Alexandre Lores | Mar 04, 2022 11:46
In February 2022, Russia invaded Ukraine.
After the first night of the siege of Kyiv, Zellensky posted a video of defiance and request for help that has now been viewed over 18 million times on Twitter.
With world messages of strong support pouring in for Ukraine, Ukraine itself remains outnumbered and outgunned. In a brilliant move, the Ukrainian government untapped the power of crypto to convert words of support into resources for their defense.
h3 Crypto Goes to War/h3For the first time in the history of war, crypto is at the forefront from an economic standpoint.
Here are some highlights from so far:
A Ukraine DAO was formed. According to their Twitter handle, their stated purpose is: “Using the power of web3 tech and community to raise funds for Ukrainian organisations that are helping those suffering from the war in Ukraine.”
They have provided multiple means of contribution.
One of their methods of raising funds was the auctioning off of a Ukrainian flag NFT. The auction was completed in the early morning hours of March 2, and resulted in a 2,070 ETH sale. Which is over $6 million USD as of this writing.
Time reported that in total, over $30 million had been raised in support of Ukraine using crypto as of March 1, 2022.
h3 The Brutal War/h3There are no mincing words, war is brutal and true leaders have zero business invading other countries. This war is particularly brutal. Sanctions on Russia are devastating for their economy, and the Russian army’s siege of the Ukraine continues to increase in intensity.
Putin has even made threats about nuclear weapons. It is my sincerest hope that this war will end as swiftly as possible, with as little human misery as possible.
Cryptocurrency is a tool, like any other currency. It can be used for good or evil.
The original version of this article was published on https://thelatestblock.com/
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