Leading News Outlets In Ukraine Aim To Secure $1 Million By Selling NFTs

Three news organizations in Ukraine have partnered with an NFT platform to sell access to exclusive content in order to continue reporting throughout their country’s ongoing war. Multiple reports indicate that the news organizations — Ukrainska Pravda, Hromadske, and Novoye Vremya — are collaborating with NFT platform Vault to secure $1 million via digital items. Approximately 10,000 NFT keys will be sold to assist the news groups in their current attempts to provide coverage of the Russian attack to Eastern European and English-language audiences. Ukraine News Groups Becoming Popular The prominence of Ukrainian-language publishers has increased as international attention has shifted to Russia’s invasion of the sovereign European nation. Sevgil Mysayeva, editor-in-chief of Ukrainska Pravda, said that his publication was the “second most popular” website in Ukraine during the initial days of the invasion, next to search giant Google. In 2000, political journalists Olena Prytula and Georgy Gongadze co-founded Ukrainska Pravda, the latter of whom was killed shortly afterwards. Related Article | Risk Aversion Pulls Crypto Market Down, Bitcoin Still Below $40K In layman’s terms, NFTs are “one-of-a-kind” digital assets that may be purchased and sold like any other type of property, but lack a physical form of their own. Consider digital tokens to be certificates of ownership for either ...