Bitcoin billionaires return to “moonshot” to resurrect woolly mammals… and save the world

Colossal aims to combat climate change by resurrecting endangered species in their natural habitats. The firm’s landmark deextinction project was focused on woolly mammoths. Bitcoin billionaires Tim Draper, the Winklevoss twins, and the Winklevoss brothers have backed a start up called “Colossal”, which aims to resurrect woolly mammals as part of the effort against climate change. Legendary Pictures founder Thomas Tull led the $15 million round of funding for the bioscience firm that focuses on “de-extinction”. Tony Robbins, the well-known “self-help guru” and Peter Diamandis, of Bold Capital, participated in the round. George Church, a Harvard genetics professor, and Ben Lamm, an entrepreneur founded Colossal. The landmark de-extinction project of Colossal will see the firm resurrect the woolly Mammoth, or more precisely, a “cold resistant elephant with all the core biological traits” of the woolly Mammoth. This is done by altering the genetic code for endangered Asian elephants. Church plans to implant test-tube embryos in the elephants or create artificial wombs to help them grow mammoths that are able to thrive in cold environments like their ancestors. The firm plans to restore the plant roots that mammoths depend on, and can draw carbon from the atmosphere in colder climates. They also hope to revitalize ecosystems affected by climate change. Related: Immutable raises $60M to fund its carbon-conscious NFT platform. The firm’s website details 10 reasons to revive the mammoth. It could be a game-changer. Excited about @winklevosscap’s investment in @ItIsColossal’s de-extinction mission that will undoubtedly alter the course of history and create a better future. @federallamm & @geochurch are working together to bring back the past.– Cameron Winklevoss (@cameron) September 13, 2021 Winklevoss stated that he’s behind the company for the long haul, as he doesn’t expect to make any money on his investment in the first “couple of years,” and added that it could even “take upwards of a decade” to become profitable. Co-founder of Th Gemini crypto exchange also stated that Colossal could capitalise on its work by following the plot to Steven Spielberg’s Jurassic Park. In which a theme park could open to display extinct animals, “There could be a lot economic opportunity over the time,” Winklevoss said. “Although it is a moonshot and one likely fraught with risk, but if they succeed, there is the potential to a very large return.” Winklevoss was also asked about a prediction for Bitcoin’s price at the end of 2021. He stated that $100,000 was possible due to the U.S. dollar inflation. “I see Bitcoin ending this year at $100,000.” He said that there are many tailwinds to it, the biggest being inflation, as trillions of dollars flood money supply from loose monetary policy.

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