War bonds, NFTs and crypto: How Ukraine is funding its defense

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War bonds, NFTs and crypto: How Ukraine is funding its defense
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The epicenter of the latest effort to raise money for Ukraine was a bare-bones office above a bakery in north London.

Isaac Kamlish, Nathan Cohen and Isaac Bentata — ages 23 to 25 — gathered around their laptops earlier this week and helped launch the first-ever sale of one-of-a-kind digital collectibles by a national government.In 24 hours, Kyiv, using technology developed by the trio, sold more than 1,200 non-fungible tokens, or NFTs, raising about $600,000 to help fund its defense against Russia.

If Zelensky's government is toppled or goes into exile, or a long war devastates the Ukrainian economy, repayment would not be a sure thing.S&P Global Ratings lowered its credit rating for Ukraine shortly after the invasion. It said that while it believes the international community will help Ukraine meet its financing needs over the next 12 months, there is the"potential for governance disruptions, putting commercial debt servicing at risk.

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