Web3 Community Raises Funds With RELI3F NFTs to Support Ukraine
CoinEdition
Published Feb 28, 2022 09:55AM ET
Web3 Community Raises Funds With RELI3F NFTs to Support Ukraine
- The web 3 community RELI3F is raising funds for Ukraine.
- The initiative is raising funds through a collection of NFT art by 37 artists.
- Donations flow in as more artists show support.
The world is in a time where more people have come to understand the importance of cryptocurrency. The events of the past weeks have been a turning point for people who once had little or no faith in the power of digital assets.
As the Russian-Ukrainian crisis intensifies, donations are pouring in from all corners of the world to support the people of Ukraine. RELI3F is not left out as they have set up an NFT initiative on OpenSea to help.
In detail, the web3 community is standing with Ukraine with its public auction of 37 NFT collections at the floor price of 0.024 ETH. These NFTs are a catalog of some of its community’s influential artists, some of which are Ukrainians.
The humanitarian aid initiative explains that “100% of the primary sale will go towards relief efforts in Ukraine.” Meanwhile, all royalties from secondary sales will either go towards reliefs or towards supporting Ukrainian artists, charity, and/or art initiatives of the participating artist’s choice.
The official Twitter (NYSE:TWTR) page of RELI3F asserts that more artists are reaching out to contribute to the RELI3F fund. According to them, they have already contacted the team and co-founder of Nova Ukraine to purchase medical supplies on their behalf.
We will announce the mint launch and minting website only via this Twitter account.Please do not click on any links received through other channels.
All official communications about RELI3F will be made by this account.
Our official OS collection: https://t.co/qpySnAVrIK
— RELI3F (@reli3fxyz) February 26, 2022
Meanwhile, the organization disclosed they have already deployed 185 ETH ($485, 000) split evenly between the Come Back Alive, Local Ukrainian Media, and Hospitallers. This comes as the community raised over $1 million (370 ETH) within 30 seconds to support the people of Ukraine.
Continue reading on CoinQuora
Get The News You Want
Written By: CoinEdition
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.