Ukraine announced today they will be issuing an NFT collection to fund the current war effort. This is on the back of tens of millions being donated via crypto.
What I find interesting is how Ukraine is capitalizing on public sentiment towards them and using NFTs as a way to get money from Joe Everyman. Traditionally, a lot of this was done by war bonds, which they have raised, but this is logistically more difficult than buying an NFT.
Am I off base on the difficulty of retail investors being able to access foreign debt? What are the reasons for the friction here? Being in the Fintech space, I have wondered for a long time why there aren’t good solutions to the OTC nature of fixed income. I believe the demand is there as all kinds of people seem to enjoy levering up and trading FX, a much more boring product than trading Argentinian distressed paper.
Curious to hear thoughts.
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