It required mix-border sanctions as well as an escalating war for that Ukrainian government to understand the significance of cryptocurrencies because it observed uninterrupted financial aid by means of crypto and nonfungible tokens (NFT).
Inside a ongoing effort to assist the requirements of its citizens and also the nation, the Deputy Minister of Digital Transformation of Ukraine, Alex Bornyakov, announced the purchase of the CryptoPunks NFT for 90 Ether (ETH) which was received like a donation on April 20, 2022.
Breaking news on crypto donations: #CryptoPunk #5364 continues to be offered for 90 ETH. It’s over $100K. Couple of several weeks ago this NFT was donated for @_AidForUkraine fund. Crypto community is constantly on the support Ukraine.
— Alex Bornyakov (@abornyakov) June 20, 2022
The CryptoPunk 5364 NFT was donated towards the Aid For Ukraine campaign by user 0x165cd3 who acquired the artwork on March 1, 2022, for 16.19 ETH, that was worth $31,722 at that time. Right after the NFT was donated to Ukraine, it had a buy offer for 100 ETH worth $288,414 on April 27 — the greatest bid it ever received.
Go forward to June 19, Ukraine offered CryptoPunk 5364 for 90 ETH worth $102,640. However, the customer, 0xc08f6d, spent $103,523 to pay for that Ethereum gas charges.
The NFT is associated with an accumulation of 6039 Male punks, a pixelated variation of male figures.
Related: Third non-EU country, Ukraine, joins the ecu Blockchain Partnership
Ukraine grew to become the 3rd country that is not part of the Eu —after Norwegian and Liechtenstein — to participate the ecu Blockchain Partnership (EBP) being an observer. After this move, the nation intends to expand its interstate blockchain network partnership along with other countries.
Konstantin Yarmolenko, founder and Chief executive officer of Virtual Assets of Ukraine told Cointelegraph about Ukraine’s curiosity about running test-node from the EBSI and pilot use installments of the mix-border public services in line with the blockchain technology.
He further highlighted the crypto donations throughout the Russia-Ukraine war “proved as vital support,” stating:
“Next step is full blockchain integration of Ukraine and EU according to EBP/EBSI initiatives.”
