The Ukrainian government has launched a “Museum of War” non-fungible token (NFT) collection. The government has created a museum website that explains how all the proceeds of sales will directly go to the Ministry of Digital Transformation of Ukraine’s official crypto wallets to aid the civilians and the army.
Government of Ukraine’s NFT Collection
The government of Ukraine has launched a non-fungible token (NFT) collection called “Meta History: Museum of War” to raise funds in its fight against Russia.
Mykhailo Fedorov, vice prime minister of Ukraine and the country’s minister of digital transformation, tweeted announcing the launch of the NFT collection Friday.
The mission of the Museum of War NFT project is “To preserve the memory of the real events of that time, to spread truthful information among the digital community in the world, and to collect donations for the support of Ukraine,” its website explains.
The NFT collection website further details that the collection presents “A chronology of events of the Ukrainian history of modern times, set in stone … The NFTs are facts accompanied by personal reflections.”
Fair.xyz created the collection website and organized the first sale, which is scheduled for Wednesday. Forbes reports that the sale will raise $2 million to $3 million. It will include 5,000 to 7,00 NFTs, each priced around $450, and will also be available over Ethereum.
The official Twitter account to the NFT collection explained: “Our warline includes every substantial event of the war … All the NFTs will be sold in chronological order. Their content will be hidden until the NFT is sold.” It adds:
Your purchase from Meta History: Museum of War is a 100% good and secure deal because we use a smart contract agreement that sends money directly to the Ministry of Digital Transformation’s wallets to support Ukraine.
Fedorov first announced the Ukrainian government’s plan to launch NFTs to support Ukrainian armed forces on March 3 after the government canceled a planned token airdrop.
A website was created by the Ukrainian government to solicit donations of cryptocurrencies on March 14. In response, President Volodymyr Zeleskyy signed the law on virtual asset regulation in Ukraine.
How do you feel about the Ukrainian government’s Museum of War NFT initiative? Comment below.
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