The Ukrainian government is betting on NFT. In cooperation with several companies, including OpenSea, it created 1 million AI-generated NFTs to gather money for the Ukrainian army.
So Ukraine legalized digital assets this year and gathered more than $125 million in crypto for its army.
The country uses crypto donations to buy ammo and equipment for its soldiers, internally displaced person aid, and so on.
Besides direct crypto support, there are also bunches of NFT projects to support Ukraine. You can even find the funny one, though.
But lately, the local government introduced a historical project dubbed ‘the biggest AI-generated NFT collection in the world’.
Here are a few details about it.
Mint NFT for Ukraine
The new project was presented by several Ukrainian Ministries, Kyiv Economic School’s Fund, Artificial Intelligent Mind Collective, Ukraine.ua, Reface, Polygon, Polygon Studios, and OpenSea platform.
Being the biggest NFT collection to date, MintForUkraine allows users to replace and minted and its AI-generated tokens for free.
“I think the collaboration between human beings and artificial intelligence is the next big art movement. Now we have a direct transition from thoughts to expressions, and we are able to create as much art as we can imagine.
Combining these ideas with the global cultural crisis, the art allows us to make scalable changes that we couldn’t even think about,” says the project visionary artist Phil Bosua.
On the Mint For Ukraine website, you can easily change and mint NFTs for free due to a simple guide.
The project authors also call it the new web3-space to help save and defend Ukrainian culture. Most NFTs are about Ukrainian symbols, folk, architecture, the war, and some futuristic stuff.
Website users can also create crypto wallets and donate money with selected fiat or digital assets.
Who would get the money?
Due to the OpenSea partnership, the marketplace platform puts 100% of the total resale NFT profits for Ukraine aid.
10% of it would go to Ukrainian artists and cultural institutions. Other 90% would go to humanitarian help, including first aid kit supply, medical and humanitarian support for the Ukrainian citizens, and grants for students, scientists, and technical communities whose work was disrupted by the Russian invasion.
In the future Mint For Ukraine, money should help to rebuild destroyed Ukrainian infrastructure. The Ukrainian government estimates the cost of damaged infrastructure as $600 billion.
“The enemy, absorbed in his hysterical hatred of Ukraine, is trying to destroy everything: our past, our present, our future. We must defend all this,” the Ukrainian Minister of Culture and Information Policy Oleksandr Tkachenko said.
Source: OpenSea
