Vitalik Buterin donates over $600,000 to COVID-19 relief fund

Ethereum co-founder Vitalik Buterin donated 100 ETH and 100 MKR for a total of over $600,000 to a COVID-19 relief fund in India.

Thanks for organizing this @sandeepnailwal and thanks a lot for pointing this out @balajis!https://t.co/2PBOQKYuZqhttps://t.co/uOzQ15sZnL

— vitalik.eth (@VitalikButerin) April 24, 2021

The fundraising campaign was launched by Polygon founder Sandeep Nailwal. He urged the global crypto community to help India in the fight against COVID-19.

Can’t take this sitting down anymore, I am going to run a Covid relief campaign in lieu of what’s going on in India.

Need help from the Global crypto community.

I will take full responsibility for transparency, funds usage and regulatory compliance

If you want to donate.. 1/n

— Sandeep — Polygon(prev Matic Network) (@sandeepnailwal) April 24, 2021

Nailwal also pledged full transparency of the funds, regulatory compliance, and expense reporting.

Following Buterin, the former Coinbase chief technology officer Balaji Srinivasan joined the campaign. He transferred 21.7463 ETH (almost $55,000 at the time of writing).

Here’s the first $50k in ETH for COVID relief in India.

An important feature of crypto is that it enables fast, transparent humanitarian donations from around the world. You can see the donation on-chain here: https://t.co/RRFsfYQe6y

— balajis.com (@balajis) April 25, 2021

But if all you have is Twitter, help spread the word. For every RT, I’ll donate another $50 to fight COVID in India, up to $100k. #cryptovscovid https://t.co/eKlOlccelv

If you’ve been fortunate enough to do well this year, consider joining me and @VitalikButerin by donating at the addresses below.

But if all you have is Twitter, help spread the word. For every RT, I’ll donate another $50 to fight COVID in India, up to $100k. #cryptovscovid https://t.co/eKlOlccelv

— balajis.com (@balajis) April 25, 2021

In March, Buterin stated that NFTs may find application in philanthropy and funding for public goods.

In February, the largest hospital on the Cape Cod peninsula in Massachusetts received about $800,000 in the first cryptocurrency.

Earlier, the children’s charity Songs of Love created a superhero Billy Bitcoin to boost interest in donations in digital assets.

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