To assist support in its efforts in opposition to an invasion by Russia, the nation of Ukraine started accepting cryptocurrency donations earlier this 12 months. Somebody transferred a non-fungible token from probably the most well-known and priceless collections to assist in the efforts.
The NFT was just lately bought. Listed here are the small print.
What Occurred: CryptoPunk #5364 was bought on Feb. 21, 2021, for 16.19 ETH earlier than it was donated in March 2022 to the pockets being utilized by Ukraine to just accept cryptocurrency donations.
CryptoPunk #5364 has the next traits:
Bandana: 5% of Punks
Cigarette: 10% of Punks
Traditional Shades: 5% of Punks
Male: 60% of Punks
On the time of the donation, the ground value of CryptoPunks was 68.9 Ethereum ETH/USD, or round $204,000.
The NFT was just lately bought for 90 ETH, or greater than $100,000, according to the federal government of Ukraine.
Why It’s Necessary: Ukraine accepting cryptocurrency as a donation possibility led to a pouring in of assist. The nation has received greater than $135 million in donations from Bitcoin BTC/USD, Ethereum, Dogecoin DOGE/USD, different cryptocurrencies and NFTs.
Crypto donations are used to purchase objects equivalent to bulletproof vests and medical provides for the nation.
CrytoPunks are thought of by many to be one of many unique Ethereum NFT collections and a powerful guess on worth.
A surge in gross sales quantity for the gathering occurred final week with quantity hitting $23.6 million, up 382% from the earlier week.
CryptoPunks ranks second all-time amongst NFT collections with $2.29 billion in gross sales quantity, trailing solely Axie Infinity.
The floor price for CryptoPunks is 64.89 ETH, or $72,582, on the time of writing.
Picture: CryptoPunk #5364