The Ukrainian government has announced it will issue non-fungible tokens (NFTs) to fund its military while defending the country against Russian invasion.
Deputy Prime Minister Mykhailo Fedorov’s announcement comes in the same week that the country has raised more than £200m from war bond sales.
The bonds are one of several ways Ukraine is raising funds.
The government is also in talks with the International Monetary Fund (IMF) and the World Bank for emergency relief.
In a tweet, Mr Fedorov said the NFTs will be launched “soon”.
However, there are no plans to sell fungible tokens, of which cryptocurrencies are a prime example, he added.
NFTs are “unique” assets in the digital world that can be bought and sold like any other property but have no tangible form of their own.
The digital tokens can be viewed as certificates of ownership for virtual or physical assets.
The announcement is the latest sign that the Ukrainian government is embracing digital assets as it looks for new ways to raise money to pay its military.
On Tuesday, Ukraine raised 8.1 billion hryvnia (£202 million; $270 million) from a war bond auction.
Each one-year bond has a face value of 1,000 Ukrainian hryvnia and bears an interest rate of 11%.
The country’s Treasury Ministry said: “Proceeds from the bonds will be used to meet the needs of the Armed Forces of Ukraine.”
Also this week, the World Bank and IMF said they will be working on a multi-billion dollar package for Ukraine in the coming months.
Meanwhile, anonymous Bitcoin donations have donated millions of dollars to the Ukrainian war effort, according to cryptocurrency analysts.
On Saturday, the official Ukrainian government Twitter account posted a message: “Stand by the people of Ukraine. Accept cryptocurrency donations now. Bitcoin, Ethereum and USDT.”
It published addresses for two cryptocurrency wallets that raised $5.4 million (£4 million) in bitcoin, ether and other coins in eight hours.
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