The Ukrainian government has sold Cryptopunk NFTs donated several months ago to aid the war-torn country. The tokens were purchased by an unidentified buyer who spent more than $100,000 in Ethereum for collectibles, the country’s Ministry of Digital Transformation said.
Ukrainian Government Sells Donated Cryptopunk Tokens for 90 ETH
Ukrainian authorities raised more than $100,000 from the sale of Cryptopunk non-fossil tokens (NFT), said Digital Transformation Minister Mykhailo Fedorov and his deputy Alexander Bornyakov announced on social media. This unique collectible was acquired by an unnamed investor for 90 ether (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
NFT, Cryptopunk #5364, was donated to the Aid for Ukraine crypto fundraising campaign in early March. At the time, Bornyakov tweeted that it was worth 56 ETH, but the price of Ethereum and other cryptocurrencies was significantly higher before the latest crypto market downturn.
The Eastern European country, a former Soviet republic, was invaded by its much larger neighbor, Russia, in the early hours of February 24. Kiev’s government and many volunteer organizations have since come to rely more and more on encrypted donations, including from the NFT. The country has already raised millions of dollars to fund 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 Monday, announcing the sale of tokens from the Cryptopunk collection.” Just want to thank the crypto community for such a generous donation,” Mykhailo Fedorov, who also serves as Ukraine’s Deputy Prime Minister, tweeted Tuesday.
Cryptopunksis an NFT collection on the Ethereum blockchain.Launched in 2017, the project provided some of the first crypto collectibles.Cryptopunk #5364, a fund for Ukraine It is not the first NFT token used to collect; in March, the sale of the Ukrainian flag NFT raised over $6.7 million in Ethereum.
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