Klitschko Is Releasing NFTs To Help Ukraine

Quick Summary

  • Wladimir Klitschko is promoting NFTs that will help Ukraine. These NFTs are available for 3 weeks on Opensea with different prices of $100, $1,000 and $10,000. 

Wladimir Klitschko, a former Ukrainian heavyweight boxing champion, has developed a collection of non-fungible tokens (NFTs) to aid the country’s war-torn motherland. Ukraine is defending itself against Russia’s aggression. In the midst of his country’s crises, the accomplished boxer has teamed up with artist WhIsBe.

related: Pussy Riot Helps With Raising Funds For Ukraine

Launch date and Pricing of NFTs

On Wednesday, March 9th, the collectibles were made available through OpenSea. This drop sale will last for three weeks. Each NFT was in the blue and yellow colors of the Ukrainian flag. 

The NFTs in the collections are available at various pricing ranges, including $100, $1,000, and $10,000, to accommodate a variety of budgets. A one-of-a-kind NFT is also available for $1 million. The money raised from NFT sales will go straight to Ukraine in its current defense against Russian forces.

Partners involved in this project

Partners who contributed to the collection’s success have also agreed to waive their costs. Vitali Klitschko, Klitschko’s brother, is the mayor of Kyiv, said: 

„It is a magnificent initiative: a support through art, a superb ‚support‘ at the service of people who suffer. Art can be beautiful on many levels when used to serve humanity”.

The producers of the collection, Metacurio founders Sophie Watt and Jeff Hood, added:

„This is not just a chance to own an astonishing piece of art history but, more importantly, an easy way to directly support the people of Ukraine who are in crisis right now”.

Where will the funds go?

According to a statement made by Metacurio, all the revenues from NFT sales will go to Red Cross Ukraine and UNICEF. Both organizations are addressing the humanitarian crisis on the ground.

According to the Red Cross, over 30,000 food and hygiene packs have been provided across the country. They provide food, warm clothing, and assistance to an estimated 8,000 people who have taken refuge in metro stations. A total of 2,000 persons have been trained in first aid. The Klitschko brothers, along with Vitali, have become symbols of Ukraine’s resistance to Russia’s invasion, with both pledging to stay in the nation and fight.

Donations over the past week

Hundreds of millions of dollars in the cryptocurrency have been contributed to support Ukrainian civilians and soldiers in the last week, including $200,000 CryptoPunk sent to the country’s official wallet. The sale of a one-of-a-kind NFT of the Ukrainian flag garnered more than $6 million for a decentralized autonomous organization (DAO) backed by the Russian protest group Pussy Riot.

Conclusion

Ukraine’s Vice Prime Minister, Mykhailo Fedorov, tweeted last week about receiving foreign help in the form of cryptocurrency, and the crypto community has so far donated more than $70 million. An airdrop was initially planned to reward those who contributed money to the crypto fundraising campaign.

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sources: economictimes, coinmarketcap

author: Rene Remsik, Hafiz Awaiw

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.