The COVID-19 situation in India has deteriorated sharply, and the co-founder of Polygon has initiated a crypto donation fund

This article is an original piece by Chain Catcher, authored by Wang Dashu.
Recently, the COVID-19 situation in India has sharply deteriorated. According to Sina News, on April 27 alone, India reported 360,000 new cases and 3,286 new deaths, with total deaths exceeding 200,000. The national healthcare system is on the brink of collapse, and new forecasts indicate that the peak is still far from being reached, with actual infection cases likely far exceeding reported cases.
At this critical moment, the crypto community has also begun to focus on this issue and take action. On April 24, Sandeep Nailwal, the founder of the well-known Layer 2 project Polygon, initiated a crypto relief fund for COVID-19 in India, planning to collaborate with NGOs across the country to provide oxygen supplies, food, vaccination costs, and more.
"I can no longer sit idly by; I will organize a Covid relief campaign in response to the current situation in India and need the help of the global crypto community. If you want to donate, I will take full responsibility for transparency, fund usage, and compliance," Nailwal stated on Twitter. The top CA in India's cryptocurrency sector, Vacpad, has agreed to lead the regulatory and auditing department of this initiative to facilitate the influx of funding from various sources.
According to the on-chain address information released on Twitter, the fund has already raised over $3 million worth of cryptocurrency. Among the donations, Ethereum founder Vitalik contributed 100 ETH and 100 MKR, while Tron founder Justin Sun donated 2 million TRX.

At the same time, as one of the most influential figures in the Indian crypto community, Nailwal also called on more crypto projects with Indian backgrounds to participate in donations on Twitter, including the Layer 2 lending protocol Easyfi Network, the DeFi aggregation protocol Instadapp, the stablecoin protocol Defidollar, the multi-chain options DEX oddz finance, the cross-chain liquidity pool Router protocol, and the multi-chain DeFi data network unmarshal, among others. Additionally, Indian background projects like the Ethereum Push Notification Service (EPNS) have also joined in.
However, Nailwal also mentioned that there are currently some regulatory obstacles. After all, the Indian government has previously taken a relatively tough stance on cryptocurrency regulation. Although the Indian finance minister clarified that the stance on the crypto ban does not mean closing all crypto windows, the government is considering blocking the internet protocol (IP) addresses of cryptocurrency exchanges. Furthermore, India had previously proposed a law that would prohibit almost all forms of cryptocurrency, including trading, holding, and mining.