Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

The Bored Ape Yacht Club has donated $1M in Ethereum to Ukraine


The NFT collection of the Bored Ape Yacht Club (BAYC) revealed on Tuesday that it has contributed $1 million to the nation of Ukraine’s official Ethereum wallet address, according to a press release.

Using its Twitter account, the NFT collection tweeted the information along with a transaction link from the Etherscan blockchain, which showed that it had contributed 388.999 ETH (a little more than $1 million) after being motivated by donations from its community members.

According to the OpenSea marketplace’s statistics, the BAYC is now the second-largest NFT collection of all time, with approximately 417,000 ETH ($1 billion) in secondary sales to its credit as of December 2017.

Several different Web3 groups, ranging from decentralized autonomous organizations (DAOs) to memecoin holders to non-fungible token (NFT) collectors, have launched projects and activities aimed at helping to Ukraine’s disaster aid.

In all, Ukraine has received more than $88 million in cryptocurrency contributions to far, according to statistics compiled by Merkle Science, and the Ukrainian government presently owns around $7 million in Ethereum in its cryptocurrency wallet.

About Nicolle

She is an Indian Freelance writer. She loves thinking, learning, and writing about all things Web3.

Latest NFT News, Trendings and Tutorials, right in your inbox, every Monday

IMPORTANT DISCLAIMER: All content provided here in our website, hyperlinked sites, social media accounts and other platforms are for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them.

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *