A Georgian firm in cooperation with Ukraine’s Digital Data Ministry is promoting off all Russian territory nearly by way of the usage of non-fungible tokens (NFTs), a digital collectible based mostly on blockchain know-how, to troll Putin and supply funds for Ukraine.
To start out, the agency is auctioning off 2,443 areas and cities of Russia in Ethereum cryptocurrency. Thus far, it has bought 23 areas for a complete worth of 18,704 US {dollars}. Those that need to make such a purchase order can achieve this by choosing a spot on the interactive map the corporate has posted on-line at russiaforsale.org/.
Later, the corporate says, it’s going to put up for digital sale main items of Russian structure such because the Kremlin and Putin’s varied palaces; and after that, it has plans to supply on the market the mum of Lenin (rferl.org/a/georgia-nft-sales-russia-ukaine-fundraiser/31814302.html), once more with all proceeds going to assist Ukraine.
In keeping with the corporate’s web site, this represents “a solution to Russian imperialist aggression … Putin is thought for grabbing different nation’s territory. So, let’s give him a style of his personal drugs.” And all indications are that this undertaking and others prefer it are in reality serving to Ukraine.
Crypto-asset tracker Elliptic says that since Putin launched his expanded invasion of Ukraine on February 24, “tens of hundreds of thousands of {dollars}’ value of cryptocurrency donations” have flowed into Ukrainian coffers (elliptic.co/blog/live-updates-millions-in-crypto-crowdfunded-for-the-ukrainian-military).
For a lot of, such crypto-currency gross sales are an unique unknown. However as RFE/RL explains in reporting this one, “NFTs are basically proof of possession of digital property, and their gross sales have skyrocketed lately, together with $69 million for a 13-year-long digital collage by American artist and graphic designer Mike Winkelmann, higher generally known as Beeple.”
The Georgian agency says it has Russian lands obtainable for buy in all sizes and styles to suit any curiosity or pocketbook.