IOI
On March 25, Ukraine’s Vice Prime Minister and Minister of Digital Transformation, Mykhailo Fedorov, announced the inauguration of the National Film Theatre’s ‘Meta History: Museum of War’ collection on Twitter. The proceeds from the Museum of War NFT collection would go directly to the Ministry of Digital Transformation of Ukraine’s official crypto wallets, which would be used to help the troops and civilians affected by and caught in the ongoing Ukraine-Russia military war.
The following are the reasons behind the step, according to the NFT collection’s website:
- With the NFT collection, the government hopes to memorialise the true historical events of the invasion period.
- It would aid in the distribution of accurate information across the digital community and the globe.
- It would assist in the gathering of funds for Ukraine’s support.
- NFTs in the collection are described on the website as “facts with personal reflections.”
- Using smart contracts, the website assures a 100 percent safe transaction.
- NFTs will be available for purchase on the Ethereum blockchain.
According to Forbes.com, the initial sale will be organised by Fairxyz.com, a Ukrainian crypto start-up, and will include 5,000 to 7,000 NFTs valued at roughly $450 each. Up to $3 million is estimated to be raised from the auction.
Fedorov tweeted that Ukraine has put its faith in groundbreaking blockchain technology, as opposed to Russia, which has chosen to destroy Ukraine with tanks and armaments. He went on to say that the new project would be utilised to support the Ukrainian military as well as commemorate Ukrainian identity and freedom. After the government delayed a scheduled token airdrop, the Ukrainian government announced its plan to launch NFTs to support the Ukrainian military on March 3. On March 14, the Ukrainian government opened an official website to collect cryptocurrency donations.
