Vitalik Buterin and Polygon co-founder to help send $100M toward COVID-19 research

Ethereum co-founder Vitalik Buterin has teamed up with Crypto Relief, a crypto fund based in India, and Sandeep Nailwal, co-founder of Polygon, to allocate $100 million towards research and the improvement of medical infrastructure in India in response to the COVID-19 pandemic.

Buterin and Nailwal are to be granted $90 million in USDC from Crypto Relief, with Buterin supplementing this amount with an additional $10 million from his own resources to further the cause. The two will then collaborate in distributing the funds.

In a January 2022 tweet, Nailwal stated that Crypto Relief will be sending the funds to Buterin to ensure that the India-based crypto fund is abiding by all applicable regulations.

The first contribution was used to address the COVID-19 crisis in India through providing “emergency humanitarian aid.”

Crypto Relief characterizes itself as a collective-managed fund that has supplied financial aid to India during the COVID-19 pandemic.

In a June 8 Twitter post, Buterin highlighted that COVID-19 and potential future pandemics will remain a major risk in the 21st century, and that a global solution is necessary, one that combines advanced scientific innovation and practical implementation.

Ethereum co-founder Vitalik Buterin stated that a lot of the COVID-19 research will be geared towards understanding airborne transmission of the virus and developing better medical equipment to combat it.

He stated that this entails enhancing ventilation, utilizing HEPA filtering, and even testing out new technologies such as UVC irradiation.

The other primary area of research will concentrate on “Long COVID,” Buterin stated.

In addition, Buterin stated that the $100 million would be transferred to a Gnosis Safe wallet.

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Buterin deployed the first $100 million donation in late January 2022 or shortly thereafter, which was initially made in the form of Shiba Inu (SHIB).

This is not the first time Buterin has undertaken a philanthropic endeavor.

In April 2022, Buterin donated $5 million worth of Ether (ETH) to the “Aid for Ukraine” to help it in its struggle against the Russian invasion that had occurred in February of that year.

Crypto Relief has reported that, as of November 26, it has accumulated $473 million in funds, as per the information on its website.

Cointelegraph contacted Crypto Relief in order to obtain a more current figure, but there was no immediate reply.

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