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NFT sale funds Ukraine monument renovation

NFT sale funds Ukraine monument renovation

The Ukrainian government will use the money from the sale of the museum, an online non-fungible token (NFT), to send the art back to where it came from.

The government’s Meta History Museum of Conflict platform, which plans to keep a timeline of major events in Russia’s war with Ukraine, sold 803.28 Ether (ETH), which was worth about $1.3 million at the time. The ministry said that the money from the sale would be used to “restore Ukrainian cultural institutions.” Many of these institutions have been damaged or destroyed by Russian missile attacks.

Oleksandr Tkachenko, Ukraine’s Minister of Culture and Information Policy, said, “During the six months of conflict in Ukraine, the Russians destroyed hundreds of our museums, theaters, and other cultural institutions.” “Ukrainian culture and national heritage have lost about 6 billion euros, and based on what the Russian Federation has done and wants to do, this number will only go up.”

Alexander Bornyakov, the deputy minister of digital transformation and IT development in Ukraine, said:

“nft”[s] Russia won’t stop the missiles, but blockchain technology can help Ukraine’s economy get back on its feet and grow as a country known for its creativity.

We hope that this is the last piece of the NFT, but Russia is still destroying our country.

So, we are the third drop of artifacts about what happened from March 15 to March 31. It has works by Maria Oz, Anton Abo, Oleksiy Dyvishenko, and others.

The Ukrainian government started the Meta History project in March, a month after the first missiles hit Ukrainian sites during the ongoing war. Even though $1.3 million will go to a government-made site that accepts cryptocurrency donations “to help people in the fight for independence,” the Ministry of Culture and Information Policy has said that the money will be used to fix things. will be done for the army supplies of the country.

According to UNESCO, which is in charge of many of the world’s historic sites because of their importance to history, nature, and art, as of Monday, 164 cultural monuments in Ukraine have been destroyed in whole or in part because of the conflict with Russia. There are 72 places of worship, 12 museums, 32 historical buildings, 24 buildings for cultural activities, 17 monuments, and 7 libraries.

“The repeated attacks on Ukrainian cultural sites must stop,” said Audrey Azoulay, the head of UNESCO, in June. “No matter how it looks, cultural heritage should never be attacked.”

Since the war with Russia started in February, more than $100 million in cryptocurrency donations have been sent directly to wallet addresses given by the Ministry of Digital Transformation. Relief for Ukraine said that the cryptocurrency gift would be used to buy military equipment and help for the country.

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