Crypto Expert B Al Falasi on Meta History Museum’s Role in Raising $100,000 Through NFT Sales to Rebuild Ukraine
While this isn’t the first time proceeds from the sale of artwork have gone to good causes, this time around an innovative initiative using cutting-edge technology has caught the world’s attention. In a recent chat with crypto wiz B Al Falasi, we got an in-depth look at the unique philanthropic endeavor.
In February 2022, Russia invaded parts of Ukraine, leaving behind destruction of colossal proportions. B Al Falasi quotes a recent Mckinsey article: “Russia’s invasion of Ukraine has caused the greatest humanitarian crisis in Europe since World War II. Not only do they speak of the obvious pain and suffering caused by the lives lost, but millions of people also face serious issues of displacement and loss of livelihoods. As the war rages on, citizens of the world are mobilizing to offer their support in any way they can.
One of the initiatives that people can contribute to is set up by the Ukrainian Ministry of Digital Transformation and the Ministry of Culture. The platform is called Meta History: Museum of War. Driven by innovation, it’s like no other – it’s an NFT museum. First announced in March 2022, the museum features many NFT collections. “We aim to preserve works of art from the war in Ukraine and beyond – immutable, on the blockchain, forever, for future generations.”, says the museum’s official website about the project, “To achieve, a decentralized non-profit organization, a community team of Ukrainian crypto experts and top-notch artists came together.
NFTs, or non-fungible tokens, are unique assets that live on decentralized blockchain technology. Non-fungible means an asset that cannot be exchanged for another of the same value. For example, you cannot exchange a Picasso for the Mona Lisa, even if a sale was possible and they were available at the same value. NFTs are purchased using cryptocurrencies such as Bitcoin and Ethereum.
B Al Falasi notes that the Meta History Museum not only immortalizes the pain of Ukraine through the heartbreaking works of art, but that it has found a creative way to relieve and support the subjects of these same works of art. . Instead of coercing people into donating and getting nothing in return, the platform offers people around the world a profitable ownership opportunity. Since its inception, the Meta History: Museum has managed to raise $1,290,398. All proceeds went to Aid For Ukraine, a crypto-fund dedicated to the Ukrainian military.
The Meta History: Museum of War is quite methodical in its approach, explains B Al Falasi. The platform begins by gathering highlights and news from the war. It sifts through the hundreds of events and selects those they believe are the most significant or historically significant. Then, NFT artists take these events and create works of art that paint creative, thought-provoking interpretations. Once done, the art is uploaded to their website and available for purchase.
“This blockchain-based and technologically sound initiative of the non-profit organization is not only interesting, novel and ingenious,” says B Al Falasi, “but through it, Meta History: Museum of War has made a bold demonstration unwavering support and obvious caring for the victims of devastating war.