The NFTs find themselves more and more involved in solidarity actions. Indeed, many initiatives using this technology have emerged since the beginning of the invasion of Ukraine to support Ukrainian efforts during the war against Russia. With this in mind, blockchain startup IamUkraine Studio has launched a collection of NFTs bearing the likeness of Volodymyr Zelensky to honor the bravery of the people of which he is the President. The project has already received support from multiple charities in Europe.
NFTs in favour of Ukraine
The Zelenskiy NFT collection is a selection of 10,000 NFTs issued on the Ethereum (ETH) blockchain. Each collectible illustrates President Zelenskiy in different aspects. Each reflects both prosperity and national cohesion within Ukraine.
The aim of this initiative is to raise funds for relief to Ukrainian disaster victims and, in general, to promote humanitarian aid. The project also aims to bring together donors from all walks of life around a single, transparent support mechanism.
The NFTs in question are ERC-721 tokens available on the OpenSea platform. They are offered for purchase in two stages. First, during a presale of 2,000 Zelenskiy NFT, each sold for 0.15 ETH. Then, 7,500 NFT of the collection will be marketed at public sale at a unit price of 0.2 ETH. In addition, it is planned that 500 NFTs will be distributed free of charge to war heroes and active members of the community.
Investors can buy as many collectibles as they want. However, the number of acquisitions per person is limited over a period of time. The purpose of this measure is to allow the participation of as many people as possible.
Strengthen the actions carried out by associations
The funds from the auction will go mainly to charity. They will be used to deliver food and health supplies to war-affected Ukrainian communities.
Funding will be divided between organisations based in Ukraine and those in the European Union. This initiative benefits from the support of a host of local and foreign humanitarian structures. They are: Stand With Ukraine, People's Coalition, The Right To Life, DonorUA, Sartlife, Med-Soyuz, Razom, BALU and Ukranian Will Movement.
The remaining financial resources will be used to support the long-term development of the project. Indeed, in the long term, the objective of the initiators of this action is to create a more complete ecosystem. The latter will integrate, among other things, decentralized finance services (DeFi) and a native token, the ZELIK (ZLK).
The Zelenskiy NFT project is a perfect example of how blockchain technology can be used to advance social causes. Thanks to this initiative, it becomes even easier to raise funds to help the victims of the war in Ukraine. This is a great opportunity for cryptocurrency enthusiasts to help improve the living conditions of those affected by this conflict.