COVID-19 relief fund for India raises over $2.2 million in donations of crypto assets

SourceBusiness Insider
SectorEconomy
CountryMiddle east

A COVID-19 relief fund for India has raised donations in crypto assets worth over $2.2 million. Since being set up by Sandeep Nailwal, the co-founder of Ethereum platform Polygon, the relief fund has received donations from industry heavyweights like Ethereum creator Vitalik Buterin, who donated tokens worth almost $650,000. 

Last weekend, Nailwal tweeted he had to do something to help the COVID-19 situation in India, where cases and deaths have been rising consistently and many patients are not getting the treatment they need due to a lack of resources. 

Nailwal said he had ways to get oxygen, food and vaccines to those in need in the country and asked people to donate tokens issued on the Ethereum network. His first tweet about the relief fund has been shared over 3,200 times at time of writing and has captured the attention of crypto industry leaders. 

This includes Buterin, but also includes names like former Coinbase CTO and current board member at venture capital firm...read more...