Thursday, September 29, 2022
HomeNFTUkrainian news outlets will sell NFTs to secure $1 Million

Ukrainian news outlets will sell NFTs to secure $1 Million

Three Ukrainian news organisations have joined hands with an NFT platform to sell access to exclusive information in order to continue reporting on the continuing conflict in their nation.

According to many sources, the news outlets — Ukrainska Pravda, Hromadske, and Novoye Vremya — are working with NFT platform Vault to secure $1 million in digital products. Approximately 10,000 NFT keys will be sold to aid news organisations in their present efforts to cover the Russian offensive for Eastern European and English-speaking audiences.

This isn’t the first time Ukraine has turned to cryptocurrency as a source of funding. According to Elliptic, a London-based blockchain analytics startup, the Ukrainian government has raised over $60 million from over 120,000 bitcoin donations since Russia’s invasion of Ukraine.

Ukraine’s bitcoin crowdfunding campaign started on February 26, 2022, barely two days after Russia launched its military offensive. Meanwhile, as of Monday, a Go Fund Me campaign for The Kyiv Independent, Ukraine’s biggest English-language news outfit, has raised roughly $1 million.

It’s a wrap for this story.

 

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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