Ukraine Raises Over $100,000 From Cryptopunk NFT Sale

Ukraine Raises Over $100,000 From Cryptopunk NFT Sale

The government of Ukraine has sold a Cryptopunk NFT donated in support of the war-torn country a few months ago. The token has been purchased by an unidentified buyer who spent more than $100,000 in ethereum for the collectible, the country’s digital transformation ministry said. Ukraine Government 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, announced on social media. The unique collectible was acquired by an unknown investor for 90 ethers (ETH). 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

The NFT, Cryptopunk #5364, was donated to the Aid for Ukraine crypto fundraising campaign in early March. At the time, Bornyakov tweeted it was worth 56 ETH but the price of ethereum and other cryptocurrencies was significantly higher before the latest crypto market slump.

The East European nation, a former Soviet republic, was invaded by its much larger neighbor, Russia, in the early hours of Feb. 24. The government in Kyiv and a number of volunteer organizations have since increasingly relied on crypto donations, including NFTs. The country has already collected millions of dollars to fund its defense and humanitarian efforts. A few months ago someone donated #CryptoPunk #5364 for @_AidForUkraine. And now we sold it for 90 ETH/ over $100K. Just wanted to thank crypto community for such generous donations. With your help we are able to 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 the token from the Cryptopunk collection. “Just wanted to thank crypto community for such generous donations,” Mykhailo Fedorov, who also serves as Ukraine’s Vice Prime Minister, tweeted on Tuesday.

Cryptopunks is an NFT collection on the Ethereum blockchain. Launched in 2017, the project offered some of the first crypto collectibles. Cryptopunk #5364 is not the first non-fungible token used to collect funds for Ukraine. In March, the sale of an NFT of the Ukrainian flag raised over $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 Collectible, conflict, Crypto, Cryptocurrencies, Cryptocurrency, cryptopunk, Cryptopunk NFT, Donation, donations, fundraising, Funds, nft, NFTs, Russia, russian, Token, Tokens, Ukraine, ukrainian, War

What do you think about Ukraine’s decision to sell the Cryptopunk NFT now? Tell us in the comments section below. Lubomir Tassev

Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being a writer is what I am, rather than what I do.” Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration. Report: Crypto Hedge Fund Three Arrows Capital Pitched a GBTC Arbitrage Trade Before Rumored Collapse NEWS | 3 hours ago Central African Republic President on BTC Volatility: "Mathematics Don"t Account for Human Emotions" NEWS | 16 hours ago

Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleCentral African Republic President on BTC Volatility: ‘Mathematics Don’t Account for Human Emotions’ Next articleEmbr Releases Checkout to Future-Proof Trust in Web3 Payment Experiences Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItFollowing a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days

Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.Today"s Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits Interest in Real Estate Investments in Spain Grew 400%, With Some Using Crypto and Stocks as Payment Method Survey: Adoption in Argentina Grows, With 12 out of 100 Adults Having Invested in Crypto Microbt Reveals Latest Bitcoin Mining Rigs — Machines Produce up to 126 TH/s With Custom 5nm Chip Design