June 29, 2022
By Anjali Kochhar
Amid the ongoing war between Russia and Ukraine and its subsequent destruction of Ukraine’s architectural marvels, museums and other cultural sites, Ukraine plans to digitize and use NFTs for every single piece of art or history announced by the President of the Blockchain Association of Ukraine, Michael Chobanian.
This has been done to immortalize and save its architectural marvels, museums, and other cultural sites.
Ukraine has launched a Museum of War NFTs collection to raise crypto funds and preserve the memory of its ongoing war with Russia.
The country plans to use NFTs to save a piece of art or history.
“Today we are announcing a new project [aimed at] how we can save the DNA of the Ukrainian people, Ukrainian culture and Ukrainian history,” Chobanian said. “Right now, they are bombing museums, churches, and cultural sites. So before they are destroyed…we’re going to digitize every single piece of art or history that we have in museums. We’re going to NFT it and put it on the blockchain,” Chobanian said.
The project is a blockchain-community-led initiative and NEAR Protocol will be the first blockchain partner of the project.
The vice prime minister of Ukraine and the minister of digital transformation, Mykhailo Fedorov, announced the launch of the NFT collection.
“While Russia uses tanks to destroy Ukraine, we rely on revolutionary blockchain tech. The first government NFT project was Ukraine’s MetaHistory NFT Museum, which was created to preserve facts about the war intended to defy. It is extremely important to bring all the Ukrainian heritage on the chain and offer it to the world and preserve it forever,” he said.
According to the museum website, All the funds from the sale will go directly to the official crypto-accounts of the Ministry of Digital Transformation of Ukraine to support the army and civilians.
Ukraine has already leveraged crypto and blockchain to finance its defense against Russia’s invasion, raising over $135 million in crypto from donors around the world by mid-May, analytics firm Crystal Blockchain. It will feature 5,000 to 7,000 NFTs priced at around $450 each, sold over the Ethereum blockchain.
About the author
Anjali Kochhar covers cryptocurrency stories in India as well as globally. Having been in the field of media and journalism for over three years now, she has developed a sharp news sense and works hard to present information that goes beyond the obvious. She is an avid reader and loves writing on a wide range of subjects.