Ukraine Spent $54M in Crypto on Drones and Different Army Bills

Mykhailo Fedorov, Ukraine’s Vice Prime Minister, shared yesterday how $54 million of the nation’s crypto donations have been spent. 

Unmanned aerial autos (or drones) have been the best price at $11.8 million. After that, the nation spent $6.9 million on armored vests and $5.7 million on pc {hardware} and software program.

“Because of the crypto neighborhood for help for the reason that begin of the full-scale invasion,” Fedorov tweeted.

Over $60 million of crypto donations have been donated since Russia started its invasion of Ukraine, in accordance to the group.

The donations have been facilitated by Help For Ukraine, a non-profit group powered by crypto trade FTX, Everstake, Kuna, and the Ministry of Digital Transformations of Ukraine, supporting each humanitarian efforts and the Armed Forces of Ukraine. 

Decrypt has but to obtain a reply for extra data from Help for Ukraine and the Ministry of Digital Transformation.

Crypto in Ukraine

Crypto has been an essential participant for the reason that invasion started, giving folks all around the world and even in Russia a solution to help Ukrainian efforts. 

On February 26, the Ukrainian authorities tweeted Bitcoin, Ethereum, and Polkadot addresses for donations to “Stand with the folks of Ukraine.” One week later, the authorities acquired a complete of $50 million in crypto donations. 

Donations included $5 million from Polkadot co-founder Gavin Wooden, a $200,000 CryptoPunk, and a $1.26 million donation from promoting an NFT by Julian Assange and digital artist Pak, in accordance to a report from Elliptic. 

Vitalik Buterin, the Russian-Canadian co-founder of Ethereum, donated $2.5 million Ethereum to Help for Ukraine, “value 31,000 medical kits, 364,000 medical provides, and 585 radio kits and stations for the Ukrainian navy,” mentioned the non-profit.

Utilizing blockchain to their benefit, the Ukrainian Ministry of Digital Transformations additionally launched the Meta Historical past Museum of Warfare, that includes ready-to-buy NFTs of current chronicles of war-time occasions and happenings. 

“Whereas Russia makes use of tanks to destroy Ukraine, we depend on revolutionary blockchain tech,” tweeted Fedorov.