Close Menu
    What's Hot

    UAE’s Economic Diversification Fuels Projected 5.7% GDP Growth in 2024

    February 4, 2025

    Will AI Replace Entrepreneurs?

    February 2, 2025

    SGF Expands to Bhopal: A Culinary Revolution in MP Nagar Bhopal

    January 26, 2025

    SGF Expands to Gurgaon: A New Culinary Journey at Baani Square

    October 1, 2024
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram LinkedIn
    UBOUBO
    NOMINATE FOR AWARDS
    • Home
    • Top Global News
    • INFO-TECH
      1. Social Media
      2. How-To
      3. Computer & Laptops
      4. Mobile & Tablets
      5. Gadgets
      6. View All

      Social Media Trends CMOs Should Look Out For In [2023]

      April 10, 2023

      5 Best Video Editing Apps For Social Media

      March 30, 2022

      Effective Social Media Strategies: Tips and Tactics for Success

      March 15, 2022

      WeChat: What You Need To Know

      March 7, 2022

      How to Write a Tagline That Truly Works

      March 31, 2022

      Creative Writer vs Content Writer: Key Differences

      March 25, 2022

      16 Knockout Article Ideas: How to Write Regularly for Your Blog

      March 9, 2022

      How to get a job in the finance industry

      March 2, 2022

      Intro to Cloud Computing: A Beginner’s Guide

      March 9, 2022

      OnePlus 10 Pro- The launch we are waiting for!

      March 29, 2022

      Best Android Phones For 2023

      March 15, 2022

      The most valuable brands in 2023

      March 14, 2022

      Huawei launches Smart Glasses with Detachable Front Frame along with MateBook X Pro.

      December 25, 2021

      UAE’s Economic Diversification Fuels Projected 5.7% GDP Growth in 2024

      February 4, 2025

      Will AI Replace Entrepreneurs?

      February 2, 2025

      SGF Expands to Bhopal: A Culinary Revolution in MP Nagar Bhopal

      January 26, 2025

      SGF Expands to Gurgaon: A New Culinary Journey at Baani Square

      October 1, 2024
    • Markets
    • Crypto
    • Funding
    • More
      • Retail
      • Entrepreneurs
      • Automotive
      • Healthcare
      • Industries
      • Technology
      • Companies
        • Apple
        • SamSung
      • Fintech
      • Marketing
      • Real Estate
      • Sales
    UBOUBO
    Home»Top Global News»Ukraine Conflict: The government will sell NFTs to fund the war against Russia

    Ukraine Conflict: The government will sell NFTs to fund the war against Russia

    Anjali SinghBy Anjali Singh2 Mins Read Top Global News March 15, 2022
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    ukraine conflict
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Ukraine’s government has announced that it will issue non-fungible tokens (NFTs). They will sell NFTs to pay the country’s military while it fights the Russian invasion.

    Mykhailo Fedorov, the country’s deputy prime minister, made the statement the same week that the country raised more than £200 million via the sale of war bonds.

    Ukraine conflict is raising finances in a variety of methods, including through bonds.

    The administration is also in talks with the World Bank and the International Monetary Fund (IMF) about emergency assistance.

    Mr. Fedorov stated in a tweet that they will “soon” release the NFTs.

    He stressed, though, that there were no intentions to sell fungible tokens, such as cryptocurrency.

    Digital Tokens: A new method to fund military

    In the digital world, NFTs are “one-of-a-kind” assets that may be purchased and sold like any other piece of property, but have no physical form of their own.

    The digital tokens may face comparison to ownership certificates for virtual or actual assets.

    The statement is the latest example of the Ukrainian government’s embrace of digital assets as it seeks new methods to fund its military.

    Ukraine conflict raised 8.1 billion hryvnias ($270 million) during a war bond sale on Tuesday.

    Each one-year bond had a face value of 1,000 Ukrainian hryvnias and an interest rate of 11%.

    “The proceeds from the bonds will be used to meet the needs of the Armed Forces of Ukraine.” the country’s finance minister said.

    The World Bank and the International Monetary Fund said this week that they are working on a multibillion-dollar package for Ukraine in the coming months.

    According to bitcoin researchers, millions of dollars have been donated to the Ukrainian war effort through anonymous Bitcoin donations.

    On Saturday, the Ukrainian government’s official Twitter account sent the following message: “Stand with the people of Ukraine. Now accepting cryptocurrency donations. Bitcoin, Ethereum, and USDT.”

    It published addresses for two cryptocurrency wallets. That received $5.4 million (£4 million) in Bitcoin, Ether, and other coins in less than eight hours.

    conflict Ukraine ukraine conflict
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleWelsh company fined £200,000 for making marketing calls
    Next Article Wage growth in the UK can’t keep up with price increases
    Anjali Singh
    • Tumblr

    I'm Anjali Singh. Writing is what I do. I look out for opportunities where I can learn and grow. I'm a creative and witty person. I'm quite artistic & I admire the art of different forms.

    Related Posts

    UAE’s Economic Diversification Fuels Projected 5.7% GDP Growth in 2024

    February 4, 2025

    Elon Musk’s Rate Limit on Twitter: A Move to Combat Data Scraping and System Manipulation

    July 3, 2023

    Tesla to Partner with India for Business Expansion

    May 16, 2023
    Add A Comment
    Leave A Reply Cancel Reply

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Advertisement
    advertisement@unitedbusinessoutlook.com

    United Business Outlook Is An Online Magazine Providing Comprehensive Coverage And Analysis Of International Businesses From All Industries.

    We're social. Connect with us:

    Facebook X (Twitter) Instagram YouTube LinkedIn
    Top Global News

    UAE’s Economic Diversification Fuels Projected 5.7% GDP Growth in 2024

    February 4, 2025

    Elon Musk’s Rate Limit on Twitter: A Move to Combat Data Scraping and System Manipulation

    July 3, 2023

    Tesla to Partner with India for Business Expansion

    May 16, 2023
    Get Informed

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 United Business Outlook | A Venture by Famezop Media.
    • Home
    • Get In Touch
    • Our Authors

    Type above and press Enter to search. Press Esc to cancel.