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CryptoPunk That Was Donated to Ukraine Sold for 90 ETH

Ukraine sold a donated CryptoPunk, which it received in May. The NFT was sold for over $100k or 90 ETH. The sale was made in order to support Ukraine’s war effort. Ukraine...
CryptoPunk That Was Donated to Ukraine Sold for 90 ETH © Reuters CryptoPunk That Was Donated to Ukraine Sold for 90 ETH

  • Ukraine sold a donated CryptoPunk, which it received in May.
  • The NFT was sold for over $100k or 90 ETH.
  • The sale was made in order to support Ukraine’s war effort.

Ukraine sold its donated CryptoPunk NFT for 90 ETH ($100k) to aid the Ukrainian war effort against Russia. The Ukrainian government announced the sale of the NFT that was received as a donation for its fundraising campaign in March.

The deputy minister of digital transformation in Ukraine, Alex Bornyakov, tweeted about the sale in one of his recent tweets. The CryptoPunk #5364 was sold for 90 ETH to an anonymous buyer. The sale has raised $100k to support the war efforts against Russia.

In late February, just after Russian soldiers entered the country, Ukraine began receiving crypto and NFT donations. Since then, the government is said to have raised more than $135 million in cryptocurrencies through cryptocurrency donations and the sale of given NFTs.

The recent acquisition of CryptoPunk NFTs by Yuga Labs has also spiked its value. Ukraine raised over $6.75 million in March by selling an NFT of the Ukrainian flag. The crypto donations that poured in heavily aided the country in purchasing non-lethal supplies for its military.

Ukraine’s use of cryptocurrency throughout the crisis has acted as a prime example of the significant potential of crypto in geopolitical situations when fiat cash is difficult to transfer fast or wholly blocked from transactions.

The current bear market has also affected the value of donations received in crypto and NFT. The tumultuous fall of bitcoin, ethereum, and other alts has caused them to shed considerable value during the harsh market conditions. The same CryptoPunk NFT, if sold in March, would have cashed in over $267,000.

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07-07-2022 23:59:03 (UTC+7)

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 EUR/USD1.0156↑ Sell
 GBP/USD1.2008Neutral
 USD/JPY136.02↑ Buy
 AUD/USD0.6835↑ Sell
 USD/CAD1.2987↑ Buy
 EUR/JPY138.15↑ Buy
 EUR/CHF0.9892Buy
 Gold1,741.70↑ Buy
 Silver19.242Neutral
 Copper3.5697Buy
 Crude Oil WTI103.81↑ Sell
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 US Coffee C218.78Neutral
 Euro Stoxx 503,488.50↑ Sell
 S&P 5003,892.20Neutral
 DAX12,843.22Neutral
 FTSE 1007,189.08↑ Sell
 Hang Seng21,643.58↑ Buy
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 IBEX 358,122.50↑ Buy
 BASF41.300↑ Buy
 Bayer56.59Sell
 Allianz178.46Buy
 Adidas169.28↑ Buy
 Lufthansa5.764↑ Buy
 Siemens AG97.71↑ Buy
 Deutsche Bank AG7.983↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,765/ 6,825
(-5/ -5) # 1,893
SJC HCM6,785/ 6,845
(0/ 0) # 1,914
SJC Hanoi6,785/ 6,847
(0/ 0) # 1,916
SJC Danang6,785/ 6,847
(0/ 0) # 1,916
SJC Nhatrang6,785/ 6,847
(0/ 0) # 1,916
SJC Cantho6,785/ 6,847
(0/ 0) # 1,916
Cập nhật 07-07-2022 23:59:06
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Cập nhật lúc 18:49:11 07/07/2022
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