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Ukraine cancels crypto airdrop, plans to sell NFTs instead

Ukraine cancels crypto airdrop, plans to sell NFTs instead

Ukraine’s government abruptly canceled its planned crypto airdrop and said it would instead sell NFTs to raise funds following last week’s Russian invasion.

“After careful consideration we decided to cancel airdrop,” Mykhailo Fedorov, Ukraine’s minister for digital transformation, posted from his verified Twitter account today. “Instead, we will announce NFTs to support Ukrainian Armed Forces soon. We DO NOT HAVE any plans to issue any fungible tokens.”

Scammers had earlier appeared to target Ukraine’s fundraising attempts.

© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Author: Andrew Rummer


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