Georgia: Ethereum to buy Russian land – L’Indro

A Georgian company in partnership with Ukraine’s Ministry of Digital Information is selling almost all of Russia’s territory by using non-fungible tokens (NFTs), a digital collector based on blockchain technology, to beat Putin and save money for Ukraine.

To start, the company sells 2,443 regions and cities in Russia in the cryptocurrency Ethereum. So far, it has sold 23 areas for a total price of $18,704. Those wishing to make such a purchase can do so by choosing a place on the interactive map published by the company online at russiaforsale.org/.

Next, the company says it will sell massive pieces of Russian architecture such as the various Kremlin and Putin palaces for virtual sale. After that, he plans to put up the mummy of Lenin for sale again with all the proceeds to help Ukraine.

According to the company’s website, this represents “a response to Russian imperialist aggression… Putin is known for occupying another country’s territory. So, let’s give him a taste of his medicine.” And all indications are that this and other similar projects are already helping Ukraine.

Crypto tracker Elliptic claims that since Putin launched his massive invasion of Ukraine on February 24, “tens of millions of dollars in crypto donations” have poured into Ukrainian coffers.

For many, cryptocurrency sales are a strange unknown. But as RFE/RL explains in reporting, “NFTs are essentially proof of ownership of virtual assets and their sales have skyrocketed in recent years, including $69 million for a 13-year-old digital collector by American artist and graphic designer Mike Winkelmann, better known as Beeple. .

The Georgian company claims to have Russian land available for purchase in all shapes and sizes to suit any interest or wallet.

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