“Last year, the [fund] CryptoRelief, led by Sandeep Naiveal, allocated $100 million to COVID research projects that I wanted to fund. Sandeep and I discussed and came to a joint conclusion that these and other initiatives are highly effective and need grants,” Buterin said.
The developer added that the coronavirus pandemic and other diseases require a "global solution that combines cutting-edge scientific innovation and practical applications around the world."
Buterin said $10 million of the new funding will come from him personally.