While everyone is talking about the very moment Will Smith leaped onstage to slap Chris Rock for making jokes about his wife, the crypto community is puzzled over Oscar's plea for crypto donations to help Ukraine during Crypto.com advertisement.
The ad — which was showcased to viewers of the ceremony — called for a moment of silence to "show support for the people of Ukraine, currently facing invasion, conflict and prejudice within their own borders."
However, it appears the crypto community doesn't get the idea of advertising a product, while simultaneously asking for donations. A user under the @Areen_444 alias noted that the ceremony was literally asking "lower/middle class viewers to donate right after saying half a billion dollars was spent on an useless oscars museum."
The others were puzzled over the plea for crypto donations when the award ceremony is basically a "room full of insanely wealthy people."
Crypto.com first announced its Ukraine-focused initiative on February 25, when the company's head Kris Marszalek said in a tweet that the company had donated $1 million to the Red Cross Red Crescent. There's also a cap on the donations that Crypto.com will match. Until March 31, the company will process only up to $1 million in crypto donations.
Users can donate by crypto via Crypto.com pay, by debit card via Red Cross Crescent, or by simply purchasing non-fungible tokens (NFT) made by Crypto.com (although Ukraine's government launched its own NFT collection called 'Museum of War'). It remains unclear if Crypto.com charges fees for these services.