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.
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.”
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
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.
“The most salient risks from Covid today are the very high number of people experiencing very-long-term symptoms (aka #LongCovid), and so Long Covid research continues to be a primary focus.”
We look forward to ongoing collaboration between our teams and our networks. Covid won’t end on its own, and there continues to be ongoing risk that the pandemic/hyperendemic will return to a more acute state:https://t.co/vxyd5n27rt
The first $100 million donation was deployed by Buterin in late January 2022 or soon after, which initially came in the form of Shiba Inu (SHIB).
CryptoRelief sending $100m of the $SHIBA funds back to me. I plan to personally deploy these funds with the help of science advisors to complement CryptoRelief’s existing excellent work with some higher-risk higher-reward covid science and relief projects worldwide. https://t.co/xvHxzwwdn8
It isn’t the first philanthropic effort of Buterin’s either.