NFT sales will fund the restoration of physical monuments in Ukraine


The Ukrainian authorities might be utilizing the proceeds of gross sales from an internet nonfungible token, or NFT, museum to revive paintings in the actual world.

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Based on a Friday announcement and knowledge shared with Cointelegraph, Ukraine’s Ministry of Tradition and Info Coverage said the federal government’s Meta Historical past Museum of Warfare platform, aimed toward preserving the timeline of main occasions in Russia’s struggle with Ukraine, raised 803.28 Ether (ETH) — roughly $1.3 million on the time — by NFT gross sales. The ministry mentioned proceeds from the gross sales will go towards “the restoration of Ukrainian cultural establishments,” lots of which have been broken or destroyed by missile assaults from Russia.

“Throughout the six months of the struggle in Ukraine, the Russians destroyed tons of of our museums, theaters and cultural establishments,” mentioned Oleksandr Tkachenko, Ukraine’s Minister of Tradition and Info Coverage. “Ukrainian tradition and nationwide heritage have been broken by nearly 6 billion euros, and judging by the actions and intentions of the Russian Federation, this determine will solely improve.”

Alexander Borniakov, deputy minister of Digital Transformation of Ukraine for Info Expertise Improvement, added:

“NFT[s] is not going to cease Russian missiles, however blockchain know-how will contribute to the financial restoration and improvement of Ukraine as an innovation-friendly nation.”

The Ukrainian authorities launched the Meta Historical past challenge in March, one month after the primary missiles struck Ukrainian targets within the ongoing battle. Whereas the $1.3 million will go towards Support For Ukraine — a platform launched by the federal government that accepts crypto donations “to assist individuals of their battle for freedom” — the Ministry of Tradition and Info Coverage has mentioned the funds might be used for restoration fairly than provides for the nation’s army.

UNESCO, the company behind lots of the world’s heritage websites based mostly on their significance to historical past, nature and artwork, reported that as of Monday, 164 cultural websites in Ukraine had been partially broken or destroyed on account of the struggle with Russia. These include 72 non secular websites, 12 museums, 32 historic buildings, 24 buildings for cultural actions, 17 monuments and 7 libraries.

“These repeated assaults on Ukrainian cultural websites should cease,” said UNESCO director-general Audrey Azoulay in June. “Cultural heritage, in all its kinds, shouldn’t be focused underneath any circumstances.”

Associated: Ukraine-based blockchain agency pronounces ‘we’re nonetheless hiring’ amid market downturn, struggle

For the reason that starting of the struggle with Russia in February, Ukraine’s authorities has raised greater than $100 million in crypto donations despatched on to pockets addresses supplied by the Ministry of Digital Transformation. Based on Support For Ukraine, crypto donations go towards supplying the nation’s army in addition to humanitarian help.

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