Hemant Singh – Mumbai Uncensored, 11th March 2022
The NFT collection of the Bored Ape Yacht Club (BAYC) announced on Tuesday that it has donated $1 million to the country of Ukraine’s official Ethereum wallet address.
The NFT collection’s Twitter handle published the revelation, with an Etherscan transaction link indicating that it sent 388.999 ETH (over $1 million) after being motivated by the donations of its key stakeholders. NFTs are one-of-a-kind tokens that reside on a blockchain like Ethereum and represent asset ownership.
The BAYC aka bored ape yacht club was one of the first NFT collections to achieve a floor price—or minimal “buy-now” rate per NFT of more than 50 ETH.
The BAYC has since become a cultural emblem in the NFT sector, with celebrities such as Steph Curry, Jimmy Fallon, the most famous rapper, Eminem, and many more “aping” into the collection. BAYC is currently ranked second among all NFT collections by the marketplace OpenSea, with secondary sales of over 417,000 ETH ($1 billion).
In addition to BAYC, several other Web3 communities have also donated to Ukraine.
Other hands from the crypto industry toward Ukraine.
Several projects and initiatives centered around helping Ukraine have been announced—from DAOs to meme coin holders to NFT collections.Currently, the Ukrainian government holds about $7 million worth of Ethereum in its wallet, and it has received over 88 million dollars in cryptocurrency donations as of today, according to data compiled by Merkle Science.
