In an thrilling little bit of current information, the official crypto fund of Ukraine has simply bought its CryptoPunk! The sale occurred early on June twentieth and notably, the CryptoPunk bought for a hefty 90 ETH sum – over $100K at present costs.
The story of Ukraine and CryptoPunk #5364
On March 2nd, a couple of week after Russia’s invasion of Ukraine started, an nameless pockets donated CryptoPunk #5364 to Ukraine’s crypto pockets. Certainly, this is only one of many NFT and crypto donations that Ukraine acquired because the blockchain group rallied across the nation. So far, Ukraine has reportedly raised over $135 million in donations.
Now, the official Ukraine Crypto Fund has bought the CryptoPunk to a special nameless purchaser for 90 ETH. Alex Bornyakov, Ukraine’s Deputy Minister of Digital Transformation, tweeted in regards to the NFT sale yesterday, June twentieth. Whereas the Punk in query was valued at the next greenback quantity earlier than the current market crash, that is clearly nonetheless a major increase for the fund. By the identical token, the sale was considerably above the present CryptoPunks ground value, which is sitting at 67.45 ETH.
To sum up, the crypto fund helps buy important, non-lethal gadgets for Ukraine’s navy. This contains issues like bulletproof vests and medical provides. Notably, whereas the federal government of Ukraine endorses the fund, it doesn’t truly management the fund. In different phrases, the Ukraine authorities itself didn’t promote the CryptoPunk. Quite, the Ukrainian crypto alternate Kuna operates the treasury, funding the purchases by volunteers.
Naturally, consideration on the battle in Ukraine has dipped because the early days of the battle. In any case, it’s definitely encouraging to see that the NFT house continues to search out methods to assist Ukraine.
The journalist is a writer and digital nomad. Loves thinking, learning, and writing about all things Web3, particularly its impact on major creative industries.