Ukraine sells CryptoPunks NFT donation for 90 ETH, worth over $100K
cointelegraph.comIt took cross-border sanctions and an escalating war for the Ukrainian government to realize the importance of cryptocurrencies as it witnessed uninterrupted monetary aid in the form of crypto and nonfungible tokens (NFT).
In a continued effort to aid the needs of its citizens and the nation, the Deputy Minister of Digital Transformation of Ukraine, Alex Bornyakov, announced the sale of a CryptoPunks NFT for 90 Ether (ETH) that was received as a donation on April 20, 2022.
Breaking news on crypto donations: #CryptoPunk #5364 has been sold for 90 ETH. It's over $100K. Few months ago this NFT was donated for @_AidForUkraine fund. Crypto community continues to support Ukraine.
The CryptoPunk 5364 NFT was donated to the Aid For Ukraine campaign by user 0x165cd3 who procured the artwork on March 1, 2022, for 16.19 ETH, which was worth $31,722 at the time. Soon after the NFT was donated to Ukraine, it got a buy offer for 100 ETH worth $288,414 on April 27 — the highest bid it ever received.
Fast forward to June 19, Ukraine sold CryptoPunk 5364 for 90 ETH worth $102,640. However, the buyer, 0xc08f6d, spent $103,523 to compensate for the Ethereum gas fees.
The NFT belongs to a collection of 6039 Male punks, a pixelated variation of male characters.
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