Nailwal's Crypto Campaign Raises Over $168K for Nepal Disaster Relief

Polygon co-founder Sandeep Nailwal has launched a crypto donation campaign to support Nepal's government relief fund following a devastating glacier-related disaster. The disaster began on August 26 when a massive debris flow and flood hit northern Nepal, destroying roads, bridges, and other infrastructure.

Nailwal announced the campaign on September 4, giving global donors an on-chain route to contribute stablecoins to Nepal's relief efforts. He emphasized that stablecoins can help move emergency aid quickly when traditional payment channels face delays.

The campaign has already raised $168,741 at the time of writing, with various organizations and individuals contributing significant amounts. Blockchain For Impact pledged $100,000, while Ripple committed $300,000 toward relief efforts. The Solana Foundation and Mallow also contributed $166,946.50.