Vitalik Buterin and Polygon co-founder to help send $100M toward COVID-19 research
Ethereum co-founder Vitalik Buterin is working with India-based crypto fund Crypto Relief and Polygon co founder Sandeep Nailwal to send $100 million towards COVID-19 research and medical infrastructure development in India.
Buterin and Nailwal will receive $90 million in USD Coin (USDC) from Crypto Relief, while Buterin will provide $10 million out of his own pocket to further the cause. The two will then help distribute the funds.
According to a January 2022 Twitter post from Nailwal, Crypto Relief will transfer the funds to Buterin in order for the India-based crypto fund to remain in full compliance with their local laws.
The first installment went towards tackling the COVID-19 pandemic in India through “emergency humanitarian relief.”
Crypto Relief describes itself as a community-run fund which has delivered financial relief to India during the COVID-19 pandemic.
Buterin explained in a June 8 Twitter post that COVID-19 and “future pandemics” will continue to be a “large risk in the 21st century.” According to Buterin, we need a “global solution” that combines “frontier scientific innovation” and “on-the-ground implementation.”
Last year @CryptoRelief_ led by @sandeepnailwal allocated $100m to Covid research projects I wanted to fundSandeep 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
Buterin said much of the COVID-19 research will focus on COVID-19 airborne transmission by building better medical equipment.
“This includes improving ventilation, HEPA filtering, and experimental tech like UVC irradiation,” he said.
The other main research area will focus on “Long COVID,” Buterin added.
We look forward to
Read more on cointelegraph.com
