CryptoPunk NFT Donates $33M to Ukraine’s Campaign πŸ‡ΊπŸ‡¦



    On Tuesday, CryptoPunk #5364 was sent to Ukraine’s Ethereum wallet, bringing a potentially valuable and sought-after asset to a fundraising drive that has already gathered more than $33 million in cryptocurrencies to far.

    Estimates of the Punk’s worth vary: Tom Robinson of crypto tracing firm Elliptic estimated it to be worth around $200,000 when he flagged the donation late Tuesday; DeepNFTvalue, a blog that uses machine learning to estimate prices for rare NFTs, estimated it to be worth $233,000 when it flagged the donation early Wednesday.

    The punk sold for $31,300 in February 2021, which was the most recent time it was offered for sale. According to the wallet address of the donor, he has a collection of various more Punk figures.

    Over $10 million in ETH, DOT, USDT, and BTC πŸ‘€

    Ethereum Crytpo

    It came as part of a successful streak for Ukraine’s rapidly expanding crypto campaign, which saw over $10 million in ETH, DOT, USDT, BTC, and other crypto tokens collected on Tuesday alone, the single-largest day of fundraising since the country started accepting contributions on February 26.

    More than $14 million in donated cryptocurrency has already been spent on military hardware and supplies for civilians, including food and gas, according to Michael Chobanian, the founder of a Ukrainian cryptocurrency exchange who is assisting the Ministry of Digital Transformation with donation management.

    In response to Russia’s invasion of Ukraine last week, the smaller European country has appealed for assistance in the form of weaponry and financial assistance in order to bolster its efforts to fight its neighbor.

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    Zun Tsu
    Zun Tsu
    NFT enthusiast. Writer. Journalist. Sharer of reliable and sourced news.
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