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How Web3 Helped Ukraine’s Eurovision Winner Raise $900,000

Kalush Orchestra, the winners of the Eurovision Song Contest 2022, auctioned off an NFT for charity. Bids were accepted in both cryptocurrency and fiat currency (via Monobank), thus creating a friendly competition for what type of currency can bring the most donations.

“Web3 allows to pool funds in unprecedented ways”, says Alona Shevchenko, co-founder of Ukraine DAO. The NFT of the Ukrainian flag, launched by Ukraine DAO, was auctioned off for $6.5 million in ETH, making it the 10th most expensive NFT ever sold.

“The last three months of war has shown how powerful and creative Web3 could be when it comes to fighting for human freedom”, adds Rev Miller, one of the founding partners of Unchain Fund. To date, Unchain raised around $10m in crypto across 15 different blockchains.

“MetaHistory stand for any undertakings and efforts to collect a charitable support for the benefit of Ukraine. So, when it comes to such a historical trophy and the precedence of the minting, it causes only admiration for MH and Kalush Orchestra teams” comments VK, CEO & founder of MetaHistory.

Eurovision Song Contest 2022 Winners Release NFT for Ukraine Charity Auction

The auction was held on MetaHistory — the official Ukrainian charitable NFT museum – and raised $900,000 in cryptocurrency for Ukraine. Ukraine’s DAO’s co-founder Alona Shevchenko was ‣ Ambassador.

Eurovision Winners' NFT Auction Raises $900K for Charity

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