The Ukrainian government launched a non-fungible token collection called “Museum of War”. According to the government’s museum website, all proceeds from sales will be donated directly to the Ministry of Digital Transformation of Ukraine’s official crypto wallets to support the army as well as civilians.

Government of Ukraine’s NFT Collection

The government of Ukraine launched a non-fungible token (NFT), collection called “Meta history: Museum of War ” in order to raise funds for its fight against Russia.

Mykhailo Federalorov, vice-premier of Ukraine and minister of digital transformation in the country, tweeted about the launch of Friday’s NFT collection.

The Museum of War NFT Project’s mission is to “To preserve and spread truthful information among digital communities around the world, to raise donations for support of Ukraine,” as its website explains.

The NFT collection website further details that the collection presents “A chronology of events of the Ukrainian history of modern times, set in stone … The NFTs are facts accompanied by personal reflections.”

Fair.xyz created the collection website for Ukraine’s government and organized the first sale, which is scheduled for Wednesday. The sale is expected to raise between $2 million and $3 million; it will feature 5,000 to 7,000 NFTs priced at around $450 each, Forbes reported, adding that they will be sold over the Ethereum blockchain.

The official Twitter account for the NFT collection explained: “Our warline includes every substantial event of the war … All the NFTs will be sold in chronological order. They will remain hidden until the NFTs are sold.”

Your purchase from Meta History: Museum of War is a 100% good and secure deal because we use a smart contract agreement that sends money directly to the Ministry of Digital Transformation’s wallets to support Ukraine.

Fedorov first announced the Ukrainian government’s plan to launch NFTs to support Ukrainian armed forces on March 3 after the government canceled a planned token airdrop.

On March 14, the Ukrainian government launched an official website to collect donations in cryptocurrencies. President Volodymyr Zelenskyy subsequently signed the law on virtual assets to regulate the crypto market in Ukraine.

What do you think about the Ukrainian government launching the Museum of War NFT project? Comment below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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