$18.6 million in cryptocurrency was sent to Ukraine, with over $2 million coming from NFT sales

Thousands of people have donated millions of dollars in cryptocurrency to assist Ukraine's fight against Russia.

According to blockchain analytics firm Elliptic, the total amount of cryptocurrency donations given to Ukraine's government and NGOs since the commencement of the country's armed war with Russia has approached $19 million, including $1.86 million from one NFT (non-fungible token) collection.

This figure is steadily increasing as donations come in for what has been nicknamed the "world's first crypto war."

Elliptic reported that the crypto war chest included a single $1.86 million gift that "appears to have originated" from the NFT collection "Censored" made by digital artist Pak and Wikileaks founder Julian Assange.

The government of Ukraine also tweeted from its official account on Saturday that it was "now accepting cryptocurrency donations."

Ethereum co-founder Vitalik Buterin, who earlier this week tweeted, "Ethereum is neutral, but I am not," and termed Russia's incursion a "crime," was among numerous crypto heavyweights on Saturday who directed followers to UkraineDAO, which was co-founded by Pussy Riot, Trippy Labs, and PleasrDAO members.

"A chance to help Ukrainians right now!" Buterin penned. "Proceeds go to civilian efforts to assist Ukrainians affected by the fighting."

** Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of USA GAG nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

Follow us on Google News

Filed under

Recent Search