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Web3 Community Raises Funds With RELI3F NFTs to Support Ukraine -Breaking

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Support Ukraine: Web3 Community Fundraises Through RELI3F Non-Financial Transfers
    • RELI3F, the web community 3F, is raising money for Ukraine.
    • This initiative aims to raise funds by a collection NFT art from 37 artists.
    • When more artists show their support, the donations pour in.

It is a moment when more people understand cryptocurrency’s importance. For people who had previously doubted the ability of digital assets, the events over the last week have markedly changed their minds.

Donations are flooding in from around the globe to help the Ukrainian people as the Russian-Ukrainian conflict intensifies. RELI3F has also set up an NFT initiative through OpenSea.

With its 37 NFT collection public auction at a floor cost of 0.024ETH, the web3 network is supporting Ukraine. These NFTs are a catalog of some of its community’s influential artists, some of which are Ukrainians.

The humanitarian aid initiative explains that “100% of the primary sale will go towards relief efforts in Ukraine.” Meanwhile, all royalties from secondary sales will either go towards reliefs or towards supporting Ukrainian artists, charity, and/or art initiatives of the participating artist’s choice.

RELI3F’s official Twitter page (NYSE.:) states that RELI3F has received more artist contributions. They claim that they reached out to Nova Ukraine’s co-founder and team to buy medical supplies for them.

The organization revealed that they had already distributed 185 Ethereum ($485, 000), which was split equally between Come Back Alive and Local Ukrainian Media. In just 30 seconds, the community had raised $1,000,000 (370ETH) to assist the Ukrainians.

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