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Ukrainian News Outlets Team Up with NFT Platform Vault, Plan to Raise $1M Selling NFTs

The NFTs issued by both Vault and the news outlets would give buyers exclusive content from the outlets.

ukrainian-flag-crowd
Photo by Stock Film Studio / Envato

Three Ukrainian news outlets have decided to partner up with Vault, an NFT platform, in order to raise $1 million via NFTs, according to Press Gazette. The outlets in question are Ukrainska Pravda, Novoye Vremya, and Hromadske.

All three of these outlets are reportedly hoping to sell a bunch of “NFT Keys,” which will be limited in nature, and will offer holders exclusive content for them to access.

Per both Vault and Press Gazette, each of these keys, shall “provide access to content from the publication’s brave team of journalists, photographers, and editorial team, including photos and videos, links to stories and recommended readings, a special weekly email blast for supporters, and more.”

Vault also said that any and all proceeds earned from these NFT sales shall go directly to the media organizations themselves.

A surge has been experienced by these Ukrainian outlets regarding popularity in the aftermath of Russia’s invasion of Ukraine.

If the Editor in Chief of Ukrainska Pravda, Sevgil Mysayeva is to be believed, the outlet’s website has reportedly been the ” second most popular website in Ukraine after Google” since the invasion.

“About eight million people around the world read us every day. We feel our responsibility to inform the world about the current situation in Ukraine truthfully and in time,” Mysayeva stated.

Ukraine has been leaning on crypto in order to fight back during this very difficult time. Since the invasion, the Ukrainian government as well as an NGO that was supporting the military have been able to successfully raise $59 million through more than 120,000 crypto donations, according to Elliptic.

The nation’s cryptocurrency crowdfunding officially began on February 26th, just 2 days after the invasion began. Their official Twitter account published a tweet that shared 2 addresses to both Bitcoin and Ethereum wallets respectively.

From that time to the present, blockchain records now showcase that those addresses have in total received $10 million in Bitcoin and $18 million in Ethereum.

Sometime after that, the government announced they’d be accepting Polkadot too, with a new announcement coming from Vice Prime Minister Mykhailo Fedorov stating that the government would also begin accepting Dogecoin.

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