Polygon co-founder donates over $90m to healthcare through BFI

by

“`html

<a href="https://bbg-news.com/matic-usd/">Polygon</a> co-founder donates over $90m to healthcare through BFI

Polygon Co-Founder Donates $90 Million: Is He Trying to Buy a Hospital or Just Show Off?

In a twist that could only be described as delightfully absurd, Sandeep Nailwal, the co-founder of Polygon, has decided to sprinkle a staggering $90 million into the healthcare innovation pot through his brainchild, Blockchain For Impact (BFI). Yes, you heard that right—$90 million! That’s enough to buy a small island or at least a very fancy yacht. 🚤

But wait, there’s more! BFI has also pledged an additional $200 million for future initiatives. Because why stop at a mere $90 million when you can aim for the stars—or at least the nearest hospital? 🌌

According to a press release that probably made the office coffee machine spill its contents in excitement, BFI has allocated this hefty sum for innovations in healthcare, biomedical research, and climate resistance. It’s like a buffet of good intentions, and everyone’s invited! 🍽️

Currently, BFI is prioritizing funding for healthcare startups and biomedical research, all while trying to strengthen the public health system through the magical powers of blockchain philanthropy. This includes the Samarth Medical Innovation Program, the European Biomedical Exchange Program, and BFI’s very own BIOME Virtual Network Expansion. Sounds fancy, doesn’t it? Like a sci-fi movie where everyone wears lab coats and speaks in jargon. 🎬

The BIOME Virtual Network Program is BFI’s first foray into the world of biomedical innovation, aiming to support over 46 startup firms through kick-starter initiatives, fellowships, and a sprinkle of innovator support. They’re also teaming up with more than 15 medical colleges to drive 50 research projects involving over 600 researchers. That’s a lot of lab coats! 👩‍🔬👨‍🔬

Sandeep Nailwal, the mastermind behind this philanthropic escapade, stated that the mission is to create scalable and transparent on-chain systems to advance healthcare initiatives for future generations. Because if there’s one thing we need, it’s more transparency in our healthcare—preferably with a side of blockchain. 🕵️‍♂️

“By combining blockchain’s transparency with collaborative funding, we’re ensuring that every dollar is accounted for and maximized for impact,” said Nailwal, probably while standing on a mountain of cash. 💰

Let’s not forget that Nailwal is also known for launching a COVID Relief Fund for India, which attracted donations from crypto bigwigs like Ethereum co-founder Vitalik Buterin and former Coinbase CTO Balaji Srinivasan. It’s like the Avengers of crypto philanthropy, but with fewer capes and more spreadsheets. 📊

According to a recent report from The Giving Block on crypto philanthropy, over $1 billion in crypto assets have been donated to charities in 2024 alone. The average crypto donation was a whopping $10,978, which is a 386% increase from 2023. So, if you thought your donation was generous, think again! 💸

In a final twist of irony, UAE-based crypto firm Fasset has teamed up with Indonesian charity platform Kitabisa’s Islamic donation partner to facilitate religious donations paid through cryptocurrency, specifically in USDT. Because nothing says “I care” quite like sending your tithes via digital currency! 🙏

“`

Read More

2025-03-19 15:11