Bored Ape Yacht Club Donates $1 Million in Ethereum to Ukraine Following Community Efforts

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Bored Ape Yacht Club Donates $1 Million in Ethereum to Ukraine Following Community Efforts – The Bored Ape Yacht Club (BAYC) contributed $1 million in ethereum to the Ukrainian government’s ether wallet on March 8.

The money was contributed by the BAYC team in order to match donations to Ukraine raised by BAYC community members totaling roughly $1 million.

At the time of writing, statistics from seven distinct crypto donation initiatives show that Ukraine has received $40.58 million in Ethereum-based digital assets.

Donations sent to government addresses, the Ukraine DAO, the RELI3F.xyz NFT sale, Endaoment, Unchain Fund, Come Back Alive, and Ukrainedao.eth donations have all been recorded by the Dune Analytics Ukraine crypto donations tracker.

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Another cryptocurrency donation tracker in Ukraine, run by Merkle Science, has totaled $90.55 billion in total crypto donations thus far. Donations in tokens such as dogecoin (DOGE), bitcoin (BTC), SOL, polygon (MATIC), DOT, BNB, and NEAR are shown on the Merkle Science tracker.

On Tuesday, the official Twitter account for the popular non-fungible token project Bored Ape Yacht Club (BAYC) stated that it gave $1 million in ethereum (ETH) to the Ukraine government’s ether address. The BAYC team also published a link to the transaction’s blockchain explorer.

“It’s been inspiring to watch our community come together in support of Ukraine – wallets containing a BAYC ecosystem NFT have contributed nearly $1 million in ETH to @Ukraine,” the official BAYC Twitter account stated. “Today, we’re going to equal it with a $1 million ETH donation.”

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The Bored Ape Yacht Club is a popular NFT project that has seen a lot of interest in the previous year. According to dappradar.com, BAYC is the fifth-largest NFT project by sales volume, with $1.4 billion raised to date.

The cheapest BAYC NFT is currently priced at $204,840 (74.64 ETH). The total market capitalization of BAYC NFTs is currently $2.04 billion. At the time of writing, donations made in Ethereum-based assets accounted for 40.8 percent, while donations made in bitcoin (BTC) accounted for 28.7 percent, according to the Merkle Science tracker.

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