Cryptocurrencies
Ukraine Raises $600,000 Through Museum NFT Sales to Help Rebuild
- The government sold more than 1,200 NFTs in the first day
- The money will go toward rebuilding the country’s museums
Ukrainian soldiers at a checkpoint near the Odessa National Academic Theater of Opera and Ballet in the center of Odesa, Ukraine, on March 18.
Photographer: Nathan Laine/BloombergThis article is for subscribers only.
The Ukrainian government raised more than $600,000 through nonfungible token sales that will be used to rebuild museums, theaters and other cultural institutions destroyed since Russia’s invasion in February.
Ukrainian MetaHistory NFT-Museum sold 1,282 artworks on its first day of sales, raising 190 Ether cryptocurrency tokens for the Ministry of Digital Transformation of Ukraine, the museum said in an email. The NFTs are meant to document the war through artwork that features rubble and destruction, Ukrainian soldiers, fires burning and the Ukrainian flag.