NFT Auction of Eurovision Winners Raises $900,000 for Charity
The Eurovision Song Contest champions Kalush Orchestra successfully auctioned off an NFT to benefit charity. The auction, which garnered $900,000 in cryptocurrency for Ukraine, was held on MetaHistory, the official charitable NFT museum of Ukraine. WhiteBIT, the biggest cryptocurrency exchange in Europe and a Ukrainian company, won the coveted crystal microphone award. The prize sale for the MetaHistory platform’s auction for the Eurovision Song Contest 2022 generated $900,000.
Two records in Ukraine were simultaneously broken by WhiteBIT. They bought NFT for the maximum money (500 ETH), and they also made the biggest donation during the live stream. The company wants to promote blockchain technology and grow the bitcoin community, so perhaps that’s what drove them to set a record and make the largest cryptocurrency donation to assist their nation. The ambitious partnership between Kalush and MetaHistory does not stop there, though. The Ukrainian music label ENKO, co-founders of the Kalush Orchestra, has started work on a music NFT album with invited renowned Ukrainian and foreign musicians. Every dollar raised will also benefit Ukraine.
Ukrainians are once again showcasing the advantages of NFT with this most recent action. MetaHistory launched its NFT collection of artworks effectively in March, garnering $800,000 in donations for Ukraine. The innovative MetaHistory platform dispels myths about NFTs and champions them as important and ageless forms of communication. The platform serves as an example of how NFTs may be helpful to the entire world, and it is gaining momentum to become a national NFT platform. The funds received will unquestionably be used in a team effort to support our country during this horrific aggression. To prove to the public that NFT can be more than just a speculative asset, MetaHistory will continue to expand its activities, according to CEO VK.