NFT Project Raises $1M in 30 Seconds for Humanitarian Aid in Ukraine By DailyCoin

Reli3f is a humanitarian support venture based by Internet 3.0 artists on Friday, twenty fifth of February, amid the Russian invasion and brutal struggle in Ukraine. The group pledges that 100% of the income will go to Ukrainian reduction efforts.

Web3 permits the fluid collaboration between artists and collectors to get funds the place they’re most wanted, the venture description reads. The NFT assortment incorporates artworks of 37 artists, of whom some are from Ukraine. The NFTs rapidly bought out, elevating over one million {dollars} in 30 seconds. Thirty-seven artworks contained 200 editions, every costing 0.05 ETH; thus, the public sale raised 370 ETH in whole. The secondary sale is presently out there on OpenSea.

The founding father of the initiative, NFT advocate Andrew Wang promised to supply detailed data on the fund switch.

gm, it is a new day, and we’re working simply as arduous on @reli3fxyz. for the previous few hours our staff has been on fixed calls with Ukrainian authorities officers and their crypto advisors. there can be totally transparency on how funds are used.

— andrew wang (@andrwwang) February 26, 2022

Through the sale, Reli3f trended #1 on the OpenSea NFT market.

UkraineDAO has additionally been profitable in elevating funds for Ukraine. 1,000 ETH was donated in 24 hours, and the DAO has presently raised virtually $4 million.

On the Flipside

• Customers who tried to buy a Reli3f NFT however didn’t succeed complained about spending lots of of {dollars} for fuel charges.
• Reli3f warned about scammers pretending to be on the staff to promote faux collections. Individuals who purpose to assist Ukraine by funds needs to be cautious the place they ship their cash to, because the variety of scammers and fraudulent fundraisers is excessive; in each Internet 3.0 house and conventional charities.