The recent invasion of Ukraine has thrown the world into a state of uncertainty, instability and geopolitical risk. The turmoil in global financial markets has caused huge losses to millions of investors. With global inflation rising, concerns about dwindling liquidity and the Federal Reserve raising interest rates, disaster is unfolding across the global economy.
Additionally, the decoupling of the SWIFT messaging services of major Russian banks has raised concerns among entrepreneurs in the country, while also affecting other economies with which Russia has close trade ties. With Visa and Mastercard ceasing operations in Russia, there will be further incalculable consequences for the interoperability of their payment systems and the ordinary citizens who rely on them.
Amid all this uncertainty, cryptocurrencies and other assets such as non-fungible tokens (NFTs) have played a key role in trying to mitigate the impact of the conflict in Ukraine.
Ukraine DAO
In partnership with Nadezhda Tolokonnikova, digital artist Trippy Labs, and artist collective PleasrDAO, Ukraine DAO has sold 10,000 Ukrainian flag NFTs on the Ethereum network, as well as a unique flag NFT. To date, Ukraine DAO has raised over $6.7 million to support the Ukrainian military.
A Ukrainian flag NFT sold for 2,258 ETH (approximately $6.5 million at the time of publication) via the Party Bid service. All proceeds from the sale of this NFT are donated to Come Back Alive, an organization that aids the Ukrainian military, volunteers and their families.
Save the Children
The 7.5 million children caught up in the conflict in Ukraine are at risk of displacement, trauma, long-term disruption to education and loss of family income. Save the Children has raised funds to help families hardest hit by the crisis in Ukraine. On its donations page, the initial $19 million solicitation includes cryptocurrency donations. The organization accepts more than 60 cryptocurrencies, including BTC, ETH, USDC, ADA, and DOGE.
Holy Water
Holy Water NFT Series Source: Twitter
More than 500 Ukrainian artists came together to submit artwork to a new NFT collection for sale through Holy Water, raising funds for the people of Ukraine. The artists represent some of the country's best-known galleries, including Port Agency, Izolyatsia and Ugallery. Bidding will start at 0.08 ETH per NFT. Their goal is to raise at least $1 million.
Waone Interesni Kazki
The Seed of a Good Idea Source: AGallery
Renowned Ukrainian contemporary artist Vladimir Manzhos, aka Waone Interesni Kazki, is selling NFTs of his most famous paintings inspired by surrealism and Ukrainian folk tales. 50% of the money raised will go towards defense and medical supplies through the Ukrainian war charity.
Vladimir Manzhos is aiming to raise $7,000 through NFTs of these paintings, which include "The Seed of a Good Idea," "Beta to Alpha Transition," and "Prisoned Mind." These are 1/1 scale NFTs that cost $290 each.
AITX's NFT Sales
Source: AITX
Artificial Intelligence Technology Solutions (AITX) has announced that it will raise funds for humanitarian relief in Ukraine through two avenues, the first of which is a minted NFT containing an image of Roameo produced by Robotic Assistance Devices. Funding is currently being raised through an online auction. The second avenue is a GoFundMe page created by CEO Steve Reinharz to fund a Ukrainian aid organization and reportedly confirmed by the International Red Cross.
NFT by Wladimir Klitschko
Source: DW, Wladimir Klitschko
Olympic champion and boxing icon Wladimir Klitschko has teamed up with artist WhlsBe on an NFT collection. The collectibles will be sold in tiered pricing models of $100, $1,000 and $10,000. Funds from the sale will be sent directly to Ukraine.
NFTs for Ukrainian Defense
Ukraine’s Deputy Prime Minister Mykhailo Fedorov announced that the country’s government will issue NFTs to fund its military operations. The appeal raised approximately $54.7 million for the Ukrainian government and NGOs, with a small portion sent to Come Back Alive.
After careful consideration, we have decided to cancel the airdrop. Every day more and more people are willing to help Ukraine fight back against aggression. Instead, we will soon announce the issuance of NFTs in support of the Ukrainian Armed Forces. We do not have any plans to issue any fungible tokens
— Mykhailo Fedorov (@FedorovMykhailo) March 3, 2022
Reli3F
Reli3F, a Web3 humanitarian initiative led by crypto artists and prominent NFT influencers, has launched a massive NFT sale, including works by 37 artists including Danny Cole, Vinnie Hager, Sartoshi, Gremplin, Ravi Vora, and more. All proceeds from the sale go directly to relief efforts in Ukraine. Within 30 seconds of its initial launch, the NFT project sold out, raising over $1 million.
TIMEpieces
TIMEpieces, an initiative of the TIME Web3 NFT community, has announced an exhibit called "Make Art Not War." 100% of the proceeds raised by the exhibition will be donated to humanitarian relief efforts in Ukraine. According to Time, collectors have minted more than 10,000 NFTs using images from 99 collages, each representing a year in Time's 100-year history.
Forza Ikonia
Source: Twitter
Forza Ikonia has been helping raise funds for various charities in Ukraine, including Doctors Without Borders and Amnesty International. The Kiev and Gothenburg-based incubator launched the NFT project "Stand with Ukraine," comprising 43,287,512 versions of NFTs designed by artist Felipe Posada. Each NFT represents a Ukrainian citizen and sells for just $10.
These NFTs can be purchased by credit or debit card, and all sales proceeds will be sent to charities selected by the platform. Forza Ikonia has raised over $264,000 so far.
ArtWaRksUkrainian
Source: OpenSea
The ArtWaRks Ukrainian NFT project was created by a group of Ukrainian IT entrepreneurs, art historians, artists, and media creators to raise funds for charitable aid to civilians and the Ukrainian military. The project's 57 "ArtWaRks" are listed on OpenSea, selling for about 0.07 ETH ($182) each.
One ArtWaRk in this NFT project comes from former Minister of Culture and Sports Vladimir Borodyansky. Other contributors include IT entrepreneur Ruslan Nonka, co-founders of the NGO Museum of Contemporary Art Yulia Gnat and Olga Balashova, and many other Ukrainian artists.
epilogue
Many cryptocurrency investors see the Russia-Ukraine conflict as a game-changing event that could cement the utility of cryptocurrencies and blockchain technology in people's minds, although it is too early to tell whether this will change how governments around the world view crypto assets and NFTs. too early. What we do know is that digital assets such as NFTs are helping a beleaguered country raise funds to secure its borders.
Innovations of this magnitude don't happen very often, and as blockchains creep into the global consciousness as a powerful and valuable financial technology, NFTs may achieve even more than they currently do.
Cointelegraph Chinese is a blockchain news information platform, and the information provided only represents the author's personal opinion, has nothing to do with the position of the Cointelegraph Chinese platform, and does not constitute any investment and financial advice. Readers are requested to establish correct currency concepts and investment concepts, and earnestly raise risk awareness.
Miyuki
