x
Black Bar Banner 1
x

Welcome to Markethive

$18.6M in Crypto Sent to Ukraine Includes Almost $2M From NFT Sales

Posted by Andries Van Tonder on February 28, 2022 - 7:44am

$18.6M in Crypto Sent to Ukraine Includes Almost $2M From NFT Sales

Thousands of people have donated millions in crypto to help support Ukraine vs. Russia.

By Justin Doom

The tally of cryptocurrency donations sent to Ukraine's government and NGOs since the start of its armed conflict with Russia is nearing $19 million, including $1.86 million from one NFT (non-fungible token) collection, according to blockchain analytics firm Elliptic.

That total is rising rapidly as donations pour in for what's been dubbed the "world's first crypto war."

The crypto war chest includes a single donation of $1.86 million that "appears to have originated," Elliptic wrote, from the NFT collection "Censored" created by digital artist Pak and Wikileaks founder Julian Assange.

The government of Ukraine also tweeted from its official account on Saturday that it was "now accepting cryptocurrency donations."

Ethereum co-founder Vitalik Buterin, who earlier this week tweeted, "Ethereum is neutral, but I am not," and called Russia's invasion "a crime," was among the many crypto leaders on Saturday who pointed followers to UkraineDAO, co-founded by Pussy Riot, Trippy Labs, and members of PleasrDAO.

"An opportunity to support Ukrainians here!" Buterin wrote. "Proceeds go to civilian efforts helping Ukrainians suffering from the war."

Decrypt will continue to update this post with the latest totals for crypto donations to Ukraine.

Andries Van Tonder People dont want war Adonel, thanks for reading it
March 1, 2022 at 5:41am
Adonel Lowings Great support to Ukraine
February 28, 2022 at 5:55pm
Andries Van Tonder thank you Otto
February 28, 2022 at 10:05am
Andries Van Tonder thank you Corneliu
February 28, 2022 at 10:05am
Corneliu Boghian good info, thanks for sharing
February 28, 2022 at 8:49am