Colossal is a biotech firm founded in 2021 by Harvard Medical School professor George Chucrh and businessman Ben Lamm with the goal of resurrecting the mammoth, the last known species of mammoth.
In addition to attempting to reproduce the prehistoric mammal, which became extinct approximately 10,000 B.C., the firm is involved in other conservation efforts for animals that are now on the verge of extinction, such as the white rhinoceros.
Woolly mammoths might be present on our planet as early as 2027, according to Colossal. This would be achievable owing to the efforts of Church, who has been researching techniques to resurrect the animal for the past ten years.
The company is developing a mammoth embryo using DNA samples collected from relics. In this way, improvements in genetic medicine and technology may allow us to resuscitate a species that has been extinct for millennia.
Cardano’s founder took part in a massive funding round led by Legendary Entertainment CEO Thomas Tull. Other investors and equity firms, including socialite Paris Hilton, also attended the event. Hilton is in charge of a number of efforts in the cryptocurrency sector.
The business raised a total of $60 million, which would be utilized for research and operations, including the endeavor to resurrect mammoths.
Hoskinson did not disclose how much of his cash he opted to invest in the firm, but he did state that blockchain may help Colossal achieve its objectives. According to him, the technology might enable the firm leverage even more resources and serve as a source of intellectual property registration for the initiatives being marketed.
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