Ukraine sells donated CryptoPunk NFT to fund war

The war-affected nation, Ukraine, just sold an NFT donated to her when the war with Russia started. There was a fundraising project started to support the country, and a major part of donations sent have been in crypto assets. And one of the donations given is the Cryptopunk NFT.

News of the sale was made public by the country’s Deputy Minister of Digital Transformation:

Breaking news on crypto donations: #CryptoPunk #5364 has been sold for 90 ETH. It's over $100K. Few months ago this NFT was donated for @_AidForUkraine fund. Crypto community continues to support Ukraine.

— Alex Bornyakov (@abornyakov) June 20, 2022

Although the NFT was purchased at 90 ETH, amounting to about $100,000, the buyer remains anonymous. The initial value of the crypto asset was 16.19 ETH on February 21, 2021, when it was purchased. However, the price as of March 03, 2022, was 68.9 ETH. And then the downward trend in the price of Ethereum as well as most crypto assets affected it.

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Crypto Donations to Ukraine

Ukraine has received a massive response from the world and thanks to cryptocurrencies and blockchain assets as well, breaking the barrier for anyone to support the nation. In total, it isestimated that the country has received more than $135 million worth of crypto-based donations.

From the $6.75 million sales of its national flag to donations from Binance Charity…

#Binance is donating $10M to help the humanitarian crisis in Ukraine & @BinanceBCF launched the crypto-first crowdfunding Ukraine Emergency Relief Fund. 🇺🇦

Our focus is providing on-the-ground support. We just care about the people.

➡️ https://t.co/2vLFFbf5ac pic.twitter.com/vNSo9F3x7i

— CZ 🔶 Binance (@cz_binance) February 27, 2022

FTX CEO also announced their donations to all Ukrainians:

we just gave $25 to each Ukrainian on FTX

do what you gotta do

— SBF (@SBF_FTX) February 24, 2022

There are also further calls for support for Ukraine.

At @consensus2022 I wanted to remind people that Ukraine is fighting not only for its survival, but also to protect the world's peace. Strategically Russia has already lost. Our victory is a matter of time. It's extremely important to keep supporting Ukraine to make it happen. pic.twitter.com/ksp3Fctizc

— Alex Bornyakov (@abornyakov) June 11, 2022

With this, blockchain technology is showing new possibilities around the world where people can be helped by anyone, anytime, and at any place.