When the world stood still with every financial organization brought to its knees, the crypto world is still standing tall. The Covid-19 pandemic has left a massive hole in funds making it harder for the government to curb the spread. When every organization around the world is fighting tooth and nail to support their governments and neighboring countries, the crypto world is not so far behind.
Recently, Vitalik Buterin the co-founder of Ethereum donated over $600,000 into a crypto fund set up to help India fight Covid-19. This extraordinary fund came to life when Sandeep Nailwal, co-founder of Polygon tweeted about running a Covid relief campaign. In the tweet, Sandeep asked for help from the global crypto community, and it responded in an unimaginable manner.
Several people responded to this tweet such as Balaji Srinivasan, a technology investor and crypto pioneer. He replied that he will also join hands to help India fight Covid-19 and win the war.
Srinivasan also later tweeted, “Vitalik has donated to the campaign organized by @sandeepnailwal of Polygon on behalf of the global crypto community.” He added, “Sandeep is a reputable person and has excellent accountants pitching in to make sure disbursal of funds is tracked,”
After the tweet, Srinivasan posted another tweet mentioning his donation of $50k in Ethereum Transaction Hash to the fund while calling other contributors to join the cause.
Answering the call, Vitalik Buterin donated 100 ETH and 100 MKR, which amounts to over $600,000.
Srinivasan further tweeted that he will donate another $50 to the fundraiser, about $100K more for every retweet. Following the suit, the famous pace Australian bowler Bret Lee donated 1 Bitcoin amounting to over 40 Lakhs INR to the fund. He appreciated the gesture by Pat Cummins and asked other IPL players to join the cause and help India get back on its feet.
It almost feels surreal seeing the whole world come together and help India fight against the pandemic. This initiative by Sandeep Nailwal started a chain reaction that forced crypto investors all over the world to contribute to the fund.