Bitcoin billionaires Tim Draper and the Winklevoss twins have backed a start-up dubbed ‘Colossal’ that aims to resuscitate woolly mammoths as part of the fight against climate change.
The “de-extinction” bioscience firm closed a $ 15 million funding round on September 13, led by Legendary Pictures founder Thomas Tull.
The round also included the participation of Peter Diamandis of Bold Capital, Jim Breyer of Breyer Capital and Tony Robbins, the famous “caring guru” with a net worth of around $ 500 million.
Colossal was founded by Harvard genetics professor George Church and entrepreneur Ben Lamm.
The company’s de-extinction project will aim to resuscitate the woolly mammoth – or more precisely a “cold-resistant elephant with all the basic biological traits of the woolly mammoth” – by altering the genetic code of endangered Asian elephants. Church intends to implant test tube embryos into elephants or artificial uteri, to grow mammoths that can thrive in cold climates like their ancestors.
The company hopes to restore the root systems of plants that mammoths eat, as they can extract carbon from the atmosphere in cold climates and revitalize ecosystems affected by climate change.
Related: Immutable raises $ 60 million for its carbon-conscious NFT platform
The company’s website describes 10 basic reasons for reviving the mammoth, such as slowing the melting of arctic permafrost, preventing the emission of greenhouse gases trapped in the permafrost layer, saving the modern elephants from extinction and promoting an “ecosystem capable of maintaining its own defenses against climate change.”
Colossal to change the game?
Cameron Winklevoss spoke to Fortune on September 14 about his investment in Colossal, and the Bitcoin (BTC) billionaire said the company’s work could ‘be a game changer’ to save endangered species and ‘protect the future’ of the environment :
“They are trying to solve an important problem – not just how to bring back extinct animals, but how to preserve the genetic record of endangered species, of which there are many. It could be a game changer. ”
Thrilled by @winklevosscapthe investment of @ C’estColossal and its extinction mission which will undoubtedly change the course of history and build a better future. @ federallamm and @geochurch resolve for the future by bringing back the past. https://t.co/n9gEuNbGI5
– Cameron Winklevoss (@cameron) September 13, 2021
Winklevoss said he was supporting the business for the long haul as he didn’t expect to make any money on his investment in the “first two years”, and added that he might even “take more than a decade “to become profitable. .
The Gemini crypto exchange co-founder also pointed out that Colossal could capitalize on his work by essentially following the plot of Steven Spielberg’s hit series Jurassic Park, in which a theme park could be opened to feature a population of creatures. extinct:
“There could be a lot of economic opportunities over time, which could include television or even extinct animal parks, like Jurassic Park.”
“While this is a moonrise, probably full of risk and a ton of technical challenges, if they are successful there is the potential for a very big comeback,” he added.
Winklevoss was of course also asked about a BTC price prediction for the end of 2021, and he said $ 100,000 is achievable thanks to inflation in the US dollar.
“I see Bitcoin ending the year at $ 100,000. There are a lot of favorable winds for this, the main driver being inflation as trillions of dollars flood the money supply as a result of loose monetary policy, ”he said.