NFT Collection Donation From CryptoPunk To Ukraine’s $33 Million Campaign

NFT Collection Donation From CryptoPunk To Ukraine’s $33 Million Campaign

NFT
March 9, 2022 by Diana Ambolis
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NFT collection is one of the most sought-after and potentially profitable assets. An NFT donation drive that has already raised over $33 million in cryptocurrency was transferred to Ukraine’s Ethereum wallet on Tuesday, making it one of the most sought-after and potentially profitable assets in the Campaign. The Punk is valued somewhere between $200,000 and
Why Are NFTs More Than JPEGs?

NFT collection is one of the most sought-after and potentially profitable assets. An NFT donation drive that has already raised over $33 million in cryptocurrency was transferred to Ukraine’s Ethereum wallet on Tuesday, making it one of the most sought-after and potentially profitable assets in the Campaign.

The Punk is valued somewhere between $200,000 and $233,000, according to Tom Robinson, CEO of crypto monitoring business Elliptic; DeepNFTvalue, a blog that uses machine learning to estimate prices for unusual NFTs, estimates the Punk’s worth to be closer to $190,000.

The last time the NFT collection punk was for sale was in February 2021, when it sold for $31,300. According to the wallet address, the donor also has a collection of other Punks.

What is CryptoPunk NFT Collection, and how does it work?

CryptoPunks are computer-generated visuals with a resolution of 2424 pixels. Apes, Zombies, and even an Alien are among the more strange characters in the mix. Each Punk has a profile page that indicates their ownership/for-sale status in addition to their specific traits.

The CryptoPunks NFT collection is a group of 10,000 people who are all different. Each one is unique and can only be owned by a single user on the Ethereum network. Anyone with an Ethereum wallet could claim these tokens for free at first, but the first 10,000 were all claimed within a few hours. They should always be purchased through a third party due to blockchain-integrated commerce.

This market allows for the buying, bidding, and offering punks for sale. By reviewing the details provided below, you can understand each of Punk’s current market positions. This item is not for sale: There are no punk bids with a blue background. Owners of punks with a red backdrop can be acquired. Purple-suited punks can now anticipate a competitive bidding war.

What Does This NFT Collection Mean for Ukraine?

It occurred after a big day for Ukraine’s fast-growing crypto campaign: about $10 million was donated solely in ETH and other crypto tokens on Tuesday, the largest in a single day since Ukraine began asking for donations on February 26th, 2017.

According to one estimate, at least $14 million in donated crypto has already been spent on military weapons and civilian necessities such as food and gas, according to Ukrainian crypto exchange entrepreneur Michael Chobanian. Chobanian is assisting the Ministry of Digital Transformation of Ukraine with processing contributions.

Also, read – How is the Russia-Ukraine war using crypto coins?

“The bulk of expenditure is truly done in crypto,” Chobanian said at the time. As he previously stated, Kuna (his exchange) is in charge of the government’s cryptocurrency wallets. Following Russia’s invasion of Ukraine last week, the smaller European country requested weaponry and financial support to help it battle its neighbor’s invasion.