Ethereum

In a rare good news story this week, Ethereum co-founder Vitalik Buterin revealed that, along with Polygon’s Sandeep Nailwal, he has pledged another $100 million for Covid relief.
On June 9, Buterin said he and Sandeep “discussed and jointly concluded these and other projects are high-impact and need follow-through grants.”
<blockquote>“Hence we decided to put $100 million more to these projects.”</blockquote>
Last year, the pair donated a similar amount through the community-driven Crypto Relief project.
<blockquote class="twitter-tweet">
Last year <a href="https://twitter.com/CryptoRelief_?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank">@CryptoRelief_</a> led by <a href="https://twitter.com/sandeepnailwal?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank">@sandeepnailwal</a> allocated $100m to Covid research projects I wanted to fund
Sandeep and I discussed and jointly concluded these and other projects are high-impact and need follow through grants. Hence we decided to put $100m more to these projects
— vitalik.eth (@VitalikButerin) <a href="https://twitter.com/VitalikButerin/status/1666860069273710606?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank">June 8, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<h2 id="vitalik-supporting-covid-causes">Vitalik Supporting Covid Causes</h2>
He said that Crypto Relief has put in $90 million USDC from his original <a href="https://cryptopotato.com/indias-cryptorelief-sends-back-100m-of-vitalik-buterins-shib-donation/" data-wpel-link="internal">SHIB donation</a>, and he is adding a further $10 million from his own funds. Vitalik donated 50 trillion SHIB tokens to the project in May 2022.
Crypto Relief is a project started by Buterin and Nailwal to provide long-term strategic funding for healthcare donations in India.
Buterin acknowledged that Covid was still a global problem along with future pandemics. “Work in India continues to be a key part of the solution,” he said before adding that we also need an integrated global approach.
In order to achieve public health solutions, Buterin has pledged a commitment to “insist on maximal viable open-source for anything we fund.”
<h2 id="crypto-use-for-donations">Crypto Use for Donations</h2>
He added that another focus is on “solutions that depend not on radical behavior change, but on medical and infrastructure work.” They can be behind-the-scenes, but also need to be transparent and open to public scrutiny, he added.
Crypto is being used for donations for a wide array of causes and projects. These range from relief efforts in war-torn <a href="https://cryptopotato.com/these-3-crypto-assets-account-for-85-of-70m-crypto-donations-to-ukraine-report/" data-wpel-link="internal">Ukraine</a> to Turkish earthquake emergency <a href="https://cryptopotato.com/these-crypto-companies-to-send-aid-packages-to-earthquake-hit-turkey/" data-wpel-link="internal">donations</a> to support Canadian truckers.
The post <a href="https://cryptopotato.com/vitalik-buterin-donates-another-100m-to-fund-covid-relief-projects/" rel="nofollow">Vitalik Buterin Donates Another $100M to Fund Covid Relief Projects</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.

Vitalik Buterin Donates Another $100M to Fund Covid Relief Projects

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