The post Vitalik Buterin Donates $533k from Memecoins to Animal Welfare Charity appeared on BitcoinEthereumNews.com.

Vitalik Buterin donates 200 ETH ($524K) to the Animal Welfare Fund. This donation aligns with Buterin’s idea of using cryptocurrency for charitable causes. Ethereum co-founder Vitalik Buterin has once again used digital currency to make a major charitable donation. Buterin recently sold 40 ETH worth of Neirodog meme coins, totaling around $533K, and distributed the profits to several charities. This donation is part of Buterin’s larger plan of directing proceeds from animal-themed meme coins to charitable causes. Buterin Contributed Neirodog Meme Coins to Charity The Neiro community has openly expressed its appreciation for Buterin’s generosity, with many noting the beneficial impact of his contribution on social media. In response, Buterin highlighted his preference for direct charitable efforts and encouraged the cryptocurrency community to investigate more advanced methods of supporting public services. This donation follows Buterin’s $5 million Ethereum commitment to Ukraine in October 2023, which benefited both the Ukrainian government and the Unchain Fund, which helps Ukrainian residents in need. Buterin’s approach demonstrates a dedication to using cryptos to address global concerns, highlighting both financial and symbolic contributions. Buterin has previously expressed concerns about celebrity-backed meme coins, claiming they lack substance and purpose. He highlighted ventures like Ashton Kutcher and Mila Kunis’ Stoner Cats, which used NFTs to fund an animated series, as instances of more meaningful usage of digital assets. He is also looking into the role of meme currencies in charity. He has talked about how these digital assets might be channeled to charitable purposes, demonstrating their potential for beneficial societal influence. His latest donation is a practical illustration of how meme coins may be used to assist public causes, which aligns with his ideal of combining technology and social good.   Source: https://www.livebitcoinnews.com/vitalik-buterin-donates-533k-from-memecoins-to-animal-welfare-charity/

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Filed under: News - @ August 17, 2024 8:20 pm