As the continued warfare between Russia and Ukraine enters its second month, lots of people have stood with Ukraine, as its folks and economic system proceed to endure from the pangs of the destruction the warfare ushered in.
In a latest transfer, as many as 10,000 Ukrainian flags, modelled as Non-Fungible Tokens (NFTs) are up on the market on the Mauer web site.
The undertaking, which is focused at elevating funds to help the folks of Ukraine most affected by the continued warfare, is dubbed, ‘Wave With Ukraine’. It’s in collaboration with The Sandbox, the famend blockchain gaming protocol.
Every Ukrainian NFT flag will price $100 and can be on the market from March 30 to April 15. Per the price value per unit NFT, and the related complete, the Wave with Ukraine NFT is poised to generate at most $1,000,000, all of which can be donated to charities vetted by MAUER’s Ukrainian staff in a bid to make sure that the raised funds make most affect.
As a solution to permit huge participation, the NFT flags will be acquired by cryptocurrencies or by fee playing cards, each of that are supported by the Mauer platform. As a solution to present solidarity, The Sandbox stated it will match the raised funds greenback for greenback, which means the undertaking is anticipated to donate a complete of $2 million if it receives the right participation.
Ukraine has acquired greater than $100 million in funding from the digital foreign money ecosystem alone. Whereas mainstream governments have continued to help Ukraine with humanitarian funds, the solidarity that the digital foreign money ecosystem has proven has revealed how the nascent asset class can be utilized as a power for good.
With distinguished cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Tron (TRX), and Solana (SOL) amongst these donated, NFTs have additionally proven it’s equally viable as an asset within the donation scene.
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