The sale of NFT will finance the restoration of monuments in Ukraine

The Ukrainian authorities will use the proceeds from the on-line museum’s sale of non-fungible tokens (NFTs) to revive genuine works of artwork.

According to Friday’s announcement and data shared with Cointelegraph, Ukraine’s Ministry of Culture and Information Policy, a government-backed struggle meta-history museum platform that goals to protect a chronology of key occasions in Russia’s struggle with Ukraine, has raised 803.28 ether (ETH). about $1.3 million throughout that point – by means of NFT gross sales. The ministry mentioned proceeds from the sale can be used to “rehabilitate Ukrainian cultural establishments” broken or destroyed by Russian missile assaults.

“During the six-month struggle in Ukraine, the Russians destroyed a whole bunch of our museums, theaters and cultural establishments,” mentioned Oleksandr Tkachenko, Minister of Culture and Information Policy of Ukraine. 6 billion euros and in view of the actions and intentions of the Russians. Federation, this quantity will solely develop.

Oleksandr Bornyakov, Deputy Minister of Digital Transformation of Ukraine for Information Technology Development:

“The NCT will not cease Russian missiles, however it will provide Ukraine a option to develop as an innovation-friendly nation and rebuild its economic system.”

The non-profit group, backed by the Ukrainian authorities, launched the Meta History mission in March, a month after its first rockets hit Ukrainian targets in the ongoing battle. While $1.3 million was spent on the government-launched platform Aid For Ukraine, which accepts cryptocurrency donations “to help individuals in their battle for freedom,” the Ministry of Culture and Information Policy mentioned the funds can be used for restoration. nation’s military.

As of Monday, 164 cultural websites in Ukraine had been partially broken or destroyed because of this of the struggle with Russia, based on UNESCO, the company behind many world heritage websites based mostly on their significance to historical past, nature and artwork. It contains 72 non secular objects, 12 museums, 32 historic buildings, 24 buildings for cultural occasions, 17 monuments and 7 libraries.

“Repeated assaults on Ukrainian cultural websites should cease,” UNESCO director-general Audrey Azoulay mentioned in June. “Cultural heritage, in all its kinds, shouldn’t be focused underneath any circumstances.”

Since the begin of the struggle with Russia in February, the Ukrainian authorities has raised greater than $100 million in cryptocurrency donations despatched on to pockets addresses offered by the Ministry of Digital Transformation. According to Aid For Ukraine, the cryptocurrency donation is meant to offer army and humanitarian support to the nation.

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