Pussy Riot’s Tolokonnikova helps to set up UkraineDAO

10,000 NFTs of the Ukrainian flag are being sold to raise funds for Ukrainian charities

Nadezhda Tolokonnikova                                 
Nadezhda Tolokonnikova, attends the re:publica Internet conference in Berlin, Germany, 2015 - Photo:Alamy
                                

Nadezhda Tolokonnikova, nicknamed Nadya Tolokn, co-founder of Pussy Riot, the Russian feminist protest punk rock group and critic of Russian president Vladimir Putin has helped to set up the Ukraine decentralised autonomous organisation (DAO). It will be sending funds to Ukraine’s charities during the Russian invasion.

Trippy Labs, a non-fungible token (NFT) studio and PleasrDAO, a collection of Decentralised Finance (DeFi) leaders, also played a part in establishing UkraineDAO.

UkraineDAO which uses “the power of Web3 tech and community to raise funds” for Ukrainians under attack, is selling 10,000 NFTs of the Ukrainian flag, minted on the Ethereum (ETH) blockchain to help support the country.

OpenSea, the world’s largest marketplace for NFTs, MoonPay, a platform that allows you to buy and sell crypto and Origin Protocol, a platform for hosting NFT sales have all pledged to support the initiative as well.

Additionally, a one-of-one NFT is being sold which at time of press, has raised 1103 ETH ($2,910,342).

Millions raised in support

Pussy Riot has raised $4m so far and asked via Twitter if they should try and match the $600m in aid the US has sent Ukraine.

Tolokonnikova told Decrypt that she wanted to use the Ukrainian flag as an NFT “because it’s not about any specific artists or aesthetics – it’s about something much bigger than all of us, it’s a pure gesture of solidarity.”   

The Pussy Riot member added “Activism is the only reason I joined Web3. Now, when I’m so deeply ashamed of my government, I simply must try to help Ukrainians.”

Proceeds will be sent to the Return Alive Foundation and NGO Proliska.

Originally set up by an activist in England

The idea for the UkraineDAO came from Alona Shevchenko, a Ukranian activist living in England. Shevchenko had hoped the UkraineDAO would not be needed and that tensions in the region would deescalate.

Shevchenko said: “I started reaching out to my friends, and they connected me with Nadya of Pussy Riot and other PleasrDAO people who I already knew.

“Creating a DAO is a good way to get international and Web3 attention and give the Ukrainian people a voice. This is exactly what DAOs are for, making change offline in the real world harnessing the power of blockchain.”

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