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Ethereum Co-Founder, Vitalik Donates Rs. 4.5 Crores For COVID-19 Relief in India

  • Posted On - 2021-04-26 06:50:47

The co-founder of Ethereum, Vitalik Buterin has donated $606,110 (Rs. 4.5 crores) through cryptocurrency, 100 ETH and 100 MKR, for COVID-19 relief fund in India. 

As the coronavirus is causing tragedy in India, many relief efforts have sprung into action, ranging from individuals giving their time and helping people coordinate and find resources, to companies donating money for oxygen, medicines and other emergency supplies. People around the world are also coming to support India, and Buterin's donation is encouraging the global cryptocurrency community to make a difference here.

On his Twitter, Vitalik posted a pair of links to EtherScan, which showed a transaction of 100 MKR (Maker) and 100 ETH (Ether), totaling over $600,000, approximately Rs. 4.5 crores.

Thanks for organizing this @sandeepnailwal and thanks a lot for pointing this out @balajis!

— vitalik.eth (@VitalikButerin) April 24, 2021

Via the tweet, Buterin thanked Indian tech founder Sandeep Nailwal (MATIC/Polygon) for organizing the COVID-19 relief fund and also thanked Indian-origin technology investor and entrepreneur Balaji Srinivasan for boosting the campaign.

According to Nailwal's tweets, he plans to use the funds to get oxygen, food, and possibly even cover the cost of vaccines for the people in need, and he has promised that all the spending will be published publicly for complete transparency.

Buterin seems to have made this donation in his personal capacity, the Ethereum Foundation has also made significant donations in the past. Last year, the foundation reportedly donated 1,125 ETH to UNICEF, which was at the time worth $262,000. Before that, in 2019, the foundation donated approximately $150,000 in Bitcoin and Ether to UNICEF's experimental crypto fund.