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Key Insights:
- UkraineDAO exceeded $6 million in donations as of at this time.
- The Ukrainian Flag fractionalized NFT additionally offered for over 2,250 ETH.
- NFT sale contributors will likely be receiving worthless LOVE tokens within the type of memorabilia.
Assist for Ukraine continues to develop because the world witnessed the tragedy of Russia’s invasion. To assist their battle, donations started coming in first as fiat, then crypto.
Now donations are additionally coming in as NFTs, and their generosity is being rewarded.
Ukraine Sends LOVE
UkraineDAO, in its latest Ukrainian flag sale, managed to snag as much as 2250 ETH value about $6.75 million. This flag NFT has been stated to be a fractionalized NFT.
NFTs of such kind is a single asset divided into a number of models which a number of folks can personal. Following this format, the Russian artwork collective Pussy Riot managed to promote the Ukrainian NFT flag to three,271 donors.
UkraineDAO introduced that they’d quickly be airdropping LOVE tokens to the contributors in response to the identical.
Each donator will likely be receiving the identical quantity of LOVE tokens because the Ethereum they donated. Though the airdrop was purported to exit a number of hours in the past, it acquired delayed.
However on the time of writing, the decentralized autonomous group appears to have distributed all of the LOVE tokens.
❤️ 🇺🇦 Replace – All $LOVE has been dispersed to contributors to the get together bid and direct donations.
You possibly can in fact nonetheless donate on to ukrainedao.eth , however the snapshot for $LOVE is full and absolutely dispersed.
— UkraineDAO (@Ukraine_DAO) March 3, 2022
UkraineDAO has been very clear in regards to the token that it has no utility or worth in any means. The one function it serves is a reminder of the contributions donors made.
The DAO acknowledged that they’d quickly develop extra NFT gross sales to lift cash for warfare efforts.
Together with NFT contributions, the DAO has been elevating cash via crypto donations. As of yesterday, over $6 million had been raised by the DAO.
Donations have been coming in Bitcoin, Ethereum, Polkadot, Dogecoin, Litecoin, and plenty of extra currencies past fiat.
Growth of the Conflict
Each the nations’ delegations on March 3 acquired collectively for the second time to debate ceasefire negotiations however failed to succeed in a consensus.
Russia stands clear on its demand for Ukraine’s demilitarization and abandoning the considered becoming a member of NATO. However since each the circumstances sound inconceivable, the warfare rages on.
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