One of the most lucrative non-fungible token collection (NFT), Bored Ape Yacht Club, just donated $1 million in Ether to Ukraine’s official Ethereum wallet address to support the country amidst Russian invasion.
Russia’s invasion of Ukraine over the past couple of weeks has managed to garner support from across the globe, starting from other countries to scores of anonymous crypto traders. Along with conventional military aid, Ukraine has received millions in crypto donations since the war started. On February 26, the the Ukrainian government had urged for crypto donations in a tweet through its official Twitter account, asking for help in the form of Bitcoin, Ether, and USDT.
NFT Collection To Support Humanitarian Efforts
According to a report by Blockchainjournal on February 28, Ukaraine had already reached more than $14.2 million in digital asset donations till that day. This included a single donation worth $1.86 million that was supposedly originated from the sale of NFTs originally intended to raise funds for Julian Assange.
In the latest development, one of the most recognized NFT collections in existence, The Bored Ape Yacht Club (BAYC), announced a donation of $1 Million in Ethereum (ETH) in support of the Ukrainian humanitarian crisis. According to their official twitter account, BAYC posted an Etherscan transaction link, which showed it sent ETH 388.999, inspired by contributions from its community members which, on its own, appears to have crossed the $1 million mark.
The donation comes following almost an equal amount coming from crypto wallets that also contained a Bored Ape NFT. The iconic NFT collection tweeted,
“It’s been inspiring seeing our community come together in support of Ukraine – almost $1m in ETH has been donated to Ukraine by wallets containing a BAYC ecosystem NFT. Today we’re matching that with a $1m ETH donation of our own.”
Crypto Donations Rain Down
According to leading blockchain analytics firm, Elliptic, Ukaraine has already raised almost around $60.5 million, through more than 120,000 crypto asset donations since the start of the Russian invasion. This includes a $5.8 million donation by Polkadot founder, Gavin Wood.
Recently, a CryptoPunk NFT worth approximately $200,000 has also been sent to the Ukrainian government’s Ethereum account. UkraineDAO has auctioned off an NFT of the Ukrainian flag for $6.5 million in ETH – the 10th most expensive NFT ever sold. The proceeds are to be donated to the Come Back Alive, a Ukrainian NGO which supports the military.
