The Ukrainian government has announced the creation of a non-fungible-token (NFT) collection to recount the tale of the country’s invasion by Russia. According to Alex Boryakov, the country’s deputy minister of digital transformation, the collection would be “like a museum of the Russian-Ukrainian conflict.” We wish to inform the world in NFT style.”
NFTs are any digital assets that are recorded on a Blockchain distributed database, such as drawings, paintings, music, GIFs, and so on, for the uninitiated. Because NFTs are immutable, they cannot be modified or updated after they have been uploaded.
According to Bornyakov, each NFT work will reflect a separate tale from the battle. Every piece of art would be accompanied with an authoritative news source. “We want it to be cool, good-looking, and it takes time,” he told.
According to Merkle Science, Ukraine has already received over $88 million in cryptocurrency contributions, and the government presently holds roughly $7 million in Ethereum in its wallet. The Ukrainian government has asked for funds in Bitcoin, Ethereum, Tether, and Polkadot, as well as Dogecoin, TRON, Solana, and NFTs.
Boryakov revealed in a tweet on March 11 that the cryptocurrency proceeds were used to buy goggles, optics, helmets, and protective vests. At least 5500 bulletproof launchers, 500 ballistic plates, 3,427 pharmaceuticals, 60 walkie talkies, 410,000 packed lunches, 3,125 thermal imagers, and 500 helmets have been acquired using bitcoin contributions from across the globe.