UkraineDAO Organized for War Relief Efforts

Key Takeaways

  • Russian protest band Pussy Riot is collaborating with PleasrDAO, Trippy Labs, and others to arrange a DAO for Ukrainian struggle aid efforts.
  • The hassle goals to purchase NFTs of the Ukraine flag and donate the proceeds to charities aiding Ukraine residents.
  • NFT minting is predicted to start on Saturday, Feb. 26 with costs starting at simply over 0.08 ETH ($220).

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A gaggle of activists is creating UkraineDAO to lift funds for Ukrainian residents affected by Russia’s invasion of the nation.

UkraineDAO

Nadya Tolokonnikova, a founding member of Russian protest rock group Pussy Riot, is cofounding a DAO to lift funds for the Ukrainian struggle effort.

“Our aim is to lift funds to donate to Ukranian civilian organizations who assist these affected by the struggle that Putin began in Ukraine,” Pussy Riot tweeted on Thursday, Feb. 24. “We’ll be shopping for an NFT of [the] Ukrainian flag.”

The hassle will reportedly contain the minting of 1 distinctive, highly-priced Ukraine flag NFT alongside 10,000 Ukraine flag NFTs offered at decrease costs to basic buyers.

Minting is predicted to start on Saturday, Feb. 26. The minting value of the NFT can be 0.08241991 ETH (about $220) in honor of Ukraine’s Declaration of Independence on Aug. 24, 1991.

UkraineDAO has endorsed two charities: Come Again Alive, which has raised over $4 milllion in crypto over the previous few days, and Proliska, an NGO aiding residents close to the East Ukraine contact line.

Along with the NFT sale, UkraineDAO will create an internet site to take crypto donations and settle for conventional funds. The group plans to combine the positioning with the Ethereum Title Service.

Pussy Riot Companions With NFT Veterans

Tolokonnikova, popularly generally known as Nadya Tolokno, is a founding member of UkraineDAO. Tolokno is greatest recognized for a controversial incident in 2012, when she was arrested throughout a efficiency that intruded on a Russian Orthodox church.

The group additionally contains members of PleasrDAO, the group behind 2021’s FreeRossDAO charity effort, and members of Trippy Labs, a digital artwork collective concerned in previous NFT fundraisers.

Different teams supporting the trouble embrace the NFT market OpenSea and the crypto change MoonPay, based on statements from Trippy Labs quoted in Fortune. OhhShiny, a crypto influencer, has additionally donated 10 ETH ($27,000) to the fundraising effort.

Different Teams Elevating Funds

Different teams are fundraising for Ukraine aid efforts as properly. Matthew Liu, the founding father of Origin Protocol, is searching for out creators to create a charity NFT. Liu mentioned that he’ll “waive all proceeds and market [the NFT] closely.” UkraineDAO has contacted Origin Protocol to collaborate, however a partnership has not been confirmed.

Elsewhere within the crypto group, varied NFT creators have banded collectively in an effort referred to as RELI3F to assist Ukraine. In the meantime, The Defiant additionally means that two different teams, Unchain Fund and HoleDAO are elevating funds to the identical finish.

Crypto fundraisers are seemingly turning into well-liked in Ukraine each on account of better media protection and on account of the truth that Ukraine has restricted digital funds beneath martial legislation.

Disclosure: On the time of writing, the writer of this piece owned BTC, ETH, and different cryptocurrencies.

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