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Nftnews Today NFT sales will fund the restoration of physical monuments in Ukraine

The Ukrainian authorities might be utilizing the proceeds of gross sales from a web-based nonfungible token, or NFT, museum to revive paintings in the actual world.

In keeping with a Friday announcement and knowledge shared with Cointelegraph, Ukraine’s Ministry of Tradition and Data Coverage said the government-supported Meta Historical past Museum of Struggle platform, geared toward preserving the timeline of main occasions in Russia’s struggle 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.

“Through the six months of the struggle in Ukraine, the Russians destroyed a whole bunch 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.”

Oleksandr Borniakov, deputy minister of Digital Transformation of Ukraine for Data Know-how Improvement, added:

“The NFT is not going to cease Russian missiles, nevertheless it provides a manner for Ukraine to develop as an innovation-friendly nation and to rebuild its economic system.”

With the help of the Ukrainian authorities, a non-profit 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 Help For Ukraine — a platform launched by the federal government that accepts crypto donations “to help folks of their combat for freedom” — the Ministry of Tradition and Data Coverage has mentioned the funds might be used for restoration moderately than provides for the nation’s navy.

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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 on account of the struggle with Russia. These include 72 spiritual 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,” said UNESCO director-general Audrey Azoulay in June. “Cultural heritage, in all its varieties, shouldn’t be focused below any circumstances.”

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

Because the starting of the struggle with Russia in February, Ukraine’s authorities has raised greater than $100 million in crypto donations despatched on to pockets addresses offered by the Ministry of Digital Transformation. In keeping with Help For Ukraine, crypto donations go towards supplying the nation’s navy in addition to humanitarian support.

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