Crypto Conversations: Why Ukraine’s crypto-powered crowdfunding is a watershed moment

The war-torn country has been seeking donations in cryptocurrencies and has announced an NFT collection to further its resistance efforts

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For a country whose armed forces would be dwarfed by the Russian military, Ukraine has resorted to creative means to mount a strong resistance against attacks launched by its neighbour. The second-largest country in Europe after Russia, Ukraine launched a crowdfunding initiative on 26th February this year and has reportedly raised more than $46 million in cryptocurrency donations alone, according to cryptocurrency analytics firm Elliptic.