Portland News

NFTs Provide a Way for Ukraine to Preserve Its Cultural DNA

Ukraine finds solution to preserving its culture through NFTs
Ukraine finds solution to preserving its culture through NFTs

The people of Ukraine have lost many loved ones and architectural beauties, but they also fear for their culture. This is why a group has created an organization that will preserve what remains through NFTs (non-fungible tokens).

Last Saturday, the president of the Blockchain Association of Ukraine Michael Chobnian announced that they plan to digitize “every single piece” at Consensus 2022. The goal is for viewers around the world to be able to enjoy accessing all art pieces in one place using blockchain technology.

“Today, we are announcing a new project [aimed at] how we can save the DNA of the Ukrainian people, Ukrainian culture, and Ukrainian history,” said Chobnian. “Right now, they are bombing museums, churches, and cultural sites. So before they are destroyed, we’re going to digitize every single piece of art or history that we have in museums. We’re going to NFT it and put it on the blockchain.”

Read also: NFT Project Looty Takes Advantage of Technology to Reclaim Stolen African Artifacts on the Digital Space

With the help of crypto, Ukraine has been able to strengthen their defenses against Russia and generate over $135 million in donations from donors worldwide, according to analytics firm Crystal Blockchain.

The NFT plans were announced on a panel titled: “Crypto at War: Behind Ukraine’s Historic Crypto Fundraiser.”

The project is a joint effort of the Ukraine’s blockchain community. 

Illia Polosukhin, the co-founder of NEAR Protocol, revealed that they are partnering with blockchain to enhance their project.

“It is extremely important to bring all the Ukrainian heritage on-chain and offer it to the world and preserve it forever,” said Polosukhin.

The aim of this project, which will create an online window into Ukraine’s cultural DNA and allow anyone to view its items from one place.

“It’s a national project; it’s a private project,” said Chobanian. “It’s what we do as the Blockchain Association of Ukraine, and this way, no one can delete it.”

Chobanian has been a key player in the cryptocurrency world, both as an investor and advisor. He manages donations for Crypto Fund of Ukraine while also being founder at Kuna Exchange.

The first government initiative, the MetaHistory NFT Museum, is dedicated to preserving facts about Putin’s disinformation campaign. Profits generated from NFT sales will be redirected to fund the NFT preservation project.

Read also: South African Artists Find Footing Through NFTs

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