Co-creator of Ethereum Vitalik Buterin has stepped up his support for India’s fight against COVID-19, announcing an additional $10 million donation to the CryptoRelief initiative.
In a tweet on Thursday, Buterin revealed that he would be contributing a total of $100 million to the cause. Joining forces with Polygon co-founder Sandeep Nailwal, CryptoRelief plans to add $90 million in USDC to the donation.
Interestingly, all of these funds were generated from the sales of Shiba Inu (SHIB) tokens that Buterin had sent their way earlier this year.
The donations will primarily be directed towards improving indoor air quality, aiming to curb the spread of the virus, and funding research to mitigate the long-term effects of COVID-19.
Buterin’s continued support demonstrates his commitment to combating the pandemic and assisting India in these challenging times.
The saga of Shiba Inu tokens began when its creators allocated 50% of the token supply to Buterin in 2020, creating a wave of excitement around the project. Buterin took decisive action by burning over $6 billion worth of the tokens in 2021.