Bored Ape Yacht Club Donates $1M in Cryptocurrency to Ukraine Crypto Fund

Bored Ape Yacht Club (BAYC) NFT announced on Tuesday that it has contributed $1 million to Ukraine's official Ethereum wallet address.

The information was posted on the BAYC’s Twitter account, along with an Etherscan transaction link showing that it had sent 388.999 ETH (just over $1 million) after being motivated by its community members' contributions.

The BAYC has since become a cultural icon in the NFT sphere, with celebrities such as Eminem, Ozzy Osbourne, Kevin Hart, Steph Curry, Jimmy Fallon, and others "aping" into the collection. 

According to OpenSea's statistics, the BAYC is currently the second-largest NFT collection of all time, with over 417,000 ETH ($1 billion) in secondary sales.

Following the BAYC donation to Ukraine, plenty of additional Web3 communities—from DAOs to memecoin holders to NFT collections—announced programs and initiatives aimed at helping Ukraine.

According to data compiled by Merkle Science, Ukraine has received over $88 million in cryptocurrency donations to date, and the government presently has roughly $7 million in Ethereum in its wallet.