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The signing was made with the aim of helping Ukraine financially after the invasion it is suffering from Russia.
To date UkraineDAO has collected both donations from PartyBird; a platform that allows joint auctions for NFTs, such as direct donations of ETH.
They were supported by Pussy Riot and Trippy Lab, brands that are widely known in the NFT and DAO world.
Non-Fungible Tokens (NFTs) have joined the trend this 2022which is why many industries have already joined the work on projects that have this technology, as well as in the news that is currently relevant throughout the world, such as the case of violent conflict between Russia and Ukraine, where many people have already expressed their concern and ask to take the “flag of peace”.
NFTs are digital assets certified using blockchain technology. Specialists on the subject point out that the cryptography of these tokens is what makes these assets unique, so no two are the same, and they cannot be exchanged with each other and prove that the person who bought it is its sole owner.
According to data from Statista, as of July 15, 2021, the added value of NFT sales over 30 days amounted to approximately 31.5 million. In addition, a Chainalysis report, NFTs moved $26.9 billion in cryptocurrency transactions in 2021.
They sell NFT of the Ukrainian flag in millionaire sum
Since Thursday, February 24, the attacks perpetrated by the Russian army against Ukraine, when invading that European country, were recorded. In the face of this armed conflict, many world governments have already rejected the violent action of Russia and have launched various sanctions that affect the government of Vladimir Putin.
As various actions have also arisen to show support for the people of Ukraine, as they are suffering these attacks of violence. Currently, a sale organized by UkraineDAO, a crowdfunding campaign (a collaborative project financing mechanism developed on the basis of new technologies), He sold a Ukrainian NFT flag for 2,100 Ethereums, which is equivalent to a figure of around 5.5 million dollars.
1- $LOVE TLDR (and thread) 🇺🇦🇺🇦🇺🇦
✅ Funds (over $6M / 2100ETH) safu in the ukrainedao.eth multisig
✅ We will combine party bid contributions & direct ETH contributions with a snapshot tomorrow at 6AM EST
✅ $LOVE tokens distributed tomorrow evening https://t.co/It87H0mTYi— UkraineDAO (@Ukraine_DAO) March 2, 2022
According to the firm, this sale was made with the aim of helping Ukraine financially after the invasion it is suffering from Russia. So donors will receive ‘LOVE’ tokens, that have no use or value, but represent the contribution to “a good cause”.
The UkraineDAO website details that the number of ‘LOVE’ tokens you receive It will be equal to the amount of Ethereum that each person donates.
They also explain that they were supported by Pussy Riot and Trippy Lab, brands that are widely known in the NFT and DAO world.
The money raised will be used to supply goods to civilians and military in Ukraine.
This action is part of a donation that will go to Come Back Alive, which is an organization that supplies goods to civilians and military in Ukraine.
To date UkraineDAO has collected both donations from PartyBird; a platform that allows joint auctions for NFTs, such as direct donations of ETH.
This fundraising is added to the one that is also being carried out so that the government of Ukraine receives direct donations in cryptocurrencies.
Let us remember that on February 26, the Ukrainian government headed by Volodymyr Zelensky tweeted the addresses of your Bitcoin, Ethereum and USDT wallets, among others, so that anyone who wants to contribute can directly help the country at this time it is going through.
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