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Buterin Donates $1B to India Covid Relief Fund

Buterin-Donates-Over-$1B-to-India-Covid
  • Vitalik Buterin donated over $1 billion worth of meme coins to India Covid Relief Fund.
  • Nailwal, who put together the India relief fund, expresses his appreciation to Buterin.
  • Buterin also donated to other charities like Gitcoin and GiveWell.

Vitalik Buterin, the creator of Ethereum, donated $1 billion worth of meme coins to several non-profit organizations. Consequently, he transferred 500 ETH and over 50 trillion Shiba Inu (SHIB) to the India Covid Relief Fund.

Meanwhile, India has been reporting over 350,000 daily infections and 3,500 fatalities for the last two weeks. The second wave of the virus has overwhelmed the South Asian nation’s healthcare system.

This leaves countless people in India to ask for hospital beds, medical oxygen, and other supplies. Hence, several investors and technology giants have stepped up to help India with this pandemic.

Sandeep Nailwal, COO of Polygon who put together the Indian relief fund, organized this transaction on May 12, 2021. Moreover, he appreciated Buterin for the donation and assured SHIB investors this will be spent accordingly. Nailwal tweeted,

Alongside this donation, Buterin has also donated $441 million worth of AKITA to Gitcoin, an open-source platform on Ethereum.

Furthermore, he donated 13,292 ETH GiveWell and 1000 ETH Methuselah Foundation. Of note, this foundation specializes in extending the human lifespan. He also donated 1050 ETH to the Machine Intelligence Research Institute focusing on safe artificial intelligence technologies.

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Britney is a market analyst who covers stories about the cryptocurrency world. She holds a Business Administration Degree in Finance and aims to let the readers understand crypto from a beginner perspective.