The Ukrainian crypto crowdfunding effort has now reached $50.9 million, per figures published by blockchain analytics platform Elliptic.
“The Ukrainian government—and an NGO providing support to the military—have raised $50.9 million, through more than 89,000 crypto asset donations since the start of the Russian invasion,” Elliptic wrote in a blog post.
Ukraine’s crypto crowdfunding push began on February 26, 2022, when the Ukrainian government’s official Twitter account објави „сега прифаќаше донации во криптовалути“.
Crypto donations pour into Ukraine
When the Ukrainian government first announced it was accepting cryptocurrency donations, it shared a BitcoinEthereumEthereum wallet address for interested donors.
Per blockchain records, those two addresses have now received $10 million and $16 million worth of Bitcoin and Ethereum, respectively.
On March 1, 2022, the government also објавиit was accepting Polkadot donations. In a later tweet, the government се заблагодари Gavin Wood, Polkadot founder, for the “generous donation of $5 million as promised publicly.”
Since yesterday, official cryptocurrency donation updates have moved from Ukraine’s official government Twitter account to that of the Vice Prime Minister, Mykhailo Fedorov.
On March 2, 2022, Fedorov announced the Ukrainian government was also now accepting Dogecoin.
He tweeted that “now even meme can support our army and save lives from Russian invaders.”
@dogecoin ја надмина вредноста на руската рубља. Почнуваме да примаме донации во мем паричка. Сега дури и мем може да ја поддржи нашата армија и да спаси животи од руските напаѓачи. $ DOGE сопственици на светот, @elonmusk, @BillyM2k, Ајде да го направиме тоа. Службен $ DOGE паричник: DS76K9uJJzQjCFvAbpPGtFerp1qkJoeLwL
Fedorov also пофали the “massive support” Ukraine has received from Solana, and staking platform Everstake, which set up a joint initiative called Aid for Ukraine to raise funds.
Ukrainian NGO raises more crypto
Elliptic’s blog post has also tracked the total amount of crypto donations that have come from Come Back Alive, an NGO that was суспендирани from Patreon for “funding military activity.”
Per Elliptic, the NGO has received “several million dollars in crypto donations.”
Elliptic also reports that Украина ДАО, a decentralized autonomous organization set up in aid of Ukraine, has auctioned off an NFT of the Ukrainian flag for $6.5 million worth of Ethereum.
“The proceeds are to be donated to the NGO,” Elliptic said.
