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Vitalik Buterin, co-founder of Ethereum, and Sandeep Nailwal, co-founder of Polygon, have pledged $100 million to assist speed up COVID-19 analysis and reduction efforts in India. 

With COVID-19 variants persevering with to emerge and unfold, and with a really excessive variety of folks experiencing long-term signs dashing up, analysis efforts are vital.

How The Donation Will Be Used To Support COVID-19 Research

The donations from Buterin and Nailwal are a few of the largest philanthropic contributions ever made in crypto. Buterin made the announcement in a Twitter thread and based on the thread, the fund will probably be donated to Crypto Relief, with the funds going on to researchers engaged on options to fight the long-term results of coronavirus. 

Crypto Relief is a challenge led by arrange by Nailwal in the course of the peak of the COVID pandemic as an emergency reduction fund. The polygon co-founder stated the non-profit group is now upgrading right into a long-term strategic fund for healthcare donations in India. Buterin additionally confirmed this modification of strategy in his Twitter publish, noting that coping with Covid and future pandemics must take an built-in international strategy.

“Work in India continues to be a key part of the solution, but we also need an integrated global approach,” the co-founder stated.

The cash will go to fund analysis initiatives associated to cutting-edge scientific discoveries & innovations in India and different growing nations. Overall, it’s a win for science, a win for international well being, and a win for humanity.

ETH worth falls to the $1,700 degree | Source: ETHUSD on TradingView.com

Past Donations Of Vitalik Buterin To COVID Relief

Vitalik Buterin has a historical past of donating to essential causes like COVID-19 reduction, with him donating cryptocurrencies price $1.5 billion to a number of non-profit organizations in 2021. During this era, Buterin donated over $1 billion price of Shiba Inu coin to assist India’s battle in opposition to the coronavirus. 

Buterin made the donation by offloading 50 trillion SHIB tokens price $1.2 billion, which he was gifted by the creators of the Shiba Inu coin. With India being one of the crucial badly affected nations in the course of the pandemic, the fund helped present medical gear and provides because the nation battled a lethal second wave of COVID-19 infections.

Outside of the pandemic, Buterin has donated hundreds of thousands of {dollars} in crypto to varied charities and causes. Last yr, he quietly donated $5 million to Ukraine reduction efforts following the Russian invasion.

Featured picture from Coingape, chart from TradingView.com