A group of cryptocurrency enthusiasts and political activists came together to help Ukraine economically as geopolitical conflict with Russia intensifies.

Nadya Tolokonnikova, a Russian political activist and a former member of the anarchist feminist group called Pussy Riot, has announced on Twitter a new organization dubbed UkraineDAO in a collaboration with Trippy Labs and PleasrDAO.

According to the description of the page, the DAO aims to raise funds for "Ukrainian organisations that are helping those suffering from the war in Ukraine." Although no details on how exactly UkraineDAO wants to raise money have been revealed, the organization said it "will be buying an NFT of Ukrainian flag."

We're minting the Ukrainian flag because it's not about any specific artists or aesthetics — it's about something much bigger than all of us, it's a pure gesture of solidarity.

The DAO reportedly plans to mint 10,000 NFTs of Ukrainian flag on the Ethereum blockchain. All the proceeds will be sent to the Return Alive Foundation and NGO Proliska.

Read also: Symbol of peace and struggle. NFT community reacts to the Russian invasion of Ukraine

Earlier, To The Moon reported that a DAO called BuyTheBroncosDAO is set to buy the Denver Broncos, a football franchise, for a record $4 billion. However, Derek Sorensen, a computer science PhD student at the University of Cambridge in the UK, says the more realistic goal is to raise around 25% of the money needed.

With that capital, the DAO could place the winning bid, and later join a consortium of more traditional buyers.