Ethereum Co-Founder and CryptoRelief Team Up for Pandemic Solutions
- Ethereum co-founder Vitalik Buterin and CryptoRelief, led by Sandeep Nailwal, allocated $100m to high-impact Covid research projects.
- The collaborative effort aims to disburse funds globally, emphasizing open-source and transparent approaches.
- CryptoRelief contributed $90m from the original $SHIB donation, with Buterin adding $10m from his personal funds.
Vitalik Buterin, the Ethereum (ETH) co-founder, teamed up with CryptoRelief, led by Sandeep Nailwal, to allocate $100m to Covid research projects last year. After thorough discussions, they concluded that these projects are high-impact and require additional funding.
Thus, they decided to invest an additional $100m through Buterin’s entity Kanro, utilizing a multi-sig approach. This collaborative effort aims to disburse funds globally, acknowledging the worldwide nature of the Covid crisis and future pandemics.
Last year @CryptoRelief_ led by @sandeepnailwal allocated $100m to Covid research projects I wanted to fund
— vitalik.eth (@VitalikButerin) June 8, 2023
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
While India remains a crucial focus, Buterin and CryptoRelief emphasize the necessity of a comprehensive global strategy. They commit to prioritizing open-source solutions and transparent approaches that rely on medical and infrastructure advancements rather than relying on drastic behavioral changes. Buterin expressed immense satisfaction that Nailwal and CryptoRelief share this viewpoint, as supporting this new initiative further advances the core mission of CRI.
To materialize their commitment, CryptoRelief contributed 90 million USDC from the original Shiba Inu (SHIB) donation, while Buterin pledged an additional 10 million from his personal funds. This substantial funding showcases their unwavering dedication to addressing global pandemics.
I'm really happy @sandeepnailwal and @Cryptorelief_ share this view and have agreed that supporting this new initiative also serves to further the core mission of CRI. @Cryptorelief_ has put in 90M USDC from the original $SHIB donation, and I'm adding another 10M of my own funds.
— vitalik.eth (@VitalikButerin) June 8, 2023
The joint effort between Buterin, Nailwal, and CryptoRelief signifies the urgent need for a global solution to combat Covid and future pandemics. By combining cutting-edge scientific innovation with on-the-ground implementation worldwide, they strive to overcome these challenges. Their decision to invest further in high-impact projects aligns with their vision of creating tangible outcomes.
$100M Investment for Global Health
Moreover, their emphasis on open-source solutions ensures maximum viability and fosters collaboration within the scientific community. Promoting transparency and public scrutiny aims to build trust and encourage widespread participation in finding effective solutions.
While recognizing the importance of India’s role in the fight against Covid, Buterin, and CryptoRelief highlight the significance of a comprehensive global approach. They believe investing in medical advancements and infrastructure improvements will yield long-term benefits. Although not as visible, these behind-the-scenes efforts are crucial in addressing the pandemic.
As Buterin shared his enthusiasm for Nailwal and CryptoRelief’s shared perspective, it is evident that their collaboration serves a greater purpose. By supporting this new initiative, they contribute to global efforts and uphold the core mission of CRI.
With a total investment of $100 million, sourced from CryptoRelief’s original donation and Buterin’s personal funds, this joint endeavor is a testament to their commitment to substantially impacting the fight against Covid and future pandemics. Their dedication to addressing these global challenges serves as a beacon of hope for a brighter and healthier future.
Read more: https://thenewscrypto.com/ethereum-co-founder-and-cryptorelief-team-up-for-pandemic-solutions/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
