The Eurovision winning group sells trophies at 500 ETH to help Ukraine

The Eurovision winning group sells trophies at 500 ETH to help Ukraine

Eurovision winner Kalush Orchestra raised US 900 900,000 during the auction of musical instrument trophies and sent money to a foundation supporting Ukraine during the war with Russia.

The winning bid was from the cryptocurrency exchange Whitebeat and was in the form of 500 Ether (ETH). In addition to the physical microphone, the winning band received a non-fungible token (or NFT) from the trophy.

“You are too much. Thanks to everyone who donated to this auction and special thanks to the team at WhiteBit who bought the trophy for $ 900K and are now the new owners of our trophy. “

Ukraine’s newly opened NFT Museum “Meta History: Museum of War”, which hosted the auction on its platform, described the auction as a “victory” for both Ukraine and the crypto world.

Auction participants had the option to place bids in both cryptocurrency and fiat – fiat currency bids were placed by the Ukrainian virtual bank Monobank.

The pink cap he wore during the performance of the song “Stefania” in Turin, Italy, raised আরও 370,000 in Fiat coins.

According to the band, the money raised through the auction will be used for the purchase of three drones and redirects to a control center for the needs of Ukrainian forces by the charity fund of popular Ukrainian TV presenter Serhiy Pritul.

Millions of crypto grants

According to blockchain forensic firm Elliptic, Ukraine began donating cryptocurrencies as soon as Russia invaded the country in late February, raising $ 63.8 million as of March 11.

There were more than 120,000 contributions, including a 8 5.8 million grant from Gavin Wood, founder of Polcadot, and a single transaction equivalent to $ 1.86 million in revenue from the sale of the NFT “censored” collection created by WikiLeaks founder Julian Assange. , And Digital Artist Pak.

Another big donation came in the form of CryptoPunk # 5,364, which cost over $ 200K.

The $ 63.8 million cited by Aleptic could be a conservative estimate, as Alex Borniakov, Ukraine’s deputy minister for digital transformation, suggested that the total amount of cryptocurrency donated was “close to $ 100 million.”

Ukraine plans to take further steps to help those involved in the cryptocurrency

The cryptocurrency that Ukraine is donating may have helped the country in its fight against Russia, but Ukrainian President Volodymyr Zelensky has claimed that the country needs more financial support to meet its monthly budget deficit of about 5 billion.

Recently, Everstake, a Ukrainian stacking provider that also supports the “Support for Ukraine” fund, released a rap video called “Invest in Peace, Bro”, urging the crypto community to continue its support.

Last week, the Prime Minister of Ukraine Mikhailov Fedorov, Presented The video was taken during the World Economic Forum in Davos, Switzerland.

“Peace has a price, but the first wave of grants has been slow. Cryptocurrencies are free from bureaucracy, making it the most effective way to provide quick help. ” Tech.U.

According to Vasilkzuk, “every crypto contribution, no matter how small or large, is another point against totalitarianism.”

Meanwhile, Obolon, Ukraine’s largest independent beer brand, has announced the sale of an NFT collection called “Brewing NFTS for Water” to help distribute free water to war-torn communities.

Each NFT will provide hundreds of liters of pure water to the needy. A portion of the profits will be transferred to the “Come Back Alive” Foundation, another Ukrainian organization involved in fundraising.

Obolon plans to sell 5,000 NFT for 0.1 ETH (about $ 194), which could be exchanged for a commemorative bottle of beer when the war is over.

* Translated by Daniela Pereira do Nascimento with permission decrypt.co.

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