The creator of Ethereum, Vitalik Buterin, thanked the Shiba Inu community for funding research grants in the UK, US and Canada. In 2021, he received billions of these coins in one of his public wallets in a donation movement.
After the donation, Vitalik decided that he no longer wanted the Shiba Inu in his possession, as he had not agreed to receive the donation from the community. In an unusual move, he sold everything he had on the market, causing the price of the token to plummet.
In addition to Shiba Inu, the creator of the second largest cryptocurrency sold other token memes. At the time, the amount it raised was expressive and everything reverted to social causes.
One of the reasons for which Vitalik made the donation was to combat Covid, although a part was returned after the institution said that it was impossible to receive the amount, due to the bureaucracy of the Indian government.
Vitalik Buterin Thanks Shiba Inu Community After Announcing AI PhD Scholarship Funding
In recent days, the Instituto Futuro da Vida (Future of Life), launched a new postgraduate program, with scholarships for doctoral and postdoctoral studies, to be financed by Vitalik Buterin.
The amount used to fund the researchers’ grants was raised from the sale of billions of Shiba Inu in the last year, prompting the creator of Ethereum to thank the meme coin community, who sent him the values.
“Many thanks to the Shiba Inu community whose cryptocurrency made these exchanges possible!”
Big thanks to the Shiba Inu community, whose cryptocurrency made these fellowships possible!
— vitalik.eth (@VitalikButerin) July 20, 2022
The grants were awarded to Artificial Intelligence researchers for a period of 3 years. These are PHD and Post-Doctorate research scholarships, which will have fixed amounts for professionals residing in the United States, Canada and the United Kingdom.
Anyone who is interested in applying for one of these scholarships, but resides in another country, could even contact the program, but would receive an amount appropriate to the local reality.
The scholarship financed by Vitalik, and indirectly by the shiba inu communitypredicts that the studies will be applied in AI Existential Security, an area that is dedicated to exploring how Artificial Intelligence can put humans at risk and how to combat this threat.
Calming down the SHIB community
When Vitalik Buterin sold his Shiba Inu in the market, many rebelled against him, saying he was causing trouble for the community. Over time, many monitored whether the money destination was in use.
With the funding of the exchanges, and the public thanks to cryptocurrency, Vitalik continues to calm the sentiment of the Shiba Inu community, although the price of this one has not reacted much, facing an 86% drop in the last 9 months against the dollar.