Kenny Schachter on How the NFT Community Is Organizing to Raise Funds for Ukraine in Record Time

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Kenny Schachter on How the NFT Community Is Organizing to Raise Funds for Ukraine in Record Time
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Our columnist kennyschac takes to OpenSea to raise money for Ukraine:

Work by Brendan Dawes. Courtesy of the artist.

There is a bell curve of morality and integrity in the world. There is nothing inherently corrupt or wrong with the blockchain as a tool other than its excessive environmental footprint, which is being addressed as I type—the problem, as is often the case, is with the people using it. Yes, concerns that the Russians are using cryptocurrency to evade sanctions are legitimate and unsettling. But offsetting that are the unprecedented efforts to corral support for Ukraine.

The do-it-yourself nature of NFTs has not only enabled people of all stripes to make a living off of their creations outside established market channels, but also to swiftly mobilize and become ad-hoc grassroots organizers of their own charitable initiatives.While many of the works donated to NFTUkraine are political in nature, expressing concerns over the present state of the country and its citizens, there are plenty of others that reflect the donors’ daily practices.

NFTUkraine is an organic and ongoing attempt to generate funds that will last as long as it’s needed and as long as artists care to offer up material. For the turn of events instigated by Russia is beyond a regional conflict but rather a tragedy confronting the world. In attempting to forge a vision of Russia as a greater whole, Putin buried himself and his country into another kind of hole they won’t emerge from any time soon.

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