Everstake And FTX Launch Crypto Fundraising Site For Ukraine

Everstake and FTX launch a crypto fundraising platform for Ukraine with the goal to provide an official way for crypto users to donate to the country under attack from Russia so let‘s read more today in our latest cryptocurrency news.

The Ukrainian Ministry of Digital Transformation announced that in partnership with Everstake and FTX they will be launching a crypto fundraising site called Aid for Ukraine to help expedite donations for the country. Currently, the donations to Air for Ukraine can be made in BTC, ETH, USDT, DOT, SOL, DOGE, ICON, and NEO while the FTX CEO Sam Bankman Fried announced the partnership last week.

Incredibly excited and humbled to be working with the Ukrainian Ministry of Finance (@mintsyfra), @everstake_pool, and others to support crypto donations to Ukraine.https://t.co/hMcu2ucOvD

— SBF (@SBF_FTX) March 8, 2022

Since Russia invaded Ukraine, more than $60 million in crypto has been donated to Ukraine’s government according to the data from Elliptic. In total, over $93.6 million in crypto has gone to Ukrainian entities since the conflict started with the majority being in Ethereum according to the data from Merkle Science. Aid for Ukraine said the funds raised will go to the nation’s armed forces and civilians that are seeking humanitarian assistance.

Bankman Fried also spoke with the Australian philosopher Peter Singer about crypto use in Ukraine and said:

“If there’s a tank outside your bank, you’re going to be more underbanked than you thought you were, so I think it’s been really been cool to see [crypto] give an international financial lifeline.”

As recently reported, Ukraine wants to show the world the current situation in the war against Russia in the form of NFT according to the deputy minister of digital transformation. Amid the invasion from the Russian Federation, the Ukrainian government wanted to show the world some moments from the war in an NFT form which will also be a way to gather more funds and continue the fight.

The popularity boom of the NFT sector-led countless musicians, businesses, celebrities, and prominent figures to donate to the cause in Ukraine. Russia’s decision to launch a military operation in Ukraine prompted their governemnt to try using digital collections and help themselves in the defense. At first, Ukraine wanted to airdrop the proceeds gathered from crypto donations which hit tens of millions of dollars as of now but then it failed to do so and decided to go with NFTS. The nation’s deputy minister of digital transformation also provided more details ont the matter and asserted that the digital collections will be like a museum on the war.