Ukraine to unveil NFTs to support military as crypto funding push continues


FILE PHOTO: Ukrainian servicemen are seen next to a destroyed armoured vehicle, which they said belongs to the Russian army, outside Kharkiv, Ukraine February 24, 2022. REUTERS/Maksim Levin

LONDON (Reuters) - Ukraine will unveil plans for NFTs to support its armed forces, its vice-prime minister said on Thursday, the latest move in Kyiv's efforts to raise funds in crypto assets after Russia invaded the country last week.

Non-fungible tokens (NFTs) are a kind of crypto asset which represents a digital file such as an image, video or text. They surged in popularity in 2021, generating $25 billion of sales volume.

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