Ethereum co-founder Vitalik Buterin once again used the virtual currency to make a major charitable donation. Buterin recently sold 40 ETH of Neirodog coins, totaling approximately $533,000, and distributed the proceeds to various charities. The donation is part of Buterin’s larger plan to direct profits from animal-themed coins to charitable causes.
The Neiro network has unabashedly expressed its gratitude for Buterin’s generosity, and many have highlighted the favorable effect of his contribution on social media. In response, Buterin emphasized his preference for direct charitable efforts and encouraged the crypto network to explore more complex strategies of supporting public services.
The donation follows Buterin’s pledge of $5 million worth of Ethereum to Ukraine in October 2023, which benefited the Ukrainian government and the Unchain Fund, which is helping Ukrainian citizens in need. Buterin’s technique demonstrates his commitment to cryptocurrencies to address global concerns, highlighting monetary and symbolic ones. Contributions.
Buterin has in the past expressed considerations about celebrity-backed coins, saying they lack substance and purpose. He pointed to corporations such as Ashton Kutcher’s Stoner Cats and Mila Kunis, which used NFTs to fund an animated series, as examples of a more meaningful use of virtual. assets.
He also studies the role of meme coins in charities. He explained how those virtual assets can be channeled simply for charitable purposes, demonstrating their potential for social influence. His most recent donation is a practical representation of how meme coins can be used to help public causes, which fits with his ideal of combining generation and social good.