{"id":20432,"date":"2022-03-09T09:35:50","date_gmt":"2022-03-09T08:35:50","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=20432"},"modified":"2022-03-09T09:37:56","modified_gmt":"2022-03-09T08:37:56","slug":"bayc-donates-1m-in-ethereum-to-the-ukrainian-government","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/bayc-donates-1m-in-ethereum-to-the-ukrainian-government\/","title":{"rendered":"BAYC donates $1M in Ethereum to the Ukrainian Government"},"content":{"rendered":"\n
As donations continue to troop in for Ukraine amidst the invasion, the Bored Ape Yacht Club (BAYC) NFT collection announced on Tuesday that it has contributed $1 million to Ukraine's official Ethereum wallet address.<\/a><\/h5>\n\n\n\n
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The information was released on the NFT collection's Twitter account, along with an Etherscan transaction link showing that it had sent 388.999 ETH (just over $1 million) after being motivated by its community members' contributions.<\/p>\n\n\n\n

NFTs are one-of-a-kind tokens that exist on a blockchain like Ethereum and represent asset ownership. The BAYC\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> was one of the first NFT collections to attain a floor price of over 50 ETH per NFT (or minimum “buy-now” price).<\/p>\n\n\n\n

The BAYC has since become a cultural emblem in the NFT sphere, with celebrities such as Eminem, Steph Curry, Jimmy Fallon, and others “aping” the collection.<\/p>\n\n\n\n

According to OpenSea's statistics, the BAYC is currently the second-largest NFT collection <\/a>of all time, with over 417,000 ETH ($1 billion) in secondary sales.<\/p>\n\n\n\n

Following the BAYC gift to Ukraine, a slew of additional Web3 communities\u2014from DAOs to memecoin holders to NFT collections\u2014announced programs and initiatives aimed at helping Ukraine.<\/p>\n\n\n\n

According to data compiled by Merkle Science, Ukraine has received over $88 million in cryptocurrency donations<\/a> to date, and the government presently has roughly $7 million in Ethereum in its wallet.<\/p>\n","protected":false},"excerpt":{"rendered":"

As donations continue to troop in for Ukraine amidst the invasion, the Bored Ape Yacht Club (BAYC) NFT collection announced on Tuesday that it has contributed $1 million to Ukraine’s official Ethereum wallet address. The information was released on the NFT collection’s Twitter account, along with an Etherscan transaction link showing that it had sent […]<\/p>\n","protected":false},"author":12,"featured_media":20436,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21,62],"tags":[5964,5861,5555,5370,7135],"class_list":["post-20432","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-nft-news","tag-bayc","tag-donations-2","tag-ethereum-3","tag-nfts-2","tag-ukraine-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/03\/image-66.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/20432","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=20432"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/20432\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/20436"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=20432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=20432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=20432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}