Ukraine’s Digital Transformation Ministry approves charity NFT project benefiting war efforts

NFTs • May 13, 2022, 10:18AM EDT
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Mykhailo Fedorov, Vice Prime Minister of Ukraine and Minister of Digital Transformation of Ukraine, on Thursday tweeted out support for Avatars for Ukraine, a non-fungible token (NFT) project directly benefiting humanitarian and defense tactics in Ukraine. 

The project involves 70 digital artworks that emerged as a result of the Russia-Ukraine war, featuring Ukrainian imagery and resistance to Russian forces. All proceeds from digital art sales fund Ukrainian war endeavors. Avatars for Ukraine is approved by the Ukrainian Ministry for Digital Transformation and will release its first NFT on May 19. 

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This is not the first time that Ukrainian officials adopted blockchain technology to fund efforts for the war. In April of this year, the Ukrainian government launched a website for people to buy and sell NFTs that benefit Ukraine’s war efforts in addition to raising over $100 million in crypto donations. 

Avatars for Ukraine also joins a trend of NFT projects helping to donate funds to charity, usually involving some or all of the proceeds of NFT art directly benefiting a charitable organization.

About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.

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