Vitalik Buterin to donate to COVID-19 research fund

Ethereum co-founder Vitalik Buterin and head of Polygon Sandeep Naival promised to allocate $100 million for COVID-19 research.

Last year @CryptoRelief_ led by @sandeepnailwal 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) June 8, 2023

“Last year CryptoRelief, led by Sandeep Naival, allocated $100 million to COVID research projects I wanted to fund. Sandeep and I discussed and agreed that these and other initiatives are highly effective and in need of grants,” Buterin said.

The developer added that the COVID-19 pandemic and other diseases require “a global solution that combines cutting-edge scientific innovations and practical applications worldwide.”

According to Buterin, $10 million of the new funding will come from him personally.

Naival founded Covid Relief in April 2021. According to the organization’s website, with Buterin they raised more than $58 million in grants to fight the pandemic. Now the fund has more than $20 million in the bank.

In April 2021, Vitalik Buterin donated 100 ETH and 100 MKR totaling over $600,000 to fight the coronavirus pandemic.

Earlier, Shiba Inu developers sent to the Ethereum co-founder’s wallet half of the token supply, making him the largest holder of the meme cryptocurrency.

Later, Buterin burned 410 trillion SHIB or 90% of his holdings, and pledged to direct 10% (70 trillion SHIB) to charity. In the same month he transferred over 50 trillion SHIB (over $1 billion at the time) to the COVID-19 relief fund in India.