Forget War Bonds—Ukraine Is Using War NFTs Instead

Ukraine is launching a virtual NFT history museum. It plans to sell a selection of war-themed NFTs, with the proceeds going to the government’s Ministry of Digital Transformation. 

Ukraine Launches NFT Museum

Ukraine has unveiled an NFT museum to help fund the country’s ongoing war efforts. 

Ukraine’s Vice Prime Minister and Minister of Digital Transformation Mykhailo Fedorov announced the “Meta History: Museum of War” launch in a Friday tweet.

While Russia uses tanks to destroy Ukraine, we rely on revolutionary blockchain tech. @Meta_History_UA NFT-Museum is launched. The place to keep the memory of war. And the place to celebrate the Ukrainian identity and freedom. Check here: https://t.co/IrNV0w54tg

— Mykhailo Fedorov (@FedorovMykhailo) March 25, 2022

The new project has been put together to commemorate Russia’s invasion of Ukraine. It will initially feature 50 Ethereum NFTs, each depicting a significant event from the war, with tweets from official sources accompanied by a piece of artwork from a Ukrainian artist. The events featured in each NFT will come in chronological order based on the unfolding events of the war. They’re available to view via the project’s official website with a drop to follow in the near future.

Each NFT will be sold as a unique piece to raise money to help Ukraine defend itself against Russia, with 100% of the funds going straight to the Ministry of Digital Transformation’s Ethereum wallet. They’ll initially be priced at 0.15 Ethereum. The project will also charge a 10% royalty commission for all subsequent secondary-market sales, a portion of which will go toward the project’s development.

Commenting on the launch, Deputy Minister of Digital Transformation Oleksandr Boryakov said:

“Our enemies are very afraid of the truth, because the truth always wins. It is extremely important to tell the world the real facts about the Russian invasion in Ukraine. Blockchain seems to be a powerful tool to keep the memory of the Russian war crimes, suffering of the peaceful civil people of Ukraine, the heroism of the Ukrainian Armed Forces, the resistance of the Ukrainian people and the whole Putin Blitzfail.”

The Ukrainian government began accepting cryptocurrency donations on Feb. 26, two days after Russia launched its military attack. It’s since received over $100 million from the cryptocurrency community. Most of that came in Bitcoin, Ethereum, and other cryptocurrencies after the Ministry of Digital Transformation posted a request for funds. Meanwhile, major crypto players like Binance, FTX, Crypto.com, and Celsius have separately donated millions of dollars to various initiatives to help Ukraine’s humanitarian efforts. 

Disclosure: At the time of writing, the author of this piece owned ETH and several other cryptocurrencies.