New Delhi: The Vice President of Ukraine and Minister of Digital Transformation, Mykhailo Fedorov took to Twitter on March 25 to announce the launch of the NFT collection ‘Meta History: Museum of War.’ Reportedly, the sales made from the Museum of War NFT would directly go to the official crypto wallet of the Ministry of Digital Transformation of Ukraine in order to provide help to the Ukrainian forces and civilians affected and trapped in the war-torn country.
While Russia uses tanks to destroy Ukraine, we rely on revolutionary blockchain tech. @Meta_History_UA NFT-Museum is launched. The place to keep the memory of war. And the place to celebrate the Ukrainian identity and freedom. Check here: https://t.co/IrNV0w54tg
— Mykhailo Fedorov (@FedorovMykhailo) March 25, 2022
On the website of the NFT collection, certain purposes are enlisted. They are:
- With the help of the NFT collection, the government aims to memorialise the actual chronological events of the invasion period.
- It would help in providing correct information throughout the digital community and in the world.
- Donations in support of Ukraine can be collected through this means.
- The website calls NFTs in the collection of facts accompanied by personal reflections.
- The website ensures a 100% secure deal with the help of smart contracts.
- Besides, NFTs will be sold over the ethereum blockchain.
According to the report by Forbes, the first sale will be collected by a Ukrainian start-up named Fairxyz.com and will feature 5,000 to 7,000 NFTs at the price of around $450 each. Besides, the sale is expected to generate up to $3 million.
Moreover, Fedorov mentioned in his tweet that the revolutionary blockchain technology has been trusted as opposed to Russia which has chosen tanks and weapons to destroy Russia. This new initiative will enable the Ukrainian military and celebrate Ukrainian identity and freedom.
Moreover, the announcement to launch NFT to support the Ukraine army amidst the invasion by Russia was made on March 3, after the government cancelled a planned token airdrop. The Ukrainian government also launched an official website to collect crypto donations on March 14.