Polygon co-founder raises $2.2M for India COVID-19 relief
COVID-19 has infected more than 17.6 million people in India. A crypto-based relief fund is raising millions to help the country cope with the disaster. The cryptocurrency community has donated over $2.2 million to help India battle a resurgence in COVID-19 cases that has gripped the South Asian country over the past month. Polygon co-founder Sandeep Nailwal established the COVID-19 relief fund to get more food, vaccines and medicine to those in need. On April 24, Nailwal called on his Twitter followers to chip in by donating tokens to a multi-sig ERC-20 address. “Can't take this sitting....
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Vitalik Buterin made the donation after the co-founder of Polygon set up a charity drive to aid COVID-19 relief amid India's second coronavirus wave. Ethereum creator Vitalik Buterin has contributed 100 Ether (ETH) and 100 MKR tokens to a COVID-19 relief fund for India as the country finds itself embroiled in the virus’s second wave. Buterin contributed to a "crypto-COVID" relief fund set up on the cryptocurrency custodian platform, Gnosis Safe. Public transactions on the Ethereum blockchain show two transactions coming from one of Buterin’s wallets on Saturday. The Ethereum creator sent....
Ethereum’s Polygon co-founder Sandeep Nailwal started a crypto campaign relief for India on April 24th. Due to the breakout in the number of Covid-19 cases, the country is undergoing a severe crisis. Nailwal’s initiative has received a positive response from the crypto community. Data from the World Health Organization (WHO) indicates that the country reported […]
In May 2021, the inventor of Ethereum Vitalik Buterin occupied a lot of headlines as he dumped over $1 billion in Shiba Inu (SUBI) to aid the COVID-19 relief cause in India. In April, Buterin donated $500,000 to Sandeep Nailwal, a Polygon co-founder, who attempts to push back against the disease in the country with […]
Realizing Vitalik Buterin's $1 billion donation in Shiba Inu coins to the Covid Crypto Relief Fund in India has turned out to be a labyrinthine process for the fund's creator. Just $20 million of the $1 billion in cryptocurrency that Ethereum (ETH) co-founder Vitalik Buterin donated to a Covid-19 relief fund in India has so far been cashed out and distributed to aid recipients. Figuring out why the process is not as frictionless as crypto users would hope is the focus of a recent interview with the fund's founder, Sandeep Nailwal. Cointelegraph readers will recall that this May, Buterin’s....
The blockchain project Polygon announced it has raised $450 million on Monday in a fundraising round led by Sequoia Capital India with participation from more than 40 venture capital firms. Polygon says that the money will allow the team to help scale Ethereum and bolster the mass adoption of Web3 applications.
Sequoia Capital India and more than 40 VC Firms Inject $450 Million Into Polygon’s Coffers
Polygon has raised $450 million from strategic investors according to a press release sent to Bitcoin.com News on February 7. The funding round was led by Sequoia Capital....