Vitalik Buterin, co-founder of Ethereum, has partnered with Sandeep Nailwal, co-founder of Polygon, to allocate $100 million for COVID-19 research and medical infrastructure development in India. This philanthropic effort aims to address the long-term impacts of the pandemic and bolster healthcare systems.
Buterin is making a significant contribution to addressing pressing global challenges. This time, Buterin has joined forces with Sandeep Nailwal, the co-founder of Polygon, to allocate $100 million for COVID-19 research and medical infrastructure development, focusing on tackling “long COVID” and improving healthcare systems.
As part of this collaborative effort, Crypto Relief, an India-based crypto fund, will provide $90 million in USD Coin (USDC) to Buterin and Nailwal. Buterin himself will contribute an additional $10 million, demonstrating his commitment to the cause. The duo will then work together to ensure efficient distribution of funds to designated projects.
Crypto Relief, led by Sandeep Nailwal, is a community-run fund providing financial relief during the COVID-19 pandemic. In accordance with their mission, the first installment of the funds received from Buterin and Nailwal was allocated for emergency humanitarian aid to combat the pandemic in India.
Buterin’s vision for a more secure future
In a recent Twitter post, Buterin highlighted the lingering risks posed by COVID-19 and future pandemics, stressing the need for a global solution. Buterin believes that such a solution should combine cutting-edge scientific innovation with implementation on the ground.
He believes it is crucial to find public health solutions that respect people’s rights and freedom while remaining accessible to all. Buterin aims to ensure that people stay alive and healthy and enjoy a fulfilling life worth living.
Buterin’s involvement in philanthropic endeavors extends beyond the current effort. In May 2021, she contributed 50 billion SHIB tokens, equivalent to $1.2 billion, to the India Covid Relief Fund in a single transaction. Additionally, in April 2022, Buterin donated $5 million worth of Ether (ETH) to “Aid for Ukraine” to support the country’s defense against invasion by Russia.
The collaboration between Vitalik Buterin and Sandeep Nailwal marks an important milestone in the ongoing fight against COVID-19. By committing $100 million to COVID-19 research and medical infrastructure development, Buterin and Nailwal aim to address the long-term consequences of the pandemic and strengthen health care systems.
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This philanthropic effort underscores the importance of global cooperation and combining scientific innovation with practical implementation to effectively combat current and future pandemics.
