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Ukraine Government Launches It’s NFT Museum Of War

NFT Museum Of War

To raise funds to assist its army and civilians who have been harmed by the ongoing Russian attack, Ukraine has launched its NFT museum of war. With just a few days having passed since Russia began its invasion of Ukraine, the Ukrainian government announced an appeal for contributions in cryptocurrencies such as Bitcoin, Ether, and USDT to aid in the support of its soldiers and citizens who had been displaced by the invasion. The response to this appeal for donations was overwhelmingly encouraging from the crypto community. According to Elliptic, a cryptocurrency analytics company, the appeal for donations netted more than $60 million in contributions. After previously planning to issue an airdrop to people who have donated crypto to help the country, Ukraine decided to go with an NFT project instead, hoping that more individuals will donate as a result of the sale of NFTs, as donors will have confirmation that they have made a donation. Ukraine’s NFT Museum of War The museum, which is named Meta History: Museum of War, was established to commemorate the Ukrainian identity and independence with NFTs depicting various days of the ongoing war. In it, a variety of digital images are shown, including warplane silhouettes, cartoon explosion images, and various photos of news stories.  A statement from Ukraine’s Ministry of Digital Transformation said that the project’s purpose is to preserve the memory of the genuine events of the war period, to transmit honest information throughout the digital community across the globe, and to collect contributions for the assistance of Ukraine. According to the website, each NFT will be sold for 0.15 ETH, and all revenues from the sale will be deposited into the country’s cryptocurrency wallet. NFTs are digital tokens that can be sold and traded. They contain valuable data stored on a blockchain, which is a type of digital ledger. It seems the Ukrainian government is looking to take advantage of the recent popularity of NFTs to bring in donations. 

The post Ukraine Government Launches It’s NFT Museum Of War appeared first on Cryptoknowmics-Crypto News and Media Platform.

Ukraine Government Launches It’s NFT Museum Of War

NFT Museum Of War

To raise funds to assist its army and civilians who have been harmed by the ongoing Russian attack, Ukraine has launched its NFT museum of war. With just a few days having passed since Russia began its invasion of Ukraine, the Ukrainian government announced an appeal for contributions in cryptocurrencies such as Bitcoin, Ether, and USDT to aid in the support of its soldiers and citizens who had been displaced by the invasion. The response to this appeal for donations was overwhelmingly encouraging from the crypto community. According to Elliptic, a cryptocurrency analytics company, the appeal for donations netted more than $60 million in contributions. After previously planning to issue an airdrop to people who have donated crypto to help the country, Ukraine decided to go with an NFT project instead, hoping that more individuals will donate as a result of the sale of NFTs, as donors will have confirmation that they have made a donation. Ukraine’s NFT Museum of War The museum, which is named Meta History: Museum of War, was established to commemorate the Ukrainian identity and independence with NFTs depicting various days of the ongoing war. In it, a variety of digital images are shown, including warplane silhouettes, cartoon explosion images, and various photos of news stories.  A statement from Ukraine’s Ministry of Digital Transformation said that the project’s purpose is to preserve the memory of the genuine events of the war period, to transmit honest information throughout the digital community across the globe, and to collect contributions for the assistance of Ukraine. According to the website, each NFT will be sold for 0.15 ETH, and all revenues from the sale will be deposited into the country’s cryptocurrency wallet. NFTs are digital tokens that can be sold and traded. They contain valuable data stored on a blockchain, which is a type of digital ledger. It seems the Ukrainian government is looking to take advantage of the recent popularity of NFTs to bring in donations. 

The post Ukraine Government Launches It’s NFT Museum Of War appeared first on Cryptoknowmics-Crypto News and Media Platform.

US DOJ Charged Ethereum NFT Project Creators In Rug Pull Case

The US DOJ Charged Ethereum NFT project creators of Frosties for a “rug pull” and wire fraud as well as money laundering so let’s read further in today’s latest Ethereum news. The US DOJ charged Ethereum NFT project creators for defrauding buyers of an NFT project. Andre Llacuna and Ethan Nguyen are the creators of […]

US Justice Dept. Charges Ethereum NFT Project Creators Over ‘Rug Pull’

The alleged creators of the Frosties NFT project, a well-known “rug pull,” were charged with wire fraud and money laundering.

How to protect NFT intellectual property rights explored at Australian Blockchain Week

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption With explosive growth in the past 12 months, the non-fungible token industry is getting too big to ignore IP licenses, experts say.

How to protect NFT intellectual property rights explored at Australian Blockchain Week

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption With explosive growth in the past 12 months, the non-fungible token industry is getting too big to ignore IP licenses, experts say.
Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

How to protect NFT intellectual property rights explored at Australian Blockchain Week

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption With explosive growth in the past 12 months, the non-fungible token industry is getting too big to ignore IP licenses, experts say.

Serial Scam Promoter Floyd Mayweather Is Back With NFT Collection

World-famous boxer Floyd Mayweather has announced a new NFT collection, but whether it will be his first success in the crypto world remains to be seen. After many months of hard workI’m launching my new NFT Project @mayweverse⁰The collection will have 5,000 NFTs (5 different NFTs cards of 1,000 each). Each card has a different […]

The post Serial Scam Promoter Floyd Mayweather Is Back With NFT Collection appeared first on CryptoCoin.News.

How NFTs are changing the gambling industry: Flamingo Casino Club case

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

As the global pandemic has forced regular gaming-enthusiasts to move online, new opportunities for the virtual, NFT-powered future have been created. Only recently, the company Evolution Gaming started using CryptoPunks, the famous NFT collection, as slot machine prizes. According to their press release, CryptoPunks will be used for their “NFT Megaways” game.

Now, the newly-created Flamingo gaming project is a good example of how NFTs are set to revolutionize this industry. 

What is the Flamingo NFT Project? 

Flamingo club is an NFT virtual gaming project. The green light was given on January 21, 2022. The company is planning to build gaming facilities in a partnership with one of the oldest industry representatives in Las Vegas. Further, an entertainment center, a sports arena with a hockey team, golf courses, and horse racing in the Sandbox metaverse are also in the works. It is led by experienced industry leaders: David Aaronson, lawyer, and Vice-President of a large financial company and Waldo Lorenzo, a manager.   

Importantly, every Flamingo club NFT holder will get a share of the profits generated in the Flamingo gaming club. 

In terms of the numbers, the Flamingo club is made up of 11111 unique hand-drawn NFTs that are generated from over 300+ traits, increasing their rarity. As a rarity expert explains: “Rarity drives a large part of the economy around collectible NFTs and produces excitement. Rarity helps drive demand in an NFT project and diversifies a project by offering different levels of traits and utility.” All the cards can be purchased on OpenSea.

What are the use cases and benefits?

Examples of games and other entertainment that will be available on Flamingo include, but are not limited to, Blackjack: Of all the table games, there is none more classy than Blackjack, also known as 21, Roulette: The purest game of chance, roulette gives players a chance to test their luck by picking numbers on a wheel, choosing from 1 to 36, with a 0 and 00, or Mini-Baccarat: a casual, fun way to play this sophisticated high-limit classic. Users can bet on the "Player" or the "Banker". Whichever hand comes closest to 9 is the winner.

Apart from the wide collection of games, all Flamingo NFT holders will participate in draws. The prizes are significant, and include 150.000$ for 5 NFT holders, 10.000$ for 20 NFT holders, 10 Tesla's model 3 for 10 NFT holders, and 200 Apple iPhones 13 for 200 NFT holders. The chances of winning are more than just a statistical probability.

Above all, NFTs are revolutionizing the way money can be made. Gaming houses usually have the odds stacked in their favor for all games, although the house edge does vary on each one. So the house always wins. With Flamingo club, the user is the house, and is set to make returns on their investment from the share of profits made by the club (80% of the profits will be distributed). It is a safe way to make passive income from different activities without participating in them; without the risk of losing your own assets. It is a different way of doing business and participating in this sector.

The covid-fuelled rise in the industry was just the beginning. Nowadays, NFT projects are targeting this sector specifically, setting the tone for future developments. The growth potential is enormous, and with projects like Flamingo, users can find new ways of making money as passive income with low risk and no strings attached.



DeFiance Capital Founder Suffered Losses Worth $1.6M In Hack

The Defiance capital founder suffered major losses worth $1.6 million in the latest hack of the Defi platform as we can see more in today’s latest crypto news. The hackers took out one of the biggest names in DEFI “Arthur_0x” who is the DeFiance capital founder. He warned them however that they messed with the […]

NeoNexus founder pulls the plug on popular Metaverse NFT project

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

Estimates suggest the metaverse project raised 25,000 SOL at its NFT mints, earning between $2 to $4 million.

This NFT Marketplace Is Breaking Barriers

this-nft-marketplace-is-breaking-barriers

NFTs seems to be an unstoppable force. The latest in the blockchain world, NFTs have grown from being traded at $100 million in 2020 to $23 billion in 2021. The 230x increase has got crypto investors searching high and low for quality NFT projects to support. Non-Fungible Tokens, or NFTs, are a way for the…

The post This NFT Marketplace Is Breaking Barriers appeared first on Bitcoin News Miner.

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

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