The announcement of the hire comes amid a rapid rise in the CryptoPunk collection’s floor price and trading volume.
After briefly making a low of $17,708, BTC rebounded to trade around $18,100 levels, down 12% in the last 24 hours.
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.
The NFT market has been largely resilient amongst the current bear market conditions. Investors have built substantial NFT portfolios, investing in blue-chip NFT projects as long-term investments.