ETH-Based Developer Crowdfunding Platform Joins Fight Against Coronavirus

The proliferation of cryptocurrency companies seeking to donate or raise funds for coronavirus relief efforts continues. Ethereum-based crowdfunding platform, Gitcoin, is advancing this trend by pledging at least $50,000 in development grants toward coronavirus-related initiatives.

On March 14, Gitcoin tweeted that its fifth round of grants already has $50,000 committed toward “public health” initiatives. However, it is seeking to reach a minimum of $100,000, with the goal of distributing sufficient funds to multiple efforts.

Gitcoin seeks $100,000 raise for public health projects

The project has invited the public to refer relevant health projects to Gitcoin, noting that submissions will be reviewed alongside partner entities on a “case-by-case basis.”

Funding for Gitcoin’s fifth grants round will begin on March 23 — having been delayed by one week from March 16 as a result of last week’s extreme market volatility.

However, multiple technologies underpinning the Gitcoin…