the official crypto fund of Ukraine has just sold its CryptoPunk! The sale happened early on June 20th and notably, the CryptoPunk sold for a hefty 90 ETH sum – over $100K at current prices.
Story of Ukraine and Crypto Punks #5364: On March 2nd, about a week after Russia’s invasion of Ukraine began, an anonymous wallet donated cryptoPunk #5364 to Ukraine’s Crypto wallet. the official Ukraine Crypto Fund has sold the CryptoPunk to a different anonymous buyer for 90 ETH. Alex Bornyakov, Ukraine’s Deputy Minister of Digital Transformation, tweeted about the NFT sale yesterday, June 20th. By the same token, the sale was significantly above the current CryptoPunks floor price, which is sitting at 67.45 ETH.
In conclusion the crypto fund helps purchase essential, non-lethal items for Ukraine’s military. This includes things like bulletproof vests and medical supplies. Notably, while the government of Ukraine endorses the fund, it does not actually control the fund. In other words, the Ukraine government itself did not sell the CryptoPunk.
She is a writer based in the India. She loves to write about the things that spark her interest like tech, art, blockchain, metaverse and NFTs.