On February 22nd, Members of Parliament Released NFTs to Help Ukrainian Refugees

02/22/2023 14:58 • Metaverse Matters • 75 views

On February 22, Matt Hancock, a member of the British Parliament, released the NFT to help refugees fleeing the war to raise funds. These NFTs were produced by Oleg Mischenko and consisted of 15 works, named From Ukraine with Love. This week, they will auction on Coinbase. 90% of the funds raised will be used by the charity Care International to help Ukraine, while the rest will be donated to Mr. Mischenko’s family.

British MP Matt Hancock released the NFT to help refugees fleeing the war to raise funds

Introduction

In February of 2022, the world’s attention was captivated once again by the plight of refugees. Specifically, refugees fleeing the war in Ukraine. It was at this time that members of the British parliament decided to take action in a unique way. They teamed up with a Ukrainian artist named Oleg Mischenko and created non-fungible tokens (or NFTs) to raise funds for this vulnerable population.

What are NFTs?

NFTs are a unique type of digital asset that have been making waves in the art world recently. The concept of an NFT is similar to Bitcoin or other cryptocurrencies, where each unit is unique and verified on the blockchain. However, instead of representing a value in terms of currency, NFTs represent ownership of a unique piece of digital artwork.

From Ukraine with Love

The 15 NFTs created by Oleg Mischenko for this initiative are called “From Ukraine with Love”. Each work is a hand-drawn and hand-painted portrait of a Ukrainian refugee. The subjects of the paintings are not given to the viewer beforehand, highlighting the anonymity and universality of these refugees’ stories.

Why NFTs for Refugees?

NFTs are a perfect fit for this initiative for several reasons. Firstly, the uniqueness of each artwork represents the uniqueness of each refugee’s story. Additionally, by creating a digital asset, the artist and the parliament members can ensure that the artwork will never be relinquished or destroyed, unlike physical works of art that could be lost or damaged over time.

The Auction

The 15 NFTs will be available for auction on Coinbase beginning the week of February 28th. Any cryptocurrency can be used to bid on the works, with 90% of proceeds benefiting the charity Care International, which is providing aid to those affected by the war in Ukraine. The remaining 10% will be donated to Mr. Mischenko’s family.

Conclusion

By auctioning off these NFTs, the British parliament and artist Oleg Mischenko are shining a light on the ongoing crisis in Ukraine while raising much-needed funds to provide assistance to those affected. This initiative is a powerful example of how creativity and technology can come together to make a positive impact on the world.

FAQs

What is the origin of the refugee crisis in Ukraine?

The current conflict in Ukraine began in 2014 when Russia annexed Crimea. This led to an ongoing conflict between pro-Russian separatists and the Ukrainian government, resulting in the displacement of over 1.5 million people.

How can I bid on the NFTs?

The NFTs will be available for auction on Coinbase beginning the week of February 28th. To participate, you must have a Coinbase account and sufficient cryptocurrency to place a bid.

How will the funds raised be used to aid refugees in Ukraine?

90% of the funds raised through the NFT auction will be donated to Care International, which is providing aid to those affected by the war in Ukraine. The remaining 10% will be donated to the artist’s family.

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