USDC

April

Polygon

Coin

<p class="is-style-lead">Vitalik Buterin, the co-founder of Ethereum, has teamed up with Sandeep Nailwal, the co-founder of Polygon, to direct $100 million toward COVID-19 research and the development of medical infrastructure in India. This philanthropic effort aims to address the long-term impacts of the pandemic and bolster healthcare systems.</p>



<p><a href="https://crypto.news/vitalik-buterin-outlines-his-vision-for-good-crypto-future/">Buterin</a> is making a significant contribution to address pressing global challenges. This time, Buterin has joined forces with Sandeep Nailwal, the co-founder of Polygon, to direct $100 million towards COVID-19 research and medical infrastructure development, focusing on tackling &#8220;long COVID&#8221; and enhancing healthcare systems.</p>




    <p>
        You might also like:

        <a href="https://crypto.news/vitalik-buterin-outlines-his-vision-for-good-crypto-future/">
            Vitalik Buterin outlines his vision for good crypto future        </a>
    </p>




<p>As part of this collaborative effort, Crypto Relief, an India-based crypto fund, will provide $90 million in <a href="https://crypto.news/circle-confident-in-usdcs-future-amid-us-banking-crisis/">USD Coin (USDC)</a> to Buterin and Nailwal. An additional $10 million will be contributed by Buterin himself, demonstrating his commitment to the cause. The duo will then work together to ensure the efficient distribution of funds to the designated projects.</p>



<p>Crypto Relief, led by Sandeep Nailwal, is a community-run fund that provides financial relief during the COVID-19 pandemic. In line with their mission, the first installment of funds received from Buterin and Nailwal was <a href="https://crypto.news/polygon-matic-co-founder-covid-relief-fund-india-buterin-srinivasan/">allocated</a> towards emergency humanitarian relief to combat the pandemic in India. </p>




    <p>
        You might also like:

        <a href="https://crypto.news/polygons-nailwal-awaits-gaming-crypto-revolution/">
            Polygon’s Nailwal awaits gaming crypto revolution        </a>
    </p>




<h2 class="wp-block-heading" id="buterin-8217-s-vision-for-a-safer-future">Buterin&#8217;s vision for a safer future</h2>



<p>In a recent Twitter post, Buterin highlighted the persistent risks posed by COVID-19 and future pandemics, emphasizing the need for a global solution. Buterin believes such a solution should blend frontier scientific innovation with on-the-ground implementation. </p>



<p>He believes that finding public health solutions that respect people&#8217;s rights and freedom while remaining accessible to all is crucial. Buterin aims to ensure that people stay alive and healthy and enjoy fulfilling lives worth living. </p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Last year <a href="https://twitter.com/CryptoRelief_?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@CryptoRelief_</a> led by <a href="https://twitter.com/sandeepnailwal?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@sandeepnailwal</a> allocated $100m to Covid research projects I wanted to fund<br><br>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</p>&mdash; vitalik.eth (@VitalikButerin) <a href="https://twitter.com/VitalikButerin/status/1666860069273710606?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 8, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<p>Buterin&#8217;s involvement in philanthropic efforts extends beyond the current endeavor. In May 2021, he contributed 50 trillion SHIB tokens, equivalent to $1.2 billion, to the India Covid Relief Fund in a single transaction. Furthermore, in April 2022, Buterin donated $5 million worth of Ether (<a href="https://crypto.news/price/ethereum/">ETH</a>) to &#8220;Aid for Ukraine&#8221; to <a href="https://crypto.news/vitalik-buterin-1-billion-shib-india-covid-relief-fund/">support</a> the country&#8217;s defense against Russia&#8217;s invasion.&nbsp;</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">.<a href="https://twitter.com/VitalikButerin?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@VitalikButerin</a> donated almost $2.5M in <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$ETH</a> to <a href="https://twitter.com/_AidForUkraine?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@_AidForUkraine</a> 2 days ago, and didn&#39;t say a word! He&#39;s also donated $2.5M to <a href="https://twitter.com/Unchainfund?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@Unchainfund</a>.<br><br>Thanks for your enormous help, Vitalik, and thank you for creating <a href="https://twitter.com/ethereum?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@ethereum</a>! The <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Ethereum</a> community is 💙💛 <a href="https://t.co/HuvDcTM40e" target="_blank">pic.twitter.com/HuvDcTM40e</a></p>&mdash; Aid For Ukraine 🇺🇦 (@_AidForUkraine) <a href="https://twitter.com/_AidForUkraine/status/1511775118736961544?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">April 6, 2022</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<p>The collaboration between Vitalik Buterin and Sandeep Nailwal marks a significant milestone in the ongoing fight against COVID-19. By directing $100 million towards COVID-19 research and medical infrastructure development, Buterin and Nailwal aim to address the long-term consequences of the pandemic and strengthen healthcare systems.&nbsp;</p>



<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe title="Ethereum co-founder Vitalik Buterin on good and bad ways to deal with crypto, and Spore’s approach" width="1020" height="574" src="https://www.youtube.com/embed/bIE1FH1EwZ4?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
</div></figure>



<p>This philanthropic effort underscores the importance of global cooperation and combining scientific innovation with practical implementation to effectively combat present and future pandemics. </p>




    <p>
        You might also like:

        <a href="https://crypto.news/vitalik-buterin-sent-coded-message-in-polygon-zkevm-launch/">
            Vitalik Buterin sent coded message in Polygon zkEVM launch        </a>
    </p>

Ethereum’s Buterin and Polygon’s Nailwal donate $100m for COVID-19 research

Table of Contents

crypto.news

Other articles published on Jun 9, 2023

PulseDao ETH Ist Launching PLSDAO To Drive Interchain Innovation And DeFi Excellence

Texas legislature passes new bitcoin mining laws

OKB's 20th Round of Buy-Back & Burn Program Results in Over 5 Million $OKB Tokens Burned

US Federal Judge Dismisses Lawsuit Against DeFi Platform PoolTogether

Regulatory Challenges Escalating in Cryptocurrency Industry: A Closer Look

Shiba Inu (SHIB) Hits $0.000008, But So Much More Is Desired

Join our free newsletter for daily crypto updates!