Vitalik Buterin donates Shiba Inu to support India Covid relief.

Ethereum co-creator Vitalik Buterin announced on Thursday via Twitter that he is contributing an additional $10 million to CryptoRelief, an initiative focused on preventing the spread of coronavirus in India. This donation is part of a $100 million tranche of donations. Polygon co-founder Sandeep Nailwal leads CryptoRelief, which will add $90 million in USDC to the donation. The funds were generated from the sales of Shiba Inu (SHIB) tokens, which were sent to CryptoRelief by Buterin in early 2021.

Buterin stated that the donations will be used to improve indoor air quality to prevent the spread of coronavirus, as well as to conduct research aimed at inhibiting long-term effects. In 2020, 50% of the Shiba Inu token supply was sent to Buterin after issuance, generating hype for the project. In 2021, Buterin permanently destroyed over $6 billion worth of the tokens, which represented 90% of the held amount at the time. He then donated the remaining tokens, which were valued at $1.2 billion at the time.

According to official sources, coronavirus vaccinations and testing are still ongoing efforts in India.

Edited by Parikshit Mishra.

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