Ukraine to launch NFT to mark Russian invasion history | Ukraine


The Ukrainian government is to launch a non-fungible token marking the history of the Russian invasion with unique digital art, in its latest use of digital assets to fund its war efforts.

The country’s Deputy Minister of Digital Transformation, Alex Bornyakov, said the NFT collection would be “like a museum of the Russian-Ukrainian war. We mean the world in NFT format.

NFTs give ownership of a unique digital object – with particularly popular virtual works of art – to their buyer, even if that object can be easily copied. Bornyakov said each token would carry an artwork depicting a story from a trusted news source. He said, “We want it to be cool, beautiful, and that takes time.”

The NFT collection is being prepared as the Ukrainian government’s appeal for cryptocurrency donations exceeding $60m (£46m), with donations including a CryptoPunk NFT worth more than $200,000.

Bornyakov said the money was used to buy military equipment and finance media activities. He said: “We are not using this fund to purchase weapons at this stage. We buy night vision goggles, optics, helmets, bulletproof vests.

Bornyakov added that Ukraine’s “digital diplomacy” had worked, with social media platforms either blocking content from Russian state media like Russia Today and Sputnik or labeling it. “We convinced social media platforms, international companies, to block Russia, get out of Russia or completely change their information policy,” he said.

Referring to social media as one of the Kremlin’s weapons in the conflict, Bornyakov said last week: “Most of their weapons are disabled. At this point, after two weeks. So that’s what I call positive results.

Bornyakov said a volunteer army of IT specialists, who operate on a channel in the Telegram messaging app, reminded the Kremlin how a steady stream of cyberattacks in recent years had made “our lives horrible”. Hackers, some under the banner of the collective Anonymous, have staged a series of distributed denial of service attacks against Russian targets, disabling state-backed websites such as Russia Today’s by bombarding them with traffic.

He said: “We just want them to feel what we feel. Their [digital] the war did not start 14 days ago. It started eight years ago, and they were constantly attacking us instantly with DDoS attacks, defacing websites or stealing our databases.

Russia on Friday decided to block Instagram after its parent company, Meta, said it would allow calls for violence against Vladimir Putin and Russian soldiers involved in the invasion of Ukraine to appear on its social media platforms. social media. Russia’s prosecutor general’s office said it decided to recognize Meta as an “extremist organization and ban its activities on the territory of Russia.” It is not yet clear whether Meta’s popular messaging service WhatsApp in Russia will also be banned. Facebook, Meta’s main platform, is already blocked in Russia.


About Author

Comments are closed.