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A few months ago, the Ukrainian government sold a Cryptopunk NFT donated to support the war-torn country. The country’s Ministry of Digital Transformation said the token had been purchased by an unidentified buyer who spent more than $100,000 in ether for the collectible.
Ukrainian government sells donated Cryptopunk tokens for 90 ETH
Digital Transformation Minister Mykhailo Fedorov and his deputy Alexander Bornyakov announced on social media that Ukrainian authorities have raised more than $100,000 through the sale of Cryptopunk non-fungible tokens (NFTs). The unique collectible was acquired by an unknown investor for 90 ether (ETH).
Breaking news on cryptocurrency donations: #cypherpunk #5364 90 ETH sold. over $100,000.A few months ago, this NFT was donated to @_AidForUkraine fund. The crypto community continues to support Ukraine.
— Alex Bornyakov (@abornyakov) June 20, 2022
The NFT, Cryptopunk #5364, was donated to the Aid Ukraine crypto fundraiser in early March. At the time, Bornyakov tweeted that it was worth 56 ETH, but prior to the recent crypto market crash, ethereum and other cryptocurrencies were much more expensive.
In the early hours of February 24, the Eastern European country of the former Soviet republic was invaded by its larger neighbor, Russia. The Kyiv government and many volunteer organizations have since become increasingly reliant on cryptocurrency donations, including NFTs. The country has raised millions of dollars to fund its defense and humanitarian efforts.
Donated a few months ago #cypherpunk Chapter 5364 is @_AidForUkraine. Now we sold it for 90 ETH / over $100k. Just wanted to thank the crypto community for their generous donations. With your help, we can support our defenders.
— Mykhailo Fedorov (@FedorovMykhailo) June 21, 2022
The global crypto community continues to support Ukraine, Alex Bornyakov noted in a tweet on Monday, announcing the sale of tokens in the Cryptopunk series. “Just wanted to thank the crypto community for their generous donations,” Mykhailo Fedorov, who also serves as Ukraine’s deputy prime minister, tweeted on Tuesday.
Cryptopunks are a collection of NFTs on the Ethereum blockchain. Launched in 2017, the project offers some of the first crypto collectibles. Cryptopunk #5364 is not the first non-fungible token used to raise funds for Ukraine. In March, the sale of Ukrainian flag NFTs raised more than $6.7 million in Ethereum.
You can support Ukrainian families, children, refugees, and displaced people by donating BTC, ETH, and BNB to Binance Charity’s Ukraine Emergency Relief Fund.
What do you think of Ukraine’s decision to sell Cryptotopunk NFTs now? Let us know in the comments section below.
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