10,000 Ukrainian Flags Minted as NFTs to be Bought on The Sandbox

As the continued warfare between Russia and Ukraine enters its second month, lots of people have stood with Ukraine, as its individuals and economic system proceed to endure from the pangs of the destruction the warfare ushered in.

In a current transfer, as many as 10,000 Ukrainian flags, modelled as Non-Fungible Tokens (NFTs) are up on the market on the Mauer web site. 

The mission, which is focused at elevating funds to help the individuals of Ukraine most affected by the continued warfare, is dubbed, ‘Wave With Ukraine’. It’s in collaboration with The Sandbox, the famend blockchain gaming protocol.

Every Ukrainian NFT flag will value $100 and will likely be on the market from March 30 to April 15. Per the associated fee value per unit NFT, and the related complete, the Wave with Ukraine NFT is poised to generate at most $1,000,000, all of which will likely be donated to charities vetted by MAUER’s Ukrainian staff in a bid to make sure that the raised funds make most impression.

As a method to enable huge participation, the NFT flags might be acquired by means of cryptocurrencies or by cost playing cards, each of that are supported by the Mauer platform. As a method to present solidarity, The Sandbox mentioned it might match the raised funds greenback for greenback, which means the mission is predicted to donate a complete of $2 million if it receives the right participation.

Ukraine has acquired greater than $100 million in funding from the digital forex ecosystem alone. Whereas mainstream governments have continued to help Ukraine with humanitarian funds, the solidarity that the digital forex ecosystem has proven has revealed how the nascent asset class can be utilized as a power for good.

With distinguished cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Tron (TRX), and Solana (SOL) amongst these donated, NFTs have additionally proven it’s equally viable as an asset within the donation scene.

Picture supply: Shutterstock