Ukraine receives huge crypto donation from The Bored Ape Yacht Club (BAYC) NFT Collection. $1 million went straight to Ukraine’s official Ethereum wallet address.
The famous NFT collection sent 388.999 ETH (a little over $1 million at the moment) to Ukraine after being inspired by its community members’ contributions. A lot of NFT owners care much about Ukrainian people struggling from Russia’s invasion.
According to different sources, to date, Ukraine has received over $88 million in cryptocurrency donations. The Ukrainian government now has about $7 million in Ethereum in its official wallet.
Currently, the BAYC is the second-largest NFT collection of all time based on marketplace OpenSea’s rankings with its whopping 417,000 ETH ($1 billion) in secondary sales. The BAYC has become a cultural symbol in the NFT world. A lot of celebrities like Eminem and Jimmy Fallon are taking part in the collection.
NFTs are unique non fungible tokens that exist on a blockchain such as Ethereum or Polygon and signify ownership of an asset. For example you can own a picture or a sound minted an NFT. And this asset will be yours only.
Anyone can make his or her own NFT in a couple of minutes through one of the many blockchain platforms that provide NFT minting.
Some of these platform allow you to do it absolutely free, charging you only in case your NFT is sold.
CryptoLife Report has published a review of the best sites for minting NFTs, just in case you are interested.