Vitalik Buterin will donate to the COVID-19 research fund


Ethereum co-founder Vitalik Buterin and Polygon CEO Sandeep Naival have pledged $100 million to research the COVID-19 pandemic.

“Last year [фонд] CryptoRelief, led by Sandeep Naiveal, has committed $100 million towards COVID research projects that I wanted to fund. Sandeep and I discussed and came to a joint conclusion that these and other initiatives are highly effective and need grants,” Buterin said.

The developer added that the coronavirus pandemic and other diseases require a “global solution that combines cutting-edge scientific innovation and practical applications around the world.”

Buterin said $10 million of the new funding will come from him personally.

Naiveal founded Covid Relief in April 2021. According to the organization’s website, with Buterin’s help, they have raised more than $58 million in pandemic grants. The fund now has over $20 million in its bank account.

In April 2021, Vitalik Buterin donated 100 ETH and 100 MKR totaling over $600,000 to fight the coronavirus pandemic.

Earlier, Shiba Inu developers sent half of the emission of tokens to the wallet of the co-founder of Ethereum, which made him the largest holder of meme-cryptocurrency.

Later, Buterin burned 410 trillion SHIB, or 90% of his coins, and promised to donate 10% (70 trillion SHIB) to charity. In the same month, he transferred more than 50 trillion SHIB (over $1 billion at the exchange rate at that time) to the COVID-19 pandemic fund in India.

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