The Ukrainian authorities might be utilizing the proceeds of gross sales from a web based nonfungible token, or NFT, museum to revive art work in the true world.

In line with a Friday announcement and knowledge shared with Cointelegraph, Ukraine’s Ministry of Tradition and Info Coverage saidthe federal government’sMeta Historical past Museum of Conflict platform, aimed toward preserving the timeline of main occasions in Russia’s warfare with Ukraine, raised 803.28 Ether (ETH) — roughly $1.3 million on the time — via NFT gross sales. The ministry stated proceeds from the gross sales will go towards “the restoration of Ukrainian cultural establishments,” lots of which have been broken or destroyed by missile assaults from Russia.

“Throughout the six months of the warfare in Ukraine, the Russians destroyed tons of of our museums, theaters and cultural establishments,” stated Oleksandr Tkachenko, Ukraine’s Minister of Tradition and Info Coverage. “Ukrainian tradition and nationwide heritage have been broken by nearly 6 billion euros, and judging by the actions and intentions of the Russian Federation, this determine will solely enhance.”

Alexander Borniakov, deputy minister of Digital Transformation of Ukraine for Info Know-how Growth, added:

“NFT[s] is not going to cease Russian missiles, however blockchain expertise will contribute to the financial restoration and growth of Ukraine as an innovation-friendly nation.”

We want it was the final drop of NFT artworks, however Russia continues to destroy our homeland

Subsequently we characterize the third drop of the artworks devoted to occasions between March 15 – 31. It contains masterpieces created by Maria Oz, Anton Abo, Oleksii Dyvysenko and the others. pic.twitter.com/T43keVzVgL

— Meta Historical past: Museum of Conflict (@Meta_History_UA) July 22, 2022

The Ukrainian authorities launched the Meta Historical past venture in March, one month after the primary missiles struck Ukrainian targets within the ongoing battle. Whereas the $1.3 million will go towards Support For Ukraine — a platform launched by the federal government that accepts crypto donations “to assist individuals of their battle for freedom” — the Ministry of Tradition and Info Coverage has stated the funds might be used for restoration moderately than provides for the nation’s army.

UNESCO, the company behind most of the world’s heritage websites based mostly on their significance to historical past, nature and artwork, reported that as of Monday, 164 cultural websites in Ukraine had been partially broken or destroyed on account of the warfare with Russia. These include72 spiritual websites, 12 museums, 32 historic buildings, 24 buildings for cultural actions, 17 monuments and 7 libraries.

“These repeated assaults on Ukrainian cultural websites should cease,” said UNESCO director-general Audrey Azoulay in June. “Cultural heritage, in all its varieties, shouldn’t be focused underneath any circumstances.”

Ukraine-based blockchain agency broadcasts ‘we’re nonetheless hiring’ amid market downturn, warfare

For the reason that starting of the warfare with Russia in February, Ukraine’s authorities has raised greater than $100 million in crypto donations despatched on to pockets addresses offered by the Ministry of Digital Transformation. In line with Support For Ukraine, crypto donations go towards supplying the nation’s army in addition to humanitarian support.