Ukrainian government launches NFT “Museum of War” collection

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The Ukrainian government has launched a collection of non-fungible tokens (NFT) “War Museum”. All proceeds from the sale will go directly to the official crypto wallets of Ukraine’s Ministry of Digital Transformation to support the military and civilians, according to the museum’s website set up by the government.

Ukrainian Government NFT Collection

The Ukrainian government has launched a collection of non-fungible tokens (NFTs) called “Meta History: Museum of War” to raise funds in its fight against Russia.

Mykhailo Fedorov, Ukrainian Deputy Prime Minister and the country’s digital transformation minister, tweeted announcing the launch of the NFT collection on Friday.

Ukrainian government launches NFT collection

The mission of the Museum of War NFT project is “to preserve the memory of the real events of this time, to spread truthful information among the digital community in the world and to collect donations for the support of Ukraine”, explains its site. website.

The NFT Collection website further states that the collection presents “A chronology of events in modern-day Ukrainian history, set in stone…NFTs are facts accompanied by personal reflections”.

Fair.xyz built the collection website for the Ukrainian government and organized the first sale scheduled for next Wednesday. The sale is expected to bring in between $2 and $3 million; it will feature 5,000 to 7,000 NFTs priced at around $450 each, Forbes reported, adding that they will be sold on the Ethereum blockchain.

The Official NFT Collection Twitter Account Explain“Our war line includes all substantial events of the war… All NFTs will be sold in chronological order. Their contents will be hidden until the NFT is sold. He adds :

Your purchase from Meta History: Museum of War is 100% safe and secure because we use a smart contract that sends money directly to Ministry of Digital Transformation wallets to support Ukraine.

Fedorov first announcement the Ukrainian government’s plan to launch NFTs in support of the Ukrainian Armed Forces on March 3 after the government canceled a planned token airdrop.

On March 14, the Ukrainian government launched an official website to collect cryptocurrency donations. President Volodymyr Zelenskyy then signed the Virtual Assets Law to regulate the crypto market in Ukraine.

What do you think of the Ukrainian government’s launch of the Museum of War NFT project? Let us know in the comments section below.

Kevin Helms

An economics student from Austria, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests include Bitcoin security, open source systems, network effects, and the intersection between economics and cryptography.

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