The Ukraine government and an NGO supporting the military have raised $63 million in cryptocurrency donations since the start of the conflict, according to blockchain analytics firm Elliptic.
The more than 120,000 donations to date include non-fungible tokens (NFTs) and cryptocurrencies like Bitcoin, Ethereum, TRON, Polkadot, Dogecoin and Solana. The majority of donations were in Bitcoin and Ether, though Ukraine also received donations in over 100 other digital currencies, according to a Washington Post analysis. The Post also found that $1.86 million appeared to come from the sale of NFTs created by Julian Assange and the digital artist Pak. Several million dollars in crypto donations have also been received by Come Back Alive, a Ukrainian NGO which supports the military.
The call for crypto donations first came from Ukraine’s Deputy Prime Minister Mykhailo Fedorov and was then shared by the government’s official Twitter account. This isn’t the first time the country has crowdfunded a fight against Russia — Ukraine asked for donations to buy military equipment and medical supplies when Russia annexed Crimea in 2014.