RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Cryptocurrency

Russian Artist Burns Passport, Auctions Video as NFT

Rate Captain by Rate Captain
March 7, 2022
in Cryptocurrency, Economics
Reading Time: 2 mins read
A A
0
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

Olive Allen, a Russian NFT artist, is adamant about her position on the Russia-Ukraine conflict, despite the fact that doing so puts her in grave danger.

Olive Allen, a Russian artist, burned her lone copy of her homeland’s passport in front of the Russian Federation’s Consulate General in New York City after residing in the United States for 11 years.

AlsoRead

IMF Warns Rising Stablecoin Use Could Weaken Naira Demand and Monetary Policy

Nigeria Maintains Lead in Africa’s Stablecoin Adoption as USDT Interest Surges

Nigeria’s Average Petrol Price Rises to N1,288.54 in March 2026, Anambra Pays Highest

Allen, who has been involved in crypto since early 2018, said she made the decision because she couldn’t picture herself returning to Russia under the present regime.

She was looking to alter the narrative that all Russian civilians support the government’s decision to invade Ukraine, highlighting that she knew some people in her homeland who had been “brainwashed beyond the point of no return.”

Allen said of her birth country, “I do not consider Putin’s Russia my home.” In burning the document publicly, she was putting herself at risk when repatriation happens since her disapproval of her home government is out in the open. “I could never return to Russia with the current regime — I’ll be arrested right away,” said Allen.

Speaking on her Twitter account, Allen said that she stands in solidarity with Ukraine, and the “Passport Burning” Non-Fungible Token will be listed on the SuperRare marketplace, with all proceeds going to Save the Children International via the nonprofit charity platform Giving Block in BTC and ETH.

On the bidding page, Allen posted a stirring description: “The War in Ukraine is a tragedy taking the lives of innocent people and bringing devastating destruction. It breaks my heart. I burned my passport not because I do not love my country but because I do not believe in Putin’s Russia. I stand for peace and freedom today and every day.” The auction went live on SuperRare on March 4. It garnered 14 bids and was won for 3.66 ETH by user @dedb8.

It takes more than burning a passport to renounce Russian citizenship

Simply burning the passport will not by itself renounce citizenship to a country. The Russian government made it clear via federal legislation in 2002 that a person living outside of Russia can discontinue their Russian citizenship at their discretion, provided that are have not been indicted by Russia, have no other citizenship, or do not “owe an outstanding obligation to the Russian Federation.”

Allen would have to fill out paperwork at a Russian embassy, presenting an undamaged passport, to end her relationship with the country legally.

Allen is not alone in using NFTs to raise money to aid Ukraine.

Time magazine announced that TimePieces, a web3 initiative, would launch Artists for Peace. An NFT auction including 59 artists will be sold to raise funds for humanitarian and relief efforts in Ukraine. The company said it would not take a cut from any sales.

The Ukraine government is creating an NFT collection to raise funds for the war, and Aid for Ukraine has also received three Solana-based NFTs as donations.

 

Previous Post

The World’s First Crypto War

Next Post

Gold Price hit $2000 amidst Russia-Ukraine War

Related News

IMF Warns Rising Stablecoin Use Could Weaken Naira Demand and Monetary Policy

by Bolarinwa Mathew
June 16, 2026
0

The International Monetary Fund (IMF) has raised concerns over the rapid adoption of U.S. dollar-denominated stablecoins in Nigeria, warning that...

Currency Shifts and Crypto Concerns: The Rising Naira and Falling Stable coins.

Nigeria Maintains Lead in Africa’s Stablecoin Adoption as USDT Interest Surges

by Bolarinwa Mathew
June 2, 2026
0

Nigeria continues to dominate Africa’s stablecoin market in 2026, with growing interest in USDT (Tether) and other dollar-pegged digital assets...

Debunking the Fuel Scarcity Myth and Its Impact on Financial Wellness

Nigeria’s Average Petrol Price Rises to N1,288.54 in March 2026, Anambra Pays Highest

by Akpan Edidong
May 6, 2026
0

The average retail price of Premium Motor Spirit (PMS) across Nigeria increased to N1,288.54 per litre in March 2026, according...

IMF Cautions Central African Republic against Adopting Bitcoin

Bitcoin Tests $80,000 Resistance as It Remains Range-Bound Ahead of FOMC Decision

by Bolarinwa Mathew
April 29, 2026
0

Bitcoin is struggling to break through the key $80,000 psychological level, remaining stuck in a tight trading range as investors...

Next Post

Gold Price hit $2000 amidst Russia-Ukraine War

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Nigeria’s Stock Market Records N1.81 Trillion Gain in July.

FX Market Turnover Surges to $3.05 Billion, Highest in Three Months

July 8, 2026
Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

Naira Weakens to N1,410 in Parallel Market as Summer Travel Demand Intensifies

July 8, 2026

Popular Story

  • APM Terminals Celebrates 17th Anniversary of Port Concession Agreement.

    APM Terminals Celebrates 17th Anniversary of Port Concession Agreement.

    0 shares
    Share 0 Tweet 0
  • MainOne Graduate Trainee Program now open to Nigerian applicants.

    0 shares
    Share 0 Tweet 0
  • Nigerian Stock Market Dips as CBN Holds MPR at 27.5%

    0 shares
    Share 0 Tweet 0
  • 31 Nigerian States Grapple with N2.57 Trillion Domestic Debt Amid No Foreign Inflows

    0 shares
    Share 0 Tweet 0
  • Naira Now Trades At N540 To $1 !

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>