It took cross-border sanctions and an escalating warfare for the Ukrainian authorities to appreciate the significance of cryptocurrencies because it witnessed uninterrupted financial assist within the type of crypto and nonfungible tokens (NFT).
In a continued effort to help the wants of its residents and the nation, the Deputy Minister of Digital Transformation of Ukraine, Alex Bornyakov, introduced the sale of a CryptoPunks NFT for 90 Ether (ETH) that was acquired as a donation on April 20, 2022.
Breaking information on crypto donations: #CryptoPunk #5364 has been offered for 90 ETH. It’s over $100K. Few months in the past this NFT was donated for @_AidForUkraine fund. Crypto group continues to help Ukraine.
— Alex Bornyakov (@abornyakov) June 20, 2022
The CryptoPunk 5364 NFT was donated to the Aid For Ukraine marketing campaign by consumer 0x165cd3 who procured the art work on March 1, 2022, for 16.19 ETH, which was price $31,722 on the time. Soon after the NFT was donated to Ukraine, it received a purchase supply for 100 ETH price $288,414 on April 27 — the best bid it ever acquired.
Fast ahead to June 19, Ukraine offered CryptoPunk 5364 for 90 ETH price $102,640. However, the client, 0xc08f6d, spent $103,523 to compensate for the Ethereum gasoline charges.
The NFT belongs to a set of 6039 Male punks, a pixelated variation of male characters.
Related: Third non-EU nation, Ukraine, joins the European Blockchain Partnership
Ukraine grew to become the third nation that is not a member of the European Union —after Norway and Liechtenstein — to affix the European Blockchain Partnership (EBP) as an observer. Following this transfer, the nation plans to increase its interstate blockchain community partnership with different nations.
Konstantin Yarmolenko, founder and CEO of Virtual Assets of Ukraine advised Cointelegraph about Ukraine’s curiosity in operating test-node of the EBSI and pilot use circumstances of the cross-border public providers based mostly on the blockchain know-how.
He additional highlighted that the crypto donations through the Russia-Ukraine warfare “proved as important support,” stating:
“Next step is full blockchain integration of Ukraine and EU based on EBP/EBSI initiatives.”