Vitalik Buterin, co-founder of Ethereum, and Sandeep Nailwal, co-founder of Polygon, have pledged $100 million to help accelerate COVID-19 research and relief efforts in India.
With variants of COVID-19 continuing to emerge and spread, and with very high numbers of people experiencing long-term symptoms accelerating, research efforts are critical.
How the donation will be used to support COVID-19 research
Buterin’s and Nailwal’s donations are some of the largest philanthropic contributions ever made in crypto. Buterin made the announcement in a Twitter thread and according to the thread, the fund will be donated to Crypto Relief, with the funds going directly to researchers working on solutions to combat the long-term effects of the coronavirus.
Crypto Relief is a project led by Nailwal during the height of the COVID pandemic as an emergency relief fund. The co-founder of the polygon said that the non-profit organization is now becoming a long-term strategic fund for healthcare donations in India. Buterin also confirmed this shift in approach in his Twitter post, noting that dealing with Covid and future pandemics must take an integrated global approach.
“The work in India remains a key part of the solution, but we also need an integrated global approach,” said the co-founder.
The money will go to fund research projects related to cutting-edge scientific discoveries and inventions in India and other developing nations. Overall, it’s a win for science, a win for global health, and a win for humanity.
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Vitalik Buterin’s past donations for COVID relief
Vitalik Buterin has a history of giving to important causes such as COVID-19 relief, donating $1.5 billion worth of cryptocurrency to various non-profit organizations in 2021. During this period, Buterin donated over $1 billion. in Shiba Inu coins to help in the fight for India. against coronavirus.
Buterin made the donation by downloading 50 billion SHIB tokens worth $1.2 billion, which were gifted to him by the creators of the Shiba Inu coin. With India being one of the hardest-hit countries during the pandemic, the fund helped provide medical equipment and supplies as the country battled a deadly second wave of COVID-19 infections.
Outside of the pandemic, Buterin has donated millions of dollars in cryptocurrency to various causes and charities. Last year, he quietly donated $5 million to Ukraine relief efforts after the Russian invasion.
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