Ukraine Launches NFT ‘Museum Of War’ To Raise Funds For Its Military

Ukraine has launched a non-fungible token (NFT) ‘Museum of War’ to remember the war and to raise funds for its military. Mykhailo Fedorov, Ukraine’s minister of digital transformation took to Twitter to announce the new initiative.

“While Russia uses tanks to destroy Ukraine, we rely on revolutionary blockchain tech,” Fedorov tweeted, adding that the new venture would help “keep the memory of war” and “celebrate the Ukrainian identity and freedom.”

According to data from blockchain analytics firm Elliptic, more than 102,000 crypto asset donations reaching a value of $54.7 million have already been submitted to the Ukrainian government and Come Back Alive, an NGO whose aim is to support the military, since the beginning of the war. That number is only set to increase with this latest creative venture from the country.

Ukraine’s NFTs currently cost about 0.15 ether, an equivalent of just over $475.