Eurovision Winners Raised $1M In Ethereum For Ukraine: Report

The Eurovision winners Kalush Orchestra raised $1 million in Ethereum for his or her house nation, Ukraine, by auctioning their trophy for 500 ETH to boost funds for the military as we are able to see extra as we speak in our latest Ethereum news.

The Eurovision winners Kalush Orchestra raised $900,000 by auctioning off the competitors’s glass microphone trophy and the cash will likely be despatched to a basis that can assist Ukraine in its battle with Russia. The successful bid for the trophy was attributed to the WhiteBit alternate and got here within the type of 500 ETH so, along with the bodily crystal microphone, the winner will get an NFT that includes the trophy. The band wrote:

“You guys are wonderful. We recognize every considered one of you who donated to this public sale and a particular due to the group WhiteBit who bought the trophy for $900,000 and at the moment are the rightful house owners of our trophy.”

The NFT Museum Meta History: Museum of Conflict in Ukraine, hosted the public sale on its platform and described the public sale as a victory for each Ukraine and your entire crypto house. The public sale individuals had the choice to position bids in crypto and fiat with the fiat bids directed by way of the digital financial institution Monobank. One other $370,000 in fiat was raised by raffling off the bucket hat that the band frontman Oleh Psiuk wore through the efficiency of the music. In response to the band, the corporate raised by means of the public sale will go in direction of shopping for three drones for the wants of the Ukrainian forces by way of a charitable fund of the favored TV presenter Serhiy Prytula.

Ukraine turned to crypto donations proper after Russia invaded the nation on the finish of February and raised $63,8 million. A complete of 120,000 contributions in addition to a $5.8 million donation by the Polkadot founder Gavin wooden and one other transaction price $1.86 million have been linked to the proceeds of the sale of the NFT assortment Censored by Wikileaks founder Julian Assange. One other notable donation got here within the type of a CryptoPunk NFT price over $200,000.

The $63.8 million referred to by Elliptic might have been a conservative estimate however Bornyakov steered the overall quantity of crypto donated was almost $100 million. The crypto donations in Urkaine helped within the nation’s struggle in opposition to Russia however hte Ukrainian president Zelensky stated the nation is in search of extra assist to cowl the month-to-month price range deficit of $5 billion. Additionally lately, Ukraine’s greatest beer band Obolon introduced the sale of the NFT assortment “Brewing NFTs for Water” to assist distribute water among the many war-affected communities.

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