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NFT News

Ukraine to use NFTs to Save Art & History amid Russian invasion

The war has been going on for more than a 100 days causing widespread destruction across the country.

Written By:
Stuti Mansata

Last updated: June 13, 2022 12:09 PM
Published June 13, 2022 12:09 PM
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Last updated: June 13, 2022 12:09 PM
Published June 13, 2022 12:09 PM
Ukraine to use NFTs to Save Art & History amid Russian invasion

Amid the still ongoing war between Russia and Ukraine and its subsequent destruction, Ukraine plans to digitize and use NFTs for “every single piece of art or history”. This can immortalize & save its architectural marvels, museums and other cultural sites.

The announcement was made by the President of the Blockchain Association of Ukraine, Michael Chobanian at the Consensus 2022.

“Today we are announcing a new project [aimed at] how we can save the DNA of the Ukrainian people, Ukrainian culture and Ukrainian history,” said Chobanian. 

“Right now, they are bombing museums, churches, and cultural sites. So before they are destroyed…we’re going to digitize every single piece of art or history that we have in museums. We’re going to NFT it and put it on the blockchain.”

The announcement was made on a panel titled “Crypto at War: Behind Ukraine’s Historic Crypto Fundraiser” and alongside Ukraine’s deputy minister in the Ministry of Digital Transformation, Alex Bornyakov.

Chobanian also pointed out that the NFT-ization of Ukraine’s artifacts will prevent corrupt government officials from stealing items during unpredictable times like these.

Read Also: Crypto Exchange Buys Eurovision Trophy to help Ukraine’s Army

He further said, “It’s a national project, not a private project; it’s what we do as the Blockchain Association of Ukraine and this way no one can delete it.”

The project is a blockchain-community led initiative and NEAR Protocol will be the first blockchain partner of the project.

Near Protocol’s co-founder Illia Polosukhin said, “It is extremely important to bring all the Ukrainian heritage on-chain and offer it to the world and preserve it forever.”

In March, the Ukrainian Ministry revealed a memorable NFT collection ‘Meta History Museum of War’ to boost its crypto donation. Ukraine has raised over $135 million in crypto from donors around the world, until mid-May.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Stuti Mansata - The Crypto Times' Former Content Writer
By Stuti Mansata
Living by the phrase 'as above, so below', Stuti Mansata is an IT Engineer and an ardent lover of words with a knack for finance and everything crypto.

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