Ukraine's government has recently launched a fundraising campaign through the sales of NFTs (non-fungible tokens) in effort to preserve the country's history in the wake of Russia's invasion.
Mykhailo Federov, Ukrainian Minister of Digital Transformation, has advertised the NFT collection's launch on Twitter (NYSE: TWTR), stating that "while Russia uses tanks to destroy Ukraine, we rely on revolutionary blockchain tech."
The sales toward the Ministry of Digital Transformation will ultimately work to support the Ukrainian army and its citizens. This NFT collection, which has already accumulated over $65 million, is titled "Meta History: Museum of War." It consists of a collection of 54 digital images, such as silhouettes of warplanes, screenshots of news reports, and a cartoonish picture of an explosion in the war.
Each image signifies a different day or occurrence in the war. According to a message on the NFT collection's website, it was created with the intention "to spread truthful information among the digital community in the world and to collect donations for the support of Ukraine."
This Ukrainian NFT collection, part of a prior plan to "airdrop" free tokens to those who had given some form of cryptocurrency to the Ukraine, had been announced earlier in March. This airdrop plan, however, fell through from a scam as well as complaints regarding whether or not all cryptocurrency donors would earn the tokens.
Ukraine's Ministry of Digital Transformation has generally had a positive influence on the war against Russia. It primarily uses the Internet and cryptocurrency to take a stance when it comes to having a "digital battle" against Russia.
"We are the first in the world to introduce this new warfare. And it's powerful, yet simple at the same time," Oleksandr Bornyakov, Ukraine's deputy minister of digital transformation, told Politico earlier this month. "It's impossible to disrupt it or break it down."
Some of the other supplies that the Ukraine has purchased with cryptocurrency donations are bulletproof vests, helmets, lunches, and medical supplies.