Ukraine raises money for the war effort by selling donated CryptoPunk NFT for 90ETH.

The NFT was delivered to the country in March, just as it was starting to raise money with cryptocurrencies.

Today marks the sale of the extremely expensive non-fungible token (NFT), CryptoPunk #5364, which Ukraine received as a gift at the beginning of March as part of its fundraising efforts for its fight with Russia.

Alex Bornyakov, the country's deputy minister for digital development, confirmed the transaction in a tweet on Monday.


The NFT was sold to an unidentified bidder for 90 ETH, or around $100,000 at the time of writing. The Punk was first transferred to Ukraine's Ethereum wallet with an estimated worth of up to $260,000 until the price of ETH rapidly dropped in early March.

Ukraine has received more than $135 million in cryptocurrency donations since making its wallet public in February, including $6.75 million from the sale of a single Ukrainian flag NFT.

Recent weeks have seen a sharp increase in the price of CryptoPunk NFTs due to rumours that Yuga Labs has hired a new brand lead for the line.

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