Ukraine to Launch ‘NFT Museum’ of the Russian-Ukrainian War

Key Insights:

• Ukraine revealed further plans to raise funds by selling NFTs based on war events.
• The government first announced a proposal to drop its NFT collection on March 3.
• Alex Bornyakov believes that Ukraine’s ‘digital diplomacy’ has delivered results.

The ongoing invasion from the Russian Federation has led the Ukrainian government to take different ways to retaliate. Ukraine has now announced that the nation wants to show the world some war moments in the form of NFTs.

NFT War Museum

On Sunday, Ukraine revealed further plans to raise funds by selling NFTs, saying they would feature art depicting news stories about Russia’s invasion.

In an interview, Alex Bornyakov, Ukraine’s deputy minister of digital transformation, said that the NFT collection will be ‘like a museum of the Russian-Ukrainian war.’ He further revealed that they would tell the world about the war ‘in NFT format.’

Crypto assets proved extremely helpful in facilitation of funding flows to the Amed Forces of Ukraine. Huge thanks to everyone who donated to the Crypto Fund of Ukraine.

Each and every helmet and vest bought via crypto donations is currently saving Ukrainian soilders' lives. pic.twitter.com/CghDmXEcJG

— Alex Bornyakov (@abornyakov) March 11, 2022

The nation has developed new ways to employ digital assets to help fund its defense. Funds received from Ukraine’s war NFT collection would be used for the nation’s war efforts, Bornyakov revealed.

The minister noted,

“We don’t use this fund to buy weapons at this point. We’re buying night-vision goggles, optics, helmets, bulletproof vests.”

Each NFT would represent a piece of art depicting a story from the war. Additionally, according to Bornyakov, the collection is expected to be ‘cool and good-looking.’

The government first announced a proposal to drop NFTs on March 3 after calling off a planned airdrop to people donating crypto for the nation’s cause.

Ukraine’s ‘Digital Diplomacy’

The use of digital assets has played a crucial role in the Russian-Ukrainian war. According to Bornyakov, Ukraine’s ‘digital diplomacy’ has delivered results. Several social media platforms have blocked Russian state media like Russia Today and Sputnik.

As reported by FXEmpire, the total amount donated to Ukraine in crypto had crossed $83.5 million as of last week. Of that, 52.54% of the donations went directly to the Ukrainian government. Additionally, Bitcoin and Ether combined made for 67.73% of all donations.

More recently, the G7 countries, the US, and the EU imposed further sanctions on Russia, focused on crypto, as reported by FXEmpire.