How Ukraine uses NFTs in its war with Russia

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Late last month, just days after Russia began its bloody invasion of Ukraine, the Ukrainian government began receiving cryptocurrency donations, accepting everything from Bitcoin and Ethereum, to similar currencies such than Dogecoin. So far, the donation campaign has would have raised funds equivalent to $63.8 million, including a one-time gift of $5 million from Peas founder Gavin Wood, nearly $2 million tied to a collaboration between Julian Assange and digital artist Pak, and a CryptoPunk NFT valued at around $200,000.

Now, the Ukrainian government itself is getting into the crypto space, releasing a series of NFTs that will document the war and help raise funds for the country. Issued by the Ministry of Digital Transformation, NFTs will go on sale starting today (March 29), listed at 0.15 ETH (about $500).

Title Meta-history: War Museumthe NFT project is described as “an NFT-museum of Putin’s Russia’s war against Ukraine”, currently comprising 54 blockchain-based digital images that are presented as a timeline of the invasion.

Each NFT includes a tweet that marks a significant moment in the ongoing war, such as President Volodymyr Zelensky’s video messages to the people of Ukraine, or NATO’s call for Russia to cease its assault on February 26. Each tweet is accompanied by an illustration, produced in collaboration with Ukrainian NFT artists. So far, the collection spans the first three days.

100% of the proceeds of the impending sale will be donated to “official crypto accounts of the Ministry of Digital Transformation of Ukraine” and distributed to support the military and civilians of the country, drawing comparisons with war bonds – debt securities issued by a government in times of conflict, to help fund the military and fight inflation.

As noted by the founders of the project, NFTs are also intended to combat Russian propaganda and disinformation. “Disinformation is used by Russia in the same way as lethal military weapons in Ukraine,” reads a tweet from the official. Meta-history Account. “The NFT Museum is based on a deep intention to keep the memory of the real events of the war via the blockchain and to collect charitable donations to support Ukraine.”

Since the outbreak of war, Ukraine has taken swift action to legalize the crypto sector, which will be regulated by its National Securities and Stock Exchange Commission. The shift to crypto-assets is important because it allows the country to bypass much of the bureaucracy and administration involved in international donations. Blockchain technology will also allow Ukraine to receive a share of all future sales of its Meta-history NFTs, which buyers will be allowed to auction through secondary markets.

Take a look at Ukrainian NFTs via the Meta-history “line of war” here.

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