Ethereum co-founder Vitalik Buterin and Polygon CEO Sandeep Naiwal promised to allocate $100 million for research on the COVID-19 pandemic.
“Last year, [the Fund] CryptoRelief led by Sandeep Naiwal has allocated $100 million for research projects COVID, I wanted to finance. We discussed and came to the joint conclusion that these and other initiatives are highly effective and are in need of grants,” said Buterin.
The developer added that the coronavirus pandemic and other diseases require “global solutions, which combine cutting-edge scientific innovation and practical application in the world.”
According to Buterin, $10 million of new funding will come from him personally.
Naiwal was founded Covid Relief in April 2021. According to the web site of organization, with Buterin they raised over $58 million in grants to fight the pandemic. Now the Fund has more than $20 million in the bank account.
In April of 2021 Buterin donated 100 ETH and 100 MKR totaling more than $600 000 to fight the coronavirus pandemic.
Previously, developers Shiba Inu sent to the co-founder of Ethereum wallet half the issue tokens, which made it the largest holder of a meme cryptocurrency.
Later Buterin burned SHIB 410 trillion or 90% of its own coins, and 10% (70 trillion SHIB) promised to send to charity. In the same month, he sent more than 50 trillion SHIB (over $1 billion at the exchange rate at the time) to Fund to fight against the pandemic COVID-19 in India.