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HomeCrypto NewsMarketEthereum’s Buterin Share Balvi Second Update, Expresses Gratitude to Shiba Inu for Donations

Ethereum’s Buterin Share Balvi Second Update, Expresses Gratitude to Shiba Inu for Donations


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Buterin thanks Shiba Inu for its contribution to the fight against the coronavirus pandemic. 

Vitalik Buterin, the co-founder of Ethereum, has taken time out to express gratitude to meme-based cryptocurrency Shiba Inu (SHIB) for supporting the Balvi project in its fight against the deadly coronavirus pandemic. 

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In a tweet made today by Ethereum’s co-founder, Balvi, a direct giving fund created by Buterin, has successfully been used to provide financial assistance for numerous coronavirus projects. 

“Second update from Balvi! Lots more anti-covid projects were funded, thanks to funds from @Shibtoken @CryptoRelief,” Buterin said. 

Some of the projects committed to mitigating the spread of coronavirus that received the latest round of funding include Long Covid Research Initiative, D-Nome, Kernls, PolyBio, OpenAeros, etc. 

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The recent tweet made by Buterin marks the second round of funding the Balvi project has provided for coronavirus-related projects. Back in May, the Ethereum exec also shared an update on projects that Balvi funded. 

Shiba Inu’s Donation to Buterin

Recall that the Shiba Inu team gifted Buterin 50% of the entire Shiba Inu tokens. To prevent the coin’s value from plummeting, Buterin announced that he would burn 90% of the token’s supply and donate the remaining assets to an unnamed charity. 

“I’ve decided to burn 90% of the remaining Shiba tokens in my wallet. The remaining 10% will be sent to a (not yet decided) charity with similar values to cryptorelief (preventing large-scale loss of life) but with a more long-term orientation,” Buterin said in a note attached to a transaction

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Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

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