NFT sales will fund the restoration of physical monuments in Ukraine

The Ukrainian authorities will probably be utilizing the proceeds of gross sales from a web based nonfungible token, or NFT, museum to revive art work in the true world.

In line with a Friday announcement and knowledge shared with Cointelegraph, Ukraine’s Ministry of Tradition and Data Coverage mentioned the federal government’s Meta Historical past Museum of Struggle platform, aimed toward preserving the timeline of main occasions in Russia’s warfare with Ukraine, raised 803.28 Ether (ETH) — roughly $1.3 million on the time — by way of NFT gross sales. The ministry mentioned proceeds from the gross sales will go towards “the restoration of Ukrainian cultural establishments,” a lot of which have been broken or destroyed by missile assaults from Russia.

“Throughout the six months of the warfare in Ukraine, the Russians destroyed lots of of our museums, theaters and cultural establishments,” mentioned Oleksandr Tkachenko, Ukraine’s Minister of Tradition and Data Coverage. “Ukrainian tradition and nationwide heritage have been broken by virtually 6 billion euros, and judging by the actions and intentions of the Russian Federation, this determine will solely improve.”

Alexander Borniakov, deputy minister of Digital Transformation of Ukraine for Data Know-how Growth, added:

“NFT[s] is not going to cease Russian missiles, however blockchain know-how will contribute to the financial restoration and improvement of Ukraine as an innovation-friendly nation.”

We want it was the final drop of NFT artworks, however Russia continues to destroy our homeland

Due to this fact we symbolize the third drop of the artworks devoted to occasions between March 15 – 31. It contains masterpieces created by Maria Oz, Anton Abo, Oleksii Dyvysenko and the others. pic.twitter.com/T43keVzVgL

— Meta Historical past: Museum of Struggle (@Meta_History_UA) July 22, 2022

The Ukrainian authorities launched the Meta Historical past venture in March, one month after the primary missiles struck Ukrainian targets within the ongoing battle. Whereas the $1.3 million will go towards Support For Ukraine — a platform launched by the federal government that accepts crypto donations “to assist folks of their combat for freedom” — the Ministry of Tradition and Data Coverage has mentioned the funds will probably be used for restoration somewhat than provides for the nation’s army.

UNESCO, the company behind most of the world’s heritage websites primarily based on their significance to historical past, nature and artwork, reported that as of Monday, 164 cultural websites in Ukraine had been partially broken or destroyed because of the warfare with Russia. These embrace 72 non secular websites, 12 museums, 32 historic buildings, 24 buildings for cultural actions, 17 monuments and 7 libraries.

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

Associated: Ukraine-based blockchain agency declares ‘we’re nonetheless hiring’ amid market downturn, warfare

For the reason that starting of the warfare with Russia in February, Ukraine’s authorities has raised greater than $100 million in crypto donations despatched on to pockets addresses supplied by the Ministry of Digital Transformation. In line with Support For Ukraine, crypto donations go towards supplying the nation’s army in addition to humanitarian help.