{"id":8791,"date":"2022-02-26T01:22:27","date_gmt":"2022-02-26T01:22:27","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/nft\/crypto-communities-have-united-to-aid-ukrainians-and-you-can-help\/"},"modified":"2022-02-26T01:22:29","modified_gmt":"2022-02-26T01:22:29","slug":"crypto-communities-have-united-to-aid-ukrainians-and-you-can-help","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/nft\/crypto-communities-have-united-to-aid-ukrainians-and-you-can-help\/","title":{"rendered":"Crypto Communities Have United to Aid Ukrainians, and You Can Help"},"content":{"rendered":"
This week, Russia entered Ukraine with military forces, and thousands of people were displaced. In response, the crypto community quickly banded together. Their goal? To offer assistance to those residing in the now war-torn country. Sam Bankman-Fried, the CEO of the cryptocurrency exchange FTX, announced that every Ukrainian<\/a> who uses his platform would receive $25. The co-founder of Origin Protocol<\/a> asked if any NFT creators were \u201cinterested in linking up to do a 100% for charity drop for Ukraine relief.\u201d\u00a0<\/p>\n Others rallied around Ukrainian NFT artists by creating Twitter threads and Google spreadsheets of creators to support. Crypto users also funneled more than $4 million in assets to an NGO supporting the Ukrainian military.<\/p>\n And this was just the beginning. <\/p>\n Today (Feb. 25), Pussy Riot\u2019s Nadya Tolokonnikova<\/a>, Trippy Labs<\/a>, and members from the influential PleasrDAO<\/a> came together to create UkraineDAO<\/a>.<\/p>\n A DAO is a group of individuals that coordinate using a shared set of rules. Notably, these rules are immutable, as they are enforced on a blockchain. Typically, DAOs serve as a decentralized model for the purpose of co-investing, but they can be used as a governance system to accomplish other goals. And the goal of UkraineDAO?\u00a0To use the power of web3 technologies to raise funds for Ukraine. Specifically, the DAO is selling non-fungible tokens, and the money gained through these sales will be given to nonprofits that help those suffering from the war. <\/p>\n Earlier today, Tolokonnikovao also announced<\/a> that the DAO plans to purchase an NFT of the Ukrainian flag to \u201chelp those suffering from the war that Putin started in Ukraine.\u201d<\/p>\n The organization already started a major crowdfund<\/a> for any who wish to contribute \u2014 in crypto \u2014 towards the DAO\u2019s efforts. To get involved, follow the UkraineDAO Twitter account<\/a> and join the DAO\u2019s Discord server.<\/p>\n