Reli3f is a humanitarian aid project founded by Web 3.0 artists on Friday, 25th of February, amid the Russian invasion and brutal war in Ukraine. The group pledges that 100% of the profits will go to Ukrainian relief efforts.
Web3 allows the fluid collaboration between artists and collectors to get funds where they are most needed, the project description reads. The NFT collection contains artworks of 37 artists, of whom some are from Ukraine. The NFTs quickly sold out, raising over a million dollars in 30 seconds. Thirty-seven artworks contained 200 editions, each costing 0.05 ETH; thus, the auction raised 370 ETH in total. The secondary sale is currently available on OpenSea.
The founder of the initiative, NFT advocate Andrew Wang promised to provide detailed information on the fund transfer.
gm, it's a new day, and we're working just as hard on @reli3fxyz. for the last few hours our team has been on constant calls with Ukrainian government officials and their crypto advisors. there will be fully transparency on how funds are used.— andrew wang (@andrwwang) February 26, 2022
During the sale, Reli3f trended #1 on the OpenSea NFT marketplace.
UkraineDAO has also been successful in raising funds for Ukraine. 1,000 ETH was donated in 24 hours, and the DAO has currently raised almost $4 million.
On the Flipside
- Users who tried to purchase a Reli3f NFT but didn’t succeed complained about spending hundreds of dollars for gas fees.
- Reli3f warned about scammers pretending to be on the team to sell fake collections. People who aim to support Ukraine by funds should be careful where they send their money to, as the number of scammers and fraudulent fundraisers is high; in both Web 3.0 space and traditional charities.
EMAIL NEWSLETTER
Join to get the flipside of crypto
Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.
[contact-form-7] You can always unsubscribe with just 1 click.
