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

The co-founder of Polygon, the Sandeep Nailwail Don Fund, Blockchain For Impact, exceeded $ 90 million in funding for health care innovation. BFI also promised an additional $ 200 million for future initiatives.

According to a press release sent to Crypto.News, the blockchain for the impact allocated more than $ 90 million in funding for innovations in the Health care sector, biomedical research as well as climate resistance. Not only that, the organization also promised an additional $ 200 million for future initiatives.

Currently, BFI favors the financing of health startups, biomedical research and other efforts that strive to strengthen the public health system through blockchain philanthropy. These initiatives include the Samarth Medical Innovation Program, the European Biomedical Exchange Program and the expansion of the BFI virtual network of BFI.

The BFI-Biome Virtual Network program is the first program of the organization, aimed at advancing biomedical innovation thanks to an increasing virtual network. Over the next three years, Biome will support more than 46 to start up Companies thanks to kicks, scholarships and support for innovators. In addition, he also associates with more than 15 medical faculties to manage 50 research projects involving more than 600 researchers.

Founder of BFI and polygon (Matic) The co-founder, Sandeep Nailwal, said that the organization’s mission was to create scalable and transparent chain systems that can further advance health care initiatives for future generations.

“By combining the transparency of the blockchain with collaborative funding, we make sure that each dollar is taken into account and maximized for the impact,” said Nailwal.

The co-founder of Polygon is known for launch a cocoded rescue fund for Indiagathered donations of the main crypto figures like Ethereum (Ethn) Co-founder Vitalik Buterin and old CTO of Coinbase (BASE) Balaji Srinivasan.

According to a recent report Donation block on crypto philanthropy, more than a billion dollars cryptographic active were given to charity organizations in 2024 only. The report noted that the donation of average crypto was $ 10,978, increasing more than 386% compared to the average amount in 2023.

More recently, United Arab Emirates-Crypto-basée collaborated with Indonesian The partner of Islamic donations of the Kitabisa charity platform to facilitate religious donations paid by cryptocurrency, in particular in the USDT (USDT).