Ethereum’s Vitalik Buterin, Polygon’s Sandeep Nailwal Donate $100M to COVID-19 Research

Ethereum co-founder Vitalik Buterin and Polygon co-founder Sandeep Nailwal have pledged $100 million each to help accelerate COVID-19 research and relief efforts in India.

With the emergence and spread of COVID-19 variants, and the vast number of people experiencing long-term symptoms, research efforts are critical.

How donations will be used to support COVID-19 research

Buterin and Nailwal’s donations are the largest philanthropic contributions ever made in crypto. Buterin announced in a twitter thread And according to the thread, the funds 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 set up by Nailwal during the height of the COVID pandemic as an emergency relief fund. Polygon’s co-founder said the non-profit organization is now upgrading to a long-term strategic fund for healthcare charities in India. Buterin also confirmed this change of approach in his Twitter post, noting that tackling Covid and future pandemics requires a unified global approach.

“Working in India remains an important part of the solution, but we also need an integrated global approach,” said the co-founder.

The money will go towards research projects related to cutting edge scientific discoveries and inventions in India and other developing countries. Overall, this is 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 donating to important causes such as COVID-19 relief, in which he donated $1.5 billion worth of cryptocurrency to several non-profit organizations in 2021. During this period, Buterin donated over $1 billion in Shiba Inu coins to aid India’s fight. against coronavirus.

Buterin donated by offloading 50 trillion 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 worst-hit countries during the pandemic, the fund helped provide medical equipment and supplies as the country battled a second wave of COVID-19 infections.

Outside of the pandemic, Buterin has donated millions of dollars in crypto to various charities and causes. Last year, he quietly donated $5 million to Ukraine’s relief efforts following the Russian invasion.

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