ammunition for the still resisting the invader. 

Fundraising was therefore started in the traditional way. On Friday, March 4, 2022, the media reported that the Ukrainian government had quickly sold war bonds worth as much as UAH 8,1 billion. In terms of the exchange rate for that day, it was approximately USD 270 million. Each bond has a value of PLN 1 thousand. hryvnia and has an interest rate of 11% per annum, which in the current market conditions is a very good offer - especially if we take into account the announcements of the European Union and the United Kingdom, which unanimously emphasize that as soon as the hostilities stop, they will start rebuilding free Ukraine.

Money for the war with the NFT

USD 270 million is certainly not a drop in the ocean of needs, but it will not be enough for a long battle with the Russians, so they started looking for less conventional ways to raise capital. And they were quickly found. 

Ukraine's deputy prime minister Mykhailo Fedorov has already announced that his country will issue NFT, the proceeds of which will be used entirely to repel the Russian invasion. He also emphasized that this was the first, but certainly not the last such project. 

NFT of Ukraine in national colors

The NFT will, of course, refer to the flag of Ukraine, i.e. blue and yellow. Graphics are to translate into real money, because our eastern neighbors have already found out that in this way you can raise a lot of money from practically all over the world. 

After the first fundraiser was launched, USD 11 million was raised in Bitcoinie (BTC) and Ethereum (ETH). There was even one sponsor who single-handedly allocated $ 5 million for it. 

The action is coordinated by UkraineDAO, which deals with the management of all blockchain projects that are to benefit the Ukrainian army. It is already known that UkraineDAO will reward donors, but it is not yet known how. It will also help to safely transfer funds to the Ukrainian army through Come Back Alive, the largest foundation dealing with donations to the armed forces of Ukraine. 

The world of cryptocurrencies helps Ukraine

Many famous figures from the world of cryptocurrencies have already helped Ukraine in the fight against the Russian attack. Even if Gavin Woodwho is one of the creators of Ethereum and the founder of the Polkadot network. From his portfolio, the equivalent of USD 5 million transferred in Polkadot (DOT) has already reached Ukraine.

As part of the initiative "Crypto for Ukraine" after the first week of the war, the equivalent of USD 50 million was paid to our eastern neighbors. The vast majority of money comes from anonymous donors.

Cryptocurrencies were also collected by the world's most famous hacker group, Anonymous. Its representatives suggested to the Russian soldiers that they would pay them a salary in Bitcoin for each tank handed over to the Ukrainian side. 

"Russian soldiers - if you want to live with your families and children, not die - the global Anonymous community has collected Bitcoin for you to help you."

According to unofficial reports, the group pays around 50. USD for each tank the crew abandons or surrender. How many Russian soldiers took advantage of this offer? It is not known.