Pussy Riot’s NFTs of Ukrainian flags raise $7.15m
Updated
Cryptocurrencies are continuing to shape their role in the changing financial world order as Russia’s conflict in Ukraine continues to rage.
Digital currencies have become a place to hide for people whose country’s financial system has been hit by sanctions that have crippled the rouble (RUB). However, cryptocurrencies have also become a popular way of donating to the invaded country. Ukraine had received $35m of donations in crypto as of 2 March, according to the country’s Vice Prime Minister, Mykhailo Fedorov.
As of Wednesday, $7.15m had been raised through selling non-fungible tokens of the Ukrainian flag by UkraineDAO (decentralised autonomnous organisation) – an iniative co-founded by Nadezhda ‘Nadya’ Tolokonnikova, co-founder of Pussy Riot, the Russian feminist protest punk band. The group has long been a critic of Vladimir Putin. The proceeds will go to Return Alive Foundation and NGO Proliska.
⚡️⚡️⚡️ UKRAINIAN FLAG ???????? 1/1.
— ???????????????????? ???????????????????? (@pussyrrriot) February 26, 2022
LIVE NOW
100% proceeds go to support Ukrainians suffering for the war. https://t.co/nR67Exp9BI
Anyone can participate with a contribution of any size via Party Bid: https://t.co/gCVrgW3yPf pic.twitter.com/DBcnJpJeV6
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Federal Reserve Chair Jerome Powell speaking to Congress on Wednesday:
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