This article is from www.blocknews.com.br and the original article can be read here in Portuguese
With no horizon for the end of the war between Russia and Ukraine, fundraising using blockchain technology remains among the ways to help Ukrainians. This time, a collective that includes artists, digital innovators, educators and the government has launched Mint for Ukraine, a collection of one million artificially generated NFTs (non-fungible tokens) to raise funds to help the country.
A joint effort of four Ukrainian ministries (Digital Transformation, Culture, Health, Foreign Affairs), Kiev School of Economics Foundation, Intelligent Mind Artificial Collective, Ukraine.ua, Reface, Polygon, Polygon Studios and OpenSea break all the rules of the typical Launching an NFT. The #MintForUkraine collection is not only the largest art collection in history, containing one million works of art, but it can also be minted for free.
The collection was created by artist Phil Bosua and artificial intelligence. “I think human/AI collaboration is the next big art movement. We now have a direct line from thought to expression and can create as much art as we can imagine. When we combine these ideas with a global cultural crisis, art has the ability to cause change on a scale we haven’t yet imagined,” comments Bosua.
Interested in the #MintForUkraine collection can mint the NFT for free by creating a wallet and donating through the currency of their choice or cryptocurrency. The site includes a how-to guide for anyone new to the crypto world.
Additionally, for the first time ever, a partnership with NFT marketplace OpenSea is directing 100% of all resale value to relief efforts, making each NFT a perpetual fundraising vehicle for aid to Ukraine.
Up to 10% of donations are directed towards supporting Ukrainian culture (artists and cultural institutions), while the remaining 90% are dedicated to humanitarian support for Ukraine, through the network of charities. The aid includes providing medical kits, medical assistance and humanitarian support to citizens of Ukraine, grants to students, scientists and tech communities whose work has been disrupted by the invasion.
Going forward, the funds will be used for Ukraine’s recovery projects. The KSE Institute estimated in mid-April that the value of the damaged infrastructure was $85 billion. The Ukrainian government estimates that at least $600 billion will be needed to rebuild the country, including hundreds of schools, hospitals and thousands of residential buildings that were destroyed.
The collection can be seen at https://mintforukraine.org