The Ukrainian government has successfully sold its non-fungible token (NFT) dubbed “CryptoPunk 5364,” which was previously donated earlier this year to support humanitarian aid and warfare amid the Russian invasions.
In a June 21 announcement, Alex Bornyakov, the Deputy Minister of Digital Transformation of Ukraine, confirmed the successful auction of a CryptoPunk NFT for 90 ETH. Ukraine received the NFT as a donation on April 20, 2022.
CryptoPunk user “0x165cd3” donated the CryptoPunk 5364 NFT to the ‘Aid For Ukraine’ humanitarian campaign on April 20, 2022. The well-wisher procured the artwork on March 1, 2022, for 16.19 ETH ($31,722), before rising to its highest bid of more than 100 ETH ($288,414) on April 20, 2022.
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.
— Alex Bornyakov (@abornyakov) June 20, 2022
Fast forward to earlier this week, the Ukrainian government announced the official auction of CryptoPunk 5364 for 90 ETH worth $102,640. However, the new buyer “0xc08f6d” spent $103,523 to compensate for the Ethereum gas fees. The NFT now belongs to a collection of 6039 Male punks, a pixilated variation of male characters.
Notably, it has taken cross-border sanctions and an escalating war for the Ukrainian government to realize the importance of cryptocurrencies. The Ukrainian government is now enjoying uninterrupted monetary aid in crypto and non-fungible token (NFT).
Ukraine now becomes the third country that is not a member of the European Union after Norway and Liechtenstein officially joined the European Blockchain Partnership (EBP) as an observer. Ukraine now plans to expand its interstate blockchain network partnership with other countries.
In a recent exclusive interview, Konstantin Yarmolenko, the founder and CEO of Virtual Assets of Ukraine, hinted Ukrainian government’s possible interest in running a test node of the EBSI. Yarmolenko noted that Ukraine plans to leverage blockchain technology in cross-border public services, highlighting that the crypto donations during the Russia-Ukraine war have showcased unestimated support:
“Next step is full blockchain integration of Ukraine and EU based on EBP/EBSI initiatives.”