The federal government of Ukraine has bought a Cryptopunk NFT donated in assist of the war-torn nation a number of months in the past. The token has been bought by an unidentified purchaser who spent greater than $100,000 in ethereum for the collectible, the nation’s digital transformation ministry mentioned.
Ukraine Authorities Sells Donated Cryptopunk Token for 90 ETH
Ukrainian authorities have raised over $100,000 from the sale of a Cryptopunk non-fungible token (NFT), Minister of Digital Transformation Mykhailo Fedorov and his deputy, Alexander Bornyakov, introduced on social media. The distinctive collectible was acquired by an unknown investor for 90 ethers (ETH).
Breaking information on crypto donations: #CryptoPunk #5364 has been bought for 90 ETH. It’s over $100K. Few months in the past this NFT was donated for @_AidForUkraine fund. Crypto group continues to assist Ukraine.
— Alex Bornyakov (@abornyakov) June 20, 2022
The NFT, Cryptopunk #5364, was donated to the Help for Ukraine crypto fundraising marketing campaign in early March. On the time, Bornyakov tweeted it was price 56 ETH however the worth of ethereum and different cryptocurrencies was considerably greater earlier than the most recent crypto market stoop.
The East European nation, a former Soviet republic, was invaded by its a lot bigger neighbor, Russia, within the early hours of Feb. 24. The federal government in Kyiv and a variety of volunteer organizations have since more and more relied on crypto donations, together with NFTs. The nation has already collected hundreds of thousands of {dollars} to fund its protection and humanitarian efforts.
Just a few months in the past somebody donated #CryptoPunk #5364 for @_AidForUkraine. And now we bought it for 90 ETH/ over $100K. Simply needed to thank crypto group for such beneficiant donations. Together with your assist we’re in a position to assist our defenders.
— Mykhailo Fedorov (@FedorovMykhailo) June 21, 2022
The worldwide crypto group continues to assist Ukraine, Alex Bornyakov famous in a tweet on Monday, saying the sale of the token from the Cryptopunk assortment. “Simply needed to thank crypto group for such beneficiant donations,” Mykhailo Fedorov, who additionally serves as Ukraine’s Vice Prime Minister, tweeted on Tuesday.
Cryptopunks is an NFT assortment on the Ethereum blockchain. Launched in 2017, the venture supplied among the first crypto collectibles. Cryptopunk #5364 isn’t the primary non-fungible token used to gather funds for Ukraine. In March, the sale of an NFT of the Ukrainian flag raised over $6.7 million in ethereum.
You possibly can assist Ukrainian households, kids, refugees, and displaced individuals by donating BTC, ETH, and BNB to Binance Charity’s Ukraine Emergency Reduction Fund.
What do you concentrate on Ukraine’s choice to promote the Cryptopunk NFT now? Inform us within the feedback part under.
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