A New Wave of Philanthropy
In a stunning intersection of technology and humanitarianism, Ethereum co-founder Vitalik Buterin has partnered with India’s Crypto Relief and Polygon co-founder Sandeep Nailwal to channel an impressive $100 million towards combating COVID-19 in India. But wait—there’s a plot twist. Buterin will be chipping in an additional $10 million from his own vast treasure of crypto coins. Move over superheroes, because the maestro of blockchains just traded his cape for a wallet!
Funding the Fight
The funds will be allocated in two installments: a whopping $90 million in USD Coin (USDC) from Crypto Relief to Buterin, and his personal contribution to boost this commendable cause. Nailwal mentioned in a Twitter post that this maneuver is a straight and narrow path, keeping Crypto Relief in line with local regulations. Complying with the law while saving lives? Now that’s what we call a win-win!
On the Frontline of Research
Buterin and Nailwal are not merely doling out cash; they’re strategizing about where these funds will land. The first stack of donations has been earmarked for urgent humanitarian relief, steering clear of red tape as much as possible. With a clear vision, Buterin spoke up about the dual focus of their COVID-19 research efforts: combating airborne transmission and studying the mysterious beast that is Long COVID. The tech world is buzzing about how improvements in ventilation and experimental tech like UVC irradiation might just be game-changers in battling the airborne menace.
A Commitment to the Cause
Highlighting the continuous dangers COVID-19 presents, Buterin stated that we need to devise a global solution that fuses high-level scientific breakthroughs with on-the-ground execution. Sounds like a plan that even a superhero team-up might envy! In his words, ‘Covid won’t end on its own.’ A bit unsettling to think about, but luckily the crypto world is busy strumming the strings of collaboration to ward off future calamities.
More Than Just Dollars and Cents
Buterin’s philanthropic journey doesn’t stop at India’s borders. He’s got a knack for giving back, as evidenced by his prior $5 million worth of Ether (ETH) donations to the Aid for Ukraine initiative amidst the Russian invasion concerns. And with Crypto Relief raking in a staggering total of $473 million as per their website, one can only hope this humanitarian whirlwind continues to gain momentum!
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