Vitalik Buterin, the famous co-founder of the second largest cryptocurrency asset, took to Twitter to give thanks to the Shiba Inu (SHIB) community for their contribution towards Long Covid relief. On November 22nd, 2022, the Patient-Led Research Collaborative announced a $4.8 million research reward fund for Long Covid-related diseases.
9 Medical Projects Funded Thanks To Shiba Inu
According to Vitalik, the project managed to raise $4.8 million for the Patient-Led Biomedical Fund thanks to the continuous work of the Crypto Relief community-driven fund. Located in India, the Crypto Relief Fund aims to help those affected by the Coronavirus in the long term.
Ultimately, the projects that are eligible to receive grants from the $4.8M fund were chosen by a team of 15 independent medical experts. Besides, Vitalik Buterin’s love for the SHIB goes way back. When SHIB launched over two years ago, Buterin had half of the initial supply in his Ethereum (ETH) wallet.
Shiba Inu (SHIB): This is the project's foundational currency. Starting with a supply of 1 quadrillion (equal to 1,000 trillion), Ryoshi locked 50% in Uniswap (for liquidity purposes) and then sent the other 50% to Ethereum co-founder Vitalik Buterin for safekeeping.— ♧◇K♡♤ (@CaliShibe714) November 25, 2022
Hence, the crypto enthusiast and founder of ETH sacrificed 40% of the Japanese guard dog-themed ERC-20 tokens, sending SHIB to a dead wallet. To boot, the other 10% went to the Coronavirus relief effort, the same Crypto Relief fund that sponsors the brand new $4.8 million Long Covid relief program.
Will Vitalik Buterin Play a Key Role on Twitter?
In other related news, Vitalik Buterin is rumored to be working together with the new Chief Twit Elon Musk on the highly anticipated Twitter Crypto Wallet. The assumption was spread by David Gokhshtein, the famed crypto influencer and YouTuber, who also has his own media outlet. Naturally, right after Gokhshtein’s tweet, SHIB’s arch nemesis Dogecoin (DOGE) took off for a mini bull run.
Moreover, the co-founding member of ETH revealed his stance on the FTX fiasco in a recent interview. Buterin didn’t turn a blind eye to the current crypto market conditions and acknowledged that “allowing grifters like Do Kwon to produce new schemes will attract more evil, as others think they can defraud consequence-free.”
On the Flipside
- The Indian government put a curb on crypto soon after India received Mr. Buterin’s donated crypto for Coronavirus relief.
- India’s infamous crypto ban is a controversial topic on Crypto Twitter, with Binance’s CZ even arguing that it can even “kill the industry.”
Why You Should Care
The Long Covid relief fund serves as a great example of how crypto can add substantial social value through united community efforts.
Learn more about the progress of Twitter’s Crypto Wallet: