Ukraine Will Auction Off Received NFT Donations

cryptonews.com:

Ukraine is preparing the launch of a web page where it would auction off around 300 non-fungible tokens (NFTs) the country has received in donations.

Among the donated NFTs, there is a CryptoPunk, which was sent to the country's official Ethereum (ETH) address in early March, according to Etherescan transactions. Alex Bornyakov, deputy minister of Digital Transformation of Ukraine, said he expects the CryptoPunk to fetch about USD 200,000, according to Bloomberg.

Bornyakov noted that the majority of other donated NFTs are not valuable. More specifically, he said between 5% and 10% of the donated NFTs could be valuable.

The Web page could go live as soon as this week, and would also feature 10 NFT collections created by independent firms that have pledged all the proceeds to Ukrainian causes. The sales are slated to take place on major NFT marketplace OpenSea.

“We just want to show how many people are doing this and how they are inspired by those events, and how they want to help Ukraine,” Bornyakov was quotes as saying.

The Ukraine government started accepting crypto donations within the early hours of the Russian invasion, starting with bitcoin (BTC), ethereum, and tether (USDT). However, the country has since extended the list to include a total of 14 cryptoassets.

As reported, in mid-March, Ukraine's Ministry of Digital Transformation, in cooperation with crypto derivatives exchange FTX and staking platform Everstake, launched the country’s crypto fundraising site called Aid For Ukraine.

Per the website, the community has raised more than USD 60m, which includes BTC 432, ETH 9,068, DOT 433,967, SOL 7,626, and USDT 9.2m, among others.

In late March, the Ukraine government launched the “Meta History: Museum of War,” a