As the continuing struggle between Russia and Ukraine enters its second month, lots of people have stood with Ukraine, as its folks and economic system proceed to endure from the pangs of the destruction the struggle ushered in.
In a current transfer, as many as 10,000 Ukrainian flags, modelled as Non-Fungible Tokens (NFTs) are up on the market on the Mauer web site.
The undertaking, which is focused at elevating funds to assist the folks of Ukraine most affected by the continuing struggle, is dubbed, ‘Wave With Ukraine’. It’s in collaboration with The Sandbox, the famend blockchain gaming protocol.
Every Ukrainian NFT flag will price $100 and can be on the market from March 30 to April 15. Per the associated fee value per unit NFT, and the related whole, the Wave with Ukraine NFT is poised to generate at most $1,000,000, all of which can be donated to charities vetted by MAUER’s Ukrainian staff in a bid to make sure that the raised funds make most impression.
As a technique to permit huge participation, the NFT flags will be acquired by cryptocurrencies or by cost playing cards, each of that are supported by the Mauer platform. As a technique to present solidarity, The Sandbox stated it might match the raised funds greenback for greenback, which means the undertaking is anticipated to donate a complete of $2 million if it receives the right participation.
Ukraine has obtained greater than $100 million in funding from the digital foreign money ecosystem alone. Whereas mainstream governments have continued to assist Ukraine with humanitarian funds, the solidarity that the digital foreign money ecosystem has proven has revealed how the nascent asset class can be utilized as a pressure for good.
With distinguished cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Tron (TRX), and Solana (SOL) amongst these donated, NFTs have additionally proven it’s equally viable as an asset within the donation scene.
Picture supply: Shutterstock
