Web3 initiative Reli3f has raised over $1.5M for Ukrainian aid efforts

Reli3f, a humanitarian initiative birthed upon the innate artistic commitment to narrate stories in times of hardship, launched their second nonfungible token (NFT) collection Thursday, raising over $300,000 for recognized Ukrainian charities and taking their total to over $1.5 million.

Founded by several esteemed Web3 entrepreneurs — Satvik Sethi, Andrew Wang, Giovanni Gussen, Aleksandra Artamonovskaja, Raskalov, and developer SignorCrypto — in late February this year, Reli3f has unified the talents of 62 artists across the world to showcase the enormous philanthropic potential of NFTs for social good. 

The team chose to distribute the first collection’s fund across a range of enterprises, including 46.25 ETH each to Razom Ukraine, Serhiy Prytula Foundation, Valery Sozanovsky Headquarters, and CEO Club — as evidenced by the Gnosis multi-sig wallet. An additional 40 ETH was also equally gifted to Outright Action International and Web3 For Africans in Ukraine via the royalties fund.

Reveling from the momentum and cultural advocacy of their inaugural collection — which included the likes of renowned artist fvckrender, co-founder of Cool Cats, Clon, and creator of Creature World, Danny Cole — the team reiterated their dedication to supporting the cause with the release of a second series.

Drop 2 featured Reli3f team member Aleksandra Artamonovskaja, alongside the creator of the Coolman Universe, Danny Casale, and music icon Sia under her alias Bianca ‘de Medici, among many others.

RELI3F 2 UKRAINE

We are so excited to announce our roster of 23 incredible artists from around the world who are joining us to raise money for humanitarian efforts for Ukraine!

Come for the art, stay for the impact.#Web3ForGood pic.twitter.com/nFQksANjKv

— RELI3F (@reli3fxyz) April 13, 2022

According to Sethi, only five of the thirty-seven artists featured in the debut collection opted to retain their revenue royalties and, in those cases, solely to transfer funds to their loved ones in Ukraine or to elevate personal circumstances.

All other funds were redistributed back into the charitable treasury, a trend that was replicated in the second collection.

Drop 2 showcased a multitude of artistic disciplines from a generative algorithmic piece based upon the artist’s unique hash seed as in Gavin Li’s ‘Motherland,’ a defiantly symbolic photograph depicting a righteous protester during the Maidan Revolution in Ukraine in Feb 2014 in Den Didenko’s ‘Ray of freedom out of darkness,’ through to a visually playful, thematically intricate wimmelbilderbuch as seen in Sergius’ ‘Revelation.’

Cointelegraph’s tech reporter, Tom Farren spoke to Aleksandra Artamonovskaja, Satvik Sethi and Andrew Wang to understand more about the initial origins of the project, the receptiveness of artists to participate, as well as the future of Reli3f amid operationally agile models for the decentralized autonomous organization (DAOs).

This Zoom interview has been slightly adjusted for clarity, and condensed to suit reading constraints.

“What’s interesting about this drop is that there are a lot of artists that haven’t minted works before, or don’t consider themselves traditional NFT artists. We tried to be really balanced and not just take famous people, but people who are from different regions and have different life stories.” – Artamonovskaja

Recognizing the occurrence of gas wars in drop 1, the team agreed to alter the mechanics for drop 2, deploying a blind-mint open edition whereby all interested parties had the opportunity to purchase as many as desired within a fifteen-min time period for a price of 0.05 ETH.

In total, the drop 2 raised 86 ETH, equivalent to $260,000, during the minting period, and has since traded an additional 21 ETH on OpenSea at the time of writing.

Artamonovskaja: “I was in Ukraine between mid-January to mid-February and was feeling a bit depressed because reading the news, and seeing the stuff…