Home Litecoin UkraineDAO Donations Cross $6M As Ukraine Flag NFT Sells for $6.75M

UkraineDAO Donations Cross $6M As Ukraine Flag NFT Sells for $6.75M

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Key Insights:

  • UkraineDAO exceeded $6 million in donations as of at the moment.
  • The Ukrainian Flag fractionalized NFT additionally bought for over 2,250 ETH.
  • NFT sale contributors shall be receiving worthless LOVE tokens within the type of memorabilia.

Assist for Ukraine continues to develop because the world witnessed the tragedy of Russia’s invasion. To assist their battle, donations started coming in first as fiat, then crypto.

Now donations are additionally coming in as NFTs, and their generosity is being rewarded. 

Ukraine Sends LOVE

UkraineDAO, in its latest Ukrainian flag sale, managed to snag as much as 2250 ETH value about $6.75 million. This flag NFT has been mentioned to be a fractionalized NFT.

NFTs of such kind is a single asset divided into a number of items which a number of individuals can personal. Following this format, the Russian artwork collective Pussy Riot managed to promote the Ukrainian NFT flag to three,271 donors.

UkraineDAO introduced that they might quickly be airdropping LOVE tokens to the contributors in response to the identical.

Each donator shall be receiving the identical quantity of LOVE tokens because the Ethereum they donated. Though the airdrop was presupposed to exit a number of hours in the past, it acquired delayed.

However on the time of writing, the decentralized autonomous group appears to have distributed all of the LOVE tokens.

UkraineDAO has been very clear concerning the token that it has no utility or worth in any manner. The one goal it serves is a reminder of the contributions donors made. 

The DAO said that they might quickly develop extra NFT gross sales to lift cash for struggle efforts.

Together with NFT contributions, the DAO has been elevating cash via crypto donations. As of yesterday, over $6 million had been raised by the DAO.

Donations have been coming in Bitcoin, Ethereum, Polkadot, Dogecoin, Litecoin, and plenty of extra currencies past fiat.

Growth of the Battle

Each the nations’ delegations on March 3 acquired collectively for the second time to debate ceasefire negotiations however failed to achieve a consensus.

Russia stands clear on its demand for Ukraine’s demilitarization and abandoning the considered becoming a member of NATO. However since each the circumstances sound inconceivable, the struggle rages on.

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