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Blockchain

10,000 Ukrainian Flags Minted as NFTs to be Sold on The Sandbox

As the continued battle between Russia and Ukraine enters its second month, lots of people have stood with Ukraine, as its individuals and economic system proceed to undergo from the pangs of the destruction the battle ushered in.

UFLAG2.jpg

In a current transfer, as many as 10,000 Ukrainian flags, modelled as Non-Fungible Tokens (NFTs) are up for sale on the Mauer web site. 

The venture, which is focused at elevating funds to assist the individuals of Ukraine most affected by the continued battle, is dubbed, ‘Wave With Ukraine’. It is in collaboration with The Sandbox, the famend blockchain gaming protocol.

Each Ukrainian NFT flag will price $100 and can be on the market from March 30 to April 15. Per the price price per unit NFT, and the related whole, the Wave with Ukraine NFT is poised to generate at most $1,000,000, all of which is able to be donated to charities vetted by MAUER’s Ukrainian workers in a bid to make sure that the raised funds make most impression.

As a approach to enable large participation, the NFT flags can be acquired by means of cryptocurrencies or by fee playing cards, each of that are supported by the Mauer platform. As a approach to present solidarity, The Sandbox mentioned it might match the raised funds greenback for greenback, that means the venture is anticipated to donate a complete of $2 million if it receives the correct participation.

Ukraine has obtained greater than $100 million in funding from the digital foreign money ecosystem alone. While mainstream governments have continued to assist Ukraine with humanitarian funds, the solidarity that the digital foreign money ecosystem has proven has revealed how the nascent asset class can be used as a power for good.

With distinguished cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Tron (TRX), and Solana (SOL) amongst these donated, NFTs have additionally proven it’s equally viable as an asset within the donation scene.

Image supply: Shutterstock

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