As the ongoing war between Russia and Ukraine enters its second month, a lot of people have stood with Ukraine, as its people and economy continue to suffer from the pangs of the destruction the war ushered in.
In a recent move, as many as 10,000 Ukrainian flags, modelled as Non-Fungible Tokens (NFTs) are up for sale on the Mauer website.
The project, which is targeted at raising funds to support the people of Ukraine most affected by the ongoing war, is dubbed, ‘Wave With Ukraine’. It is in collaboration with The Sandbox, the renowned blockchain gaming protocol.
Each Ukrainian NFT flag will cost $100 and will be for sale from March 30 to April 15. Per the cost price per unit NFT, and the associated total, the Wave with Ukraine NFT is poised to generate at most $1,000,000, all of which will be donated to charities vetted by MAUER’s Ukrainian employees in a bid to ensure that the raised funds make maximum impact.
As a way to allow massive participation, the NFT flags can be acquired through cryptocurrencies or by payment cards, both of which are supported by the Mauer platform. As a way to show solidarity, The Sandbox said it would match the raised funds dollar for dollar, meaning the project is expected to donate a total of $2 million if it receives the proper participation.
Ukraine has received more than $100 million in funding from the digital currency ecosystem alone. While mainstream governments have continued to support Ukraine with humanitarian funds, the solidarity that the digital currency ecosystem has shown has revealed how the nascent asset class can be used as a force for good.
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