Bored Ape Yacht Club Donates $1 Million in Ethereum to Ukraine Following Community Efforts – Bitcoin News

On March 8, the team behind the Bored Ape Yacht Club (BAYC) donated $1 million in ethereum to the Ukraine government’s ether wallet. BAYC donated these funds to help match donations made by BAYC community members who have raised almost $1 million for Ukraine.

BAYC Matches Community Donations, Sends $1 Million in Ether to Ukraine Government’s Ethereum Wallet

Statistic from seven different cryptocurrency donation programs indicates that Ukraine has received $40.58 Million worth of Ethereum-based digital assets as of the date of writing. Dune Analytics’ Ukraine cryptocurrency donations tracker has recorded all donations to Ukraine that were sent to addresses other than government.

Merkle Science also has a tracker for Ukraine’s crypto donations. To date, it has recorded $90.55 Billion in crypto donations. Merkle Science tracks donations in crypto tokens like bitcoin (BTC), DOGE (DOGE), POLYGON (MATIC), BNB (SOL), DOT (and NEAR).

The official Twitter account of the non-fungible token project Bored Ape Yacht Club, (BAYC), was created Tuesday. tweeted that it donated $1 million in ethereum (ETH) to the Ukraine government’s ether address. It also shared the link to etherscan.io, which shows the transaction.

“It’s been inspiring seeing our community come together in support of Ukraine – almost $1 [million] in ETH has been donated to @Ukraine by wallets containing a BAYC ecosystem NFT,” the official BAYC Twitter account wrote. “Today we’re matching that with a $1 [million] ETH donation of our own.”

Bored Ape Yacht Club, a highly-respected NFT project has experienced significant demand over the past twelve months. According to dappradar.com, BAYC ranks fifth in NFT projects by total sales with $1.4 Billion.

At the moment, the floor price for a BAYC NFT at its cheapest is $204.840. This is 74.64ETH. Today, there are approximately 2,04 billion BAYC NFTs. Merkle Science’s tracker shows that donations to Ethereum-based assets account for approximately 40.8% while donations to bitcoin (BTC), capture 28.7% as of the writing.

You can support Ukrainian families, children, refugees and displaced people by donating BTC, ETH and BNB to Binance Charity’s Ukraine Emergency Relief Fund

What do you think about the BAYC ethereum donation to Ukraine’s government address? Comment below and let us know how you feel about the subject.

Jamie Redman

Jamie Redman is the News Lead for Bitcoin.com News. He also lives in Florida and works as a journalist covering financial technology. Redman joined the cryptocurrency community in 2011 and has been an active member ever since. Since 2011, Redman has been an active member of the cryptocurrency community. Redman has contributed more than 5,000 articles to Bitcoin.com News since September 2015. These articles are about disruptive protocols that are emerging.