Ukraine continues to use crypto and NFTs to fund the two-month long ongoing Russia-Ukraine war.
Mykhailo Fedorov, Vice Prime Minister of Ukraine and Minister of Digital Transformation of Ukraine, tweeted that the Ukrainian government will accept war effort contributions in the form of nonfungible token (NFT) donations and purchases. Via the official "Aid for Ukraine" crypto fund, individuals can donate cryptocurrency, fiat and now NFTs. So far the initiative has raised over $60 million, according to the website.
All funds go toward supplying Ukrainians with weapons, medical gear, medical kits and other expenses outlined on the Aid for Ukraine website. Total expenses amounted to $45,103,538 by April 14. The Aid for Ukraine platform is powered by crypto exchanges FTX and Kuna, and by staking provider Everstake.
The Ministry of Digital Transformation of Ukraine is the beneficiary organization of several NFT projects including Russia For Sale, which sells Russian lands in the form of NFTs, and Holy Water, which supports local Ukrainian NFT artists, among others. Those who buy an NFT from one of the organizations will contribute directly to Ministry's crypto wallet.
At the time of publication, the NFTs donated by "UkrainianCryptoFund" and available to bid on in OpenSea come from collections such as, CryptoPunks, mfers, MoonCats, TIMEPieces by Time Magazine, CREYZIES and Chubbiverse Frens. All of these collections only accept Ether (ETH) for payment.
More than 550 million active users surf messages on Telegram each month.
As told via a Twitter post on Tuesday, instant-messaging app Telegram has rolled out crypto payments via Toncoin (TON).
To access the feature, users first need to opt in via Telegram’s official Wallet Bot, which allows them to purchase cryptocurrency by bank card, exchange and transfer to other wallets. According to the company, they can then send Bitcoin (BTC) or Toncoin to other users by clicking on the “Wallet” icon in direct messages.
TON stands for The Open Network and was created by Telegram in 2017 for decentralized services such as decentralized storage, anonymous networks, DNS, instant payments and others using a proof-of-stake mechanism. Cointelegraph previously reported that Telegram abandoned TON in May 2020, following a lengthy battle with the United States Securities and Exchange Commission.
Independent Reserve’s survey revealed a strong affinity for various financial opportunities brought forward by decentralized finance and other investment opportunities.
As Singapore continues to play an active role in boosting crypto adoption across the Asia-Pacific region, the country’s first licensed crypto exchange Independent Reserve conducted a retail-focused survey to better understand the underlying potential of the regulated market.
Independent Reserve’s survey — conducted across all age groups and genders of the Singapore population — revealed a strong affinity for various financial opportunities brought forward by decentralized finance (DeFi) and other investment opportunities.
As explained by Raks Sondhi, managing director of Independent Reserve Singapore, the country’s rapid crypto adoption is driven by high level of trust and confidence in the future of crypto:
“58% [Singaporeans surveyed] perceive Bitcoin as an investment asset or a store of value.”
Supporting the above trend, more than half of the surveyed individuals showed a likeliness to recommend cryptocurrency investments to their friends and family. In 2021, nearly 60% of investors in Singapore believed in crypto’s potential to reach mass-scale adoption. This year, however, 15% of the respondents have started considering Bitcoin (BTC) as a real form of money.
This Daily Dose was brought to you by Cointelegraph.