Thursday, October 6, 2022
HomeLaw & PoliticsUkraine to construct an NFT museum as a memento for Russia’s invasion

Ukraine to construct an NFT museum as a memento for Russia’s invasion

Ukraine’s government intends to produce a collection of non-fungible tokens (NFT) to act as a digital museum to commemorate Russia’s attack on Ukraine, and thus the war in general. Some speculate that this is just another ploy by the regime to leverage digital assets to fund its military activities in the ongoing war.

Ukraine’s Deputy Minister of Digital Transformation, Alex Bornyakov, believes that the government intends to preserve history by using NFTs to tell the world their story. He went on to say that the projects may take years to complete since they want them to be widely acceptable while also looking appealing.

According to Alex, each NFT will be derived from war-related reports from reputable news organisations. These NFTs will have one-of-a-kind artwork from the selected stories, obtained from “reliable sources.”

This latest step came after the Ukrainian government received approximately $100 million in cryptocurrency aid in its official wallets. In a tweet, Alex Bornyakov expresses his gratitude to individuals who have contributed to Ukraine’s crypto fund, as well as a breakdown of how some of the funds were spent.

What do you think about the idea of NFT museum? Comment below.

Read more: Basketball giant LeBron James all set to score in NFT too, files Trademark

Kunal Krishan
Kunal is an investment space writer who firmly believes investment is something which should not be a choice but a part of everyone's life.
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