PAPERLESS POLITICS
Crypto to Ukraine’s Rescue?
Global fundraisers for Ukraine have taken off since the Russian invasion of the country. Most of it has taken the traditional route of Facebook and GoFundMe accounts but crypto has also come to the rescue. The crypto community has so far raised nearly $100 million for Ukraine relief efforts. The Ukrainian government is buying bullet-proof vests and night-vision goggles using crypto. Crypto has also been used to purchase 400,000 military-grade rations for soldiers and volunteers on the front line against Russian forces.
The Ukrainian Defense Minister recently noted, “Crypto is helping,” and added that crypto was more efficient as transactions are processed in minutes rather than the days normal banking takes.
The Ukrainian government began accepting crypto donations on Feb. 26 — two days after the Russian invasion — and has opened digital walls for bitcoin, ethereum, tether and other digital currencies.
Ukraine has also expressed interest in selling NFTs to support the resistance effort. While the government has yet to issue NFTs, Ukrainian nations have embraced non-fungible tokens from boxer Wladimir Klitschko — whose NFT proceeds will support the Ukrainian Red Cross and UNICEF — to a news outlet that’s trying to raise $1 million by selling NFTs.
Biden Executive Order on Cryptocurrency Could Be Game Changer
The price of Bitcoin surged on the news that Pres. Biden had signed an Executive Order Wednesday morning directing both the Treasury Department to examine the risks and benefits of cryptocurrency and the Federal Reserve to explore the possibility of a digital dollar.
The EO mandates the government to address six key concerns with the goal of making crypto more inclusive and innovative and less risky: Consumer and investor protection, Financial stability, Illicit activity, U.S. competitiveness on a global stage, Financial inclusion, Responsible innovation.
Many crypto enthusiasts hailed the measure as a major breakthrough for digital currencies that might legitimize crypto in the eyes of many skeptics. Others, however, expressed concern that the EO would be the first step toward federal regulation as Biden has also directed the Treasury Dept. to draw up guidelines for the trading of crypto.
Layerr Partnerships
Last week’s launch of Ali Sabet’s Healing Codes evoked members of the Discord community to share their minted art and how each Healing Code NFT made them feel. Check out Ali Sabet’s Discord to find out more about how to get your unique Healing Code and it’s special healing powers.
Our newest partnership comes with New York fashion house NIMANY and the man behind the brand, Nima Behnoud. Nima uses 15 years of design experience as former creative director of Jacob & Co. Watches & Artistic Director of Tourneau Watches to create a unique collection of NFT’s. Every NFT digital watch effectively buys entry into the exclusive NIMANY CLUB. Those who hold onto their NFT will enjoy exclusive first access to merchandise drops from NIMANY. NIMANY Club NFTs will be available at the end of March. Join the Discord and follow the Instagram to find out more information about NIMANY Club project!
About Us:
Layerr is a Miami and San Francisco based crypto startup contributing to the expansion of the metaverse and mainstream adoption of NFTs. We’re here to bring new updates and carve aspiring artists a piece of the metaverse pie through innovative products and services. Contact us to bring blockchain to your business and guide you into the metaverse.
