A generous CryptoPunk donation of $100,000 has been made to support Ukraine's efforts in the ongoing conflict.
The aid initiative for Ukraine managed to sell CryptoPunk #5364 for 90 ETH, equating to roughly $100,000, aiding the country in its resistance against Russian forces. Minister Bornyakov confirmed this exciting news on Twitter.
Since the onset of the conflict in late February, the Aid for Ukraine campaign has successfully raised over $135 million through a mix of cryptocurrency donations and NFT sales. Notably, the Kalush Orchestra, winners of Eurovision, even sold their glass microphone trophy, raising an impressive 500 ETH (around $900,000) for the cause in early June. NFT was worth 78.8 ETH (approximately $208,270).
These funds are specifically allocated to procure non-lethal supplies for Ukraine's armed forces. The responsibility of overseeing transactions for the fund lies with the Ukrainian crypto exchange known as Kuna. raised In light of the current bearish trend in the cryptocurrency market, the recent donations have been directly impacted. CryptoPunk #5364 was sold at a 50% reduction from its original valuation. The Ethereum network, where CryptoPunks reside, has witnessed a staggering 70% depreciation since the start of 2021. It seems that the Aid for Ukraine team opted to proceed with the sale of CryptoPunk, motivated by concerns over declining asset values. auctioned Yesterday, Noah Davis, who leads NFT sales at Christie’s, announced his transition to Yuga Labs as the brand head for CryptoPunks. Curiously, sales numbers surged just prior to this announcement, leading to suspicions expressed on Twitter about potential insider trading at Yuga Labs.
It's fascinating to see how charities are beginning to explore the opportunities available within the Metaverse.
The Ukrainian government has taken a step forward by establishing an NFT Museum of War aimed at fundraising for their military efforts.
DressX is actively supporting Ukraine and its designers during the Metaverse Fashion Week. announced Please keep in mind that the information shared on this platform should not be interpreted as legal, tax, or investment advice. Always invest only what you can afford to lose, and if in doubt, it’s wise to seek professional financial guidance. For more details, we recommend checking the terms and conditions as well as support resources provided by the respective issuer or advertiser. At MetaversePost, we strive for accurate and impartial reporting; however, be aware that market dynamics can shift unexpectedly.
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- Agne is a dedicated journalist who focuses on the latest trends and innovations in the realms of the metaverse, artificial intelligence, and Web3 for the Metaverse Post. Her enthusiasm for storytelling drives her to conduct in-depth interviews with industry experts, constantly on the lookout for captivating narratives. Agne holds a Bachelor's degree in literature and boasts a broad writing portfolio covering various topics, including travel, art, and culture. She has also volunteered as an editor for an animal rights organization, raising awareness of crucial welfare issues. Feel free to connect with her at
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