The sales round was led by UkraineDAO, a crowdfunding effort spearheaded by Russian art collective Pussy Riot and NFT studio Trippy Labs, alongside members of the influential PleasrDAO.
Proceeds from the sale will be channeled to the Come Back Alive campaign, which will distribute food, medical supplies, and other necessary services to civilians and the Ukrainian military.
The decentralized autonomous organization (DAO) was able to buy the NFT from itself through donations from its members via a service called PartyBid, where the winning bid for the 1-of-1 flag NFT was placed on behalf of a pool of 3,271 donors.
Source: Cryptocurrency - investing.com
