Ethereum Founder Vitalik Buterin Donates $1 Billion In Cryptocurrency For India's Covid-19 Battle

World’s youngest known crypto billionaire and Ethereum founder Vitalik Buterin has donated more than $1 billion in cryptocurrency to the India Covid Relief Fund and several other charities, Forbes reports.

Buterin offloaded large sums of dog-themed meme tokens to offer the grant. These tokens were gifted to him by the creators of Dogelon (ELON), Akita Inu (AKITA) and Shibu Inu coin (SHIB).

Buterin donated 50 trillion SHIB tokens amounting to $1.2 billion in a single transaction on 12 May to the Sandeep Naliwal-founded Indian Covid Relief Fund.

Naliwal is the co-founder and COO of Polygon, which is a protocol that aggregates scalable solutions on Buterin-authored Ethereum through a multi-chain system.

He publicly expressed gratitude to Buterin and reasserted to the SHIB investors that the given funds will be put to use responsibly. “We will not do anything which hurts any community specially the retail community involved with SHIB,” Nailwal had tweeted.

Buterin had also chipped in around $600,000 in ether and maker (MKR) tokens to the fund in April.