Roehl Niño Bautista · · 1 min readTrue Global Ventures donates $200k for Ukraine charity fund
True Global Ventures (TGV) has pumped US$200,000 into Unchain Ukraine, a cryptocurrency-based relief effort for Ukraine that has already breached US$2 million in value.
True Global Ventures founder Dusan Stojanovic / Photo credit: True Global Ventures
The firm said it “is standing firm on its anti-war position and promoting the humanitarian side of the world.” TGV has also urged other venture capitalists and Web3 players to support the cause.
Unchain Ukraine has a public audit trail of the donations, and each transaction would need five out of 10 signatures before it can be spent on migrant support, psychological support, food, communication, protective equipment, medicine, and direct aid. The fund has already paid US$150,000 for the cause.
See also: The unique blockchain fund with 40+ partners, including PropertyGuru and Zopim founders
Forza Ikonia, a firm under TGV’s portfolio, has also launched an NFT initiative that sells a Ukraine-inspired artwork for US$10 with no crypto wallet needed. All proceeds and 10% of resales will go to Ukrainian charities.
Editing by Deepti Sri and Lorenzo Kyle Subido
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