UkraineDAO, the decentralized autonomous organization created by Pussy Riot’s Nadya Tolokonnikova, Trippy Labs and PleasrDAO members, crowdfunded 2,188 Ether (ETH), or $6.1 million, for a 1/1 Ukrainian flag nonfungible token (NFT). Proceeds will go to nonprofit organizations in Ukraine that are helping those affected by the Russian invasion.
The NFT sale was hosted as a PartyBid auction, allowing people to pool resources and bid collectively for fractionalized ownership of the digital Ukrainian flag. Contributors will receive ERC-20 tokens in the form of LOVE tokens depending on the donation amount. At the time of writing, the NFT has not been fractionalized and the funds have not yet been distributed.