Synopsis
According to a statement by RAIRtech, the proceedings from the NFT would be split between the Ukrainian-American Coordinating Council and the Web3 Developer Fund and would benefit Web3 developers in Ukraine.
AgenciesNEW DELHI – RAIRtech, a digital rights management platform for non-fungible tokens, has announced a special edition of NFTs termed “UkraineGlitch”, which aims to raise $1.3 million to aid in medical provisions for people from the country.
According to a statement by RAIRtech, the proceedings from the NFT would be split between the Ukrainian-American Coordinating Council and the Web3 Developer Fund and would benefit Web3 developers in Ukraine.
Ukraine has been defending itself from a Russian invasion that began on February 24.
The limited-run 1991 NFT collection represents the year that Ukrainians overwhelmingly voted for the Ukrainian independence referendum. The collection is hosted on the Ethereum main net, with each piece priced at 0.1991 ETH ($600).
The project features a glitched image of the Ukrainian flag along with yellow and blue pixelated ‘bullet holes’ sprinkled in the background to represent the flag under duress, RAIRtech said.
With every UkraineGlitch purchased, the number of pixels swapped from yellow to blue increases, eventually inverting or turning the flag upside down. Some pieces are animated to show parts of this progression, while others are still.
Only UkraineGlitch NFT holders can watch the full animation of the flag transformation on the launch page.
“RAIRtech has long enjoyed working with skilled Ukrainian web3 developers. We worked with several different firms and developers to create our front and back ends,” said Ed Prado, CEO of RAIRtech.
“Since the war began, we found the best way to provide help to our Ukrainian friends was to send crypto. We now want to expand and open up this support effort – this is where UkraineGlitch comes in,” he added.
The Ukrainian American Coordinating Council specializes in supplying medical supplies, particularly technologically advanced blood-clotting gauze bandages.
Meanwhile, the Web3 Developer Fund gives out small grants on a rapid as-needed basis to Ukrainian developers to help them relocate and purchase food and supplies.
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