Unchained

Ukraine Has Received $150 Million in Crypto. Here’s How It Is Being Used - Ep.332

Mar 22, 2022
Illia Polosukhin, co-founder of NEAR Protocol, and George Kikvadze, executive vice chairman at BitFury Group, leverage their deep ties to Ukraine’s tech landscape to discuss the profound impact of cryptocurrency during the ongoing conflict. They delve into the reasons behind crypto's popularity in Ukraine, the staggering amount raised, and various avenues for donations. The conversation also highlights how crypto has evolved from humanitarian aid to military support, showcasing the resilience of the Ukrainian crypto community in a time of crisis.
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ANECDOTE

Illia Polosukhin's Connection to Ukraine

  • Illia Polosukhin was born in Ukraine and lived there until he was 21.
  • He later spent time in Kyiv and Kharkiv, growing the developer community.
INSIGHT

Ukraine's Tech and Crypto Scene

  • Ukraine has a vibrant tech community, with many developers working for global companies.
  • Crypto's accessibility has fueled a rise in Web3 entrepreneurship, converting retail interest into founders.
INSIGHT

Crypto's Role in Humanitarian Aid

  • Crypto donations provided an agile way to address humanitarian needs in Ukraine.
  • Crypto's speed and transparency enabled rapid fund distribution and accountability.
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