CryptoPunk 5364 NFT was donated to Help Ukraine campaign by user 0x165cd3 who purchased the piece on March 1st, 2022.
It took the Ukrainian government cross-border sanctions and an escalation of the war to realize the importance of cryptocurrencies as it witnessed continuous financial support in the form of cryptocurrencies and non-fungible tokens (NFTs).
In an ongoing effort to meet the needs of citizens and the nation, Ukraine’s Deputy Minister of Digital Transformation, Alex Bornyakov, announced the sale of CryptoPunk’s NFT for 90 Ether (ETH), received as a donation on April 20 . 2022.
CryptoPunk 5364 NFT was donated to the Help Ukraine campaign by user 0x165cd3, who bought the artwork on March 1, 2022 for 16.19 ETH, which was worth $31,722 at the time. Shortly after the NFT was donated to Ukraine, on April 27 it received an offer to buy 100 ETH worth $288,414, the highest bid it had ever received.
Fast forward to Sunday, Ukraine sold CryptoPunk 5364 for 90 ETH worth $102,640. However, the buyer, 0xc08f6d, spent $103,523 to offset the Ethereum gas fee.
CryptoPunk 5364 NFT purchase/sale history. Source: cryptopunks.app
NFT belongs to a collection of 6039 male punks, a pixelated version of the male characters.
RELATED: Third Non-EU Country Ukraine Joins European Blockchain Partnership
Ukraine is the third country outside the European Union, after Norway and Liechtenstein, to join the European Blockchain Partnership (EBP) as an observer. After this step, the country plans to expand the partnership of the intergovernmental blockchain network with other countries.
Konstantin Yarmolenko, Founder and CEO of Virtual Assets of Ukraine, spoke to Cointelegraph about Ukraine’s interest in launching an EBSI test node and piloting blockchain-based cross-border government services.
He also stressed that donations in cryptocurrencies “proved to be an important support” during the Russo-Ukrainian war, stating:
“The next step is full blockchain integration of Ukraine and EU based on EBP/EBSI initiatives.”