There is no denying the fact that the coronavirus pandemic is still very much around us as can be seen with India's current battle against another wave of the virus. This has led to calls for aids and assistance across the world.
Interestingly, some of the responders to this call for assistance are major players in the crypto space who have pledged tangible support towards the ailing Asian country.
One such responder is the co-founder of Ethereum, Vitalik Buterin, who has donated crypto assets to the tune of $650,000 to the cause. According to an available report, Buterin donated over a hundred ETH tokens, and some MKR.
Other donors include Sandeep Nailwal, who is the founder of Polygon, popularly known as MATIC, and Balaji Srinivasan - founder of defunct Bitcoin mining company 21 Inc.
The fatality rates of the second wave of virus has been high and has also overstretched and consumed the India's health care system which is also battling a shortage of essential supplies. Presently, there are 17 million confirmed cases in the country.
Polygon's founder, Sandeep Nailwal, created the digital aid fund for India. The fund is payable in several coins like Dogecoin, Bitcoin, Ethereum, Ripple, and Tezos.
It is interesting to note that the status of cryptocurrencies in India remains unclear as the asian country's governmemt has a history of hostility towards digital assets.
Join the newsletter to receive the latest updates in your inbox.