A start-up with a mammoth-sized goal has secured funding from IOHK_Charles
, the founder of the Cardano blockchain, has backed Colossal, a biotech start-up that wants to resurrect the woolly mammoth.
George Church, a Harvard Medical School professor, launched Colossal together with technology entrepreneur Ben Lamm in September 2021 after initially raising $15 million in seed funding.Hoskinson participated in the start-up's recently announced $60 million Series A led by Legendary Entertainment CEO Thomas Tull. Crypto-friendly socialite Paris Hilton also invested in Colossal, along with a slew of venture capital firms.
Where does crypto fit into"de-extinction?" Hoskinson claims that blockchain can be utilized for crowdfunding and intellectual property management.Colossal's founders have repeatedly stressed that their objective is to reverse the biodiversity collapse that has taken place on Earth. They also potentially plan to tackle the melting of permafrost.
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