UkraineDAO Raises $6.75 Million In ETH Donations For Flag NFT


Ukraine’s NFT public sale has come to a really worthwhile finish: On Wednesday, the nation raised $6.75 million value of ETH after a three-day bidding course of for a picture of its flag.

The bidding course of started on February twenty sixth, when the flag NFT was listed. It ended on March 2nd, in a sale for two,174 ETH.
A protracted record of over 3000 smaller contributors helped deliver that quantity as much as 2,258 ETH. Although value $6.75 million on the time, it’s now value $5.69 million resulting from a decline in ETH’s worth since Wednesday.
Funds had been raised via Partybid – a service that lets individuals pool their belongings collectively in “events” for bidding on NFTs.
UkraineDAO’s subsequent plans are to make use of a POAP (proof of attendance protocol) for all customers that contributed to the DAO, and to assist safely switch the funds to assist Ukraine’s navy. The organizers are working intently with Come Again Alive, the most important basis for supporting Ukraine’s armed forces.
The brand new funds are an addition to the over 240 Bitcoin and 6500 ETH Ukraine has collected from direct donations. Mixed with Polkadot founder Gavin Wooden’s $5 million DOT donation, that’s over $30 million at at the moment’s costs.
Ukraine not too long ago canceled plans for a token airdrop to all of its donors however plans on changing it with some type of NFT sale.

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