After Pussy Riot raised $6.6 million by selling a pic of the Ukrainian flag as a NFT, Ukraine has decided to issue a NFT collection to secure the funds needed by the armed forces.
According to Ukraine's vice-prime minister, Mykhailo Fedorov, the country has abandoned plans to award crypto donors with a 'AirDrop,' a word used to indicate a free distribution of a digital asset, and will instead issue its own collection of NFTs to fund its conflict with Russia.
"We will announce NFTs to support Ukrainian Armed Forces soon. We DO NOT HAVE any plans to issue any fungible tokens," he declared in a tweet on Thursday.
After careful consideration we decided to cancel airdrop. Every day there are more and more people willing to help Ukraine to fight back the agression. Instead, we will announce NFTs to support Ukrainian Armed Forces soon. We DO NOT HAVE any plans to issue any fungible tokens
According to the Financial Times, Ukraine's embrace of digital assets as a means of funding its military forces comes after it raised around $200 million in "war bonds."
Over the last few weeks, cryptocurrency adoption has exploded in Ukraine, with Bitcoin tradin...