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, 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, through the sale of Cryptopunk non-fungible tokens (NFTs). The unique collectible was acquired by an unknown investor for 90 ether (ETH).

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.

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.

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Cryptopunks are a collection of NFTs on the Ethereum blockchain. Launched in 2017, the project 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.

tags in this story

Collectibles, Conflict, Crypto, Cryptocurrencies, Cryptocurrency, cryptopunk, Cryptopunk NFT, Donation, Donation, Fundraising, Funds, nft, NFTs, Russia, Russian, Tokens, Tokens, Ukraine, Ukrainian, War

What do you think of Ukraine’s decision to Cryptotopunk NFTs now? Let us know in the comments section below.

Lubomir Tasev

Lubomir Tassev, a journalist from tech-savvy Eastern Europe, likes Hitchens’ famous quote: “Being a writer is who I am, not what I do.” Beyond crypto, blockchain and fintech, international politics and The economy is two other sources of inspiration.

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