Ukraine has generated another batch of funds from the cryptocurrency market, after the country sold the highly-valued non-fungible token (NFT) known as CryptoPunk #5364, to finance its war against Russia.
In a recent tweet, Ukraine’s Deputy Minister of Digital Transformation, Alex Bornyakov, revealed that the CryptoPunk was offered for sale at the price of 90 Ethereum.
The tweet read: “Breaking news on crypto donations: #CryptoPunk #5364 has been sold for 90 ETH. It’s over $100K. Few months ago this NFT was donated for @_AidForUkraine fund. Crypto community continues to support Ukraine.”
According to reports, the 90 ETH is worth $100,000. before the sale of CryptoPunk, Ukraine had generated $6.75 million from the sale of its flag turned into an NFT, as it enjoyed backing from the digital currency community amid the war.
Since Ukraine released its cryptocurrency wallet to the public in February, the government of Ukraine has received $135 million in donations from the cryptoasset community.
The CryptoPunk that was sold for $100,000 was given to Ukraine in March, and at that time, it was worth $260,000, but the current dip in the crypto market has affected the value of Ethereum and other cryptocurrencies.
SUPPORT NIGERIAN CANADIAN NEWS
If you like our work and want to keep enjoying what we offer, kindly support us by donating to the Nigerian Canadian News through the button below.