Ukrainian DAO NFT Flag Sold for $6.75M

As news of the fighting in Ukraine began to dominate the airwaves and social media, a group of crypto activists and enthusiasts quickly rallied to support Ukraine.

Decentralized Autonomous Organization Ukraine DAO raised 2,258 ETH (about $6.75 million) in an auction that began on February 26 and ended on March 2 (after the market crash today, this amount is about $6.4 million).

Launched last month, the Ukraine DAO is the brainchild of Alona Shevchenko, a Ukrainian activist based in England. Shevchenko says Ukraine DAO came together after she contacted members of digital artist collective PleasrDAO and Nadia Tolokonnikova, founder of protest art concept group Pussy Riot.

This was announced by a member of the group Pussy Riot Nadya Tolokonnikova. Decrypt that the use of the Ukrainian flag means solidarity.

“I personally insisted on using the Ukrainian flag,” she said. Decrypt last week. “Because it’s not about any specific artists or aesthetics, it’s a pure gesture of solidarity.”