Famous Ethereum blockchain pioneer Vitalik Buterin and Polygon co-founder Sandeep Nilewal has joined Indian crypto fund Crypto Relief in an extraordinary initiative aimed at combating the devastating impact of COVID-19.
In a remarkable show of solidarity and innovation, they have pledged to contribute a staggering $100 million to critical areas such as COVID-19 research and the development of essential medical infrastructure.
This pioneering collaboration not only showcases the vast potential of blockchain technology, but also highlights the deep commitment of these visionary leaders to making a measurable difference in the face of a global crisis.
Update: After making its impact in India with emergency humanitarian relief and epidemic prevention work during COVID; As announced last year, the Indian CryptoRelief Fund started by Vitalik Buterin and Sandeep Nailwal is now focusing more on 1/n
– Crypto Relief 🇮🇳 (@CryptoRelief_) June 8, 2023
Pump $90 million in Crypto ReliefTogether with Buterin’s personal contribution of $10 million, it is paving the way for a concerted effort to allocate these funds effectively and meet the urgent needs of the Indian healthcare system.
Blockchain stars unite to tackle the COVID-19 crisis in India
Crypto Relief, a community-driven fund dedicated to providing financial assistance during the difficult times of the COVID-19 pandemic in India, has found powerful allies in the form of blockchain luminaries Buterin and Nailwal. Together, they embark on a pioneering mission to combat the devastating effects of the virus and contribute to the development of new medical technologies in the country.
in Twitter postThe Ethereum co-founder stressed the need for a comprehensive and global solution to not only address the ongoing COVID-19 crisis but also future pandemics that pose major risks in the 21st century.
last year MustafaHosny Oh God, Amen led @tweet I set aside $100 million for Covid research projects that I wanted to fund
Sandeep and I have jointly discussed and concluded that these and other projects are high impact and need to be pursued through grants. And then we decided to allocate an additional $100 million to these projects
– Vitalik.eth (@VitalikButerin) June 8, 2023
Recognizing the importance of integrating frontier scientific innovation with practical implementation on the ground, Buterin emphasized the urgent need for collective action.
Research target areas: air transport and long COVID
Buterin further explained that a significant portion of the allocated funds will go towards critical COVID-19 research. The primary focus of this research will be on understanding and combating airborne transmission of COVID-19 through the development of advanced medical equipment.
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In addition, the initiative aims to prioritize research on the long-term effects of COVID-19, commonly referred to as “Long COVID. “
Through these combined efforts and research goals, Buterin, Neelwal and their partners aim to make significant progress in addressing the immediate challenges posed by the pandemic and contribute to long-term solutions that will help mitigate the impact of COVID-19 and potential future outbreaks. .
The most notable risks from Covid today are the very large number of people with long-term symptoms (aka #LongCovid), and so Long Covid research remains a primary focus.
– Vitalik.eth (@VitalikButerin) June 8, 2023
Blockchain: Buterin’s Ongoing Philanthropic Endeavors
Buterin’s commitment to making a positive impact extends beyond the current endeavor to support India in its fight against COVID-19. This latest initiative is yet another example of Buterin’s philanthropic efforts.
One notable example occurred in April 2022 when Buterin showed his generosity by sending a large donation to worth $5 million in ETH To “help to Ukraine”. This contribution is intended to provide assistance in Ukraine’s defense against the Russian invasion, which took place in February 2022.
Featured image by David Paul Morris/Bloomberg via Getty Images