Ukraine sells CryptoPunk NFT to aid war efforts

June 21, 2022

By Murtuza Merchant

The Ukrainian government has sold the CryptoPunk NFT for over $100,000, to aid the nation in its war efforts against Russia, the country’s Deputy Minister of Digital Transformation Alex Bornyakov said.

“#CryptoPunk #5364 has been sold for 90 ETH. It’s over $100K. Few months ago this NFT was donated for @_AidForUkraine fund. Crypto community continues to support Ukraine,” the minister tweeted.

The Cryptopunk #5364 NFT was donated to the Ukrainian crypto fund in March in March this year.

The NFT was sold to an anonymous buyer for 90 ETH, worth roughly $100,000 at the time of writing. aa

Ukraine began accepting crypto and NFT donations in late February, shortly after Russian troops invaded the country. Since then, the nation has reportedly raised over $135 million in crypto through cryptocurrency donations and sales of donated NFTs.

In early March, a crypto group raised $6.75 million for the country’s war effort via the sale of a single NFT of the Ukrainian flag. A few weeks ago, the Ukrainian rap group Kalush Orchestra, this year’s Eurovision champions, auctioned off their trophy from the music competition to raise almost $1 million in ETH for the fund.

About the author

Murtuza Merchant is a senior journalist and an avid follower of blockchain and cryptocurrencies.

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