The cryptocurrency community has donated more than $ 2.2 million to help India combat the resurgence of COVID-19 cases that swept the South Asian country last month.
Polygon Sandeep Nailwal co-founder set up a COVID-19 Relief Fund to provide more food, vaccines, and medicine to those in need. On April 24th, Nailwal urged her Twitter followers to contribute by donating codes to a multi-signature ERC-20 address.
“I can’t sit down any longer,” Nyalwal said. “I will campaign for Covid instead of what is happening in India.” “We need help from the global crypto community.”
According to Markets Insider, Ethereum creator Vitalik Buterin donated approximately $ 650K. Balaji Srinivasan, a former CTO of Coinbase, also donated $ 50,000.
Brett Lee, the famous Australian cricketer, also donated 1 Bitcoin (BTC) to the fund.
COVID-19 deposits have soared across India, with daily infection rates topping 350,000 for five consecutive days. Official data on Monday showed that 352,991 new cases of infection were recorded in the previous 24-hour period, with at least 2,812 deaths.
More than 17.6 million cases of COVID infection have been reported in India to date, according to Johns Hopkins University.
COVID-19 has had a devastating impact on public health and the global economy, forcing many countries to rethink pandemic response plans, supply chains, and health systems. Globally, more than 148 million people have been infected with this new disease. Johns Hopkins attributes more than 3.1 million deaths to COVID.
In India, the second wave of the pandemic has been exacerbated by a combination of poor political choices, poor communication, and neglect of public health practices, according to the Chennai-based English-language newspaper The Hindu. Researchers at India’s Kanpur Institute of Technology believe the infection rate may peak in mid-May.