Bitcoin Billionaires Support Mammoth Resurrection Project
Bitcoin billionaires Tim Draper and Cameron Winklevoss have invested in Colossal’s initiative to combat climate change by resurrecting extinct species in their natural habitat.
According to Fortune, Colossal, a biological science firm specializing in “extinction prevention,” was founded by geneticist George Church and entrepreneur Ben Lamm.
On September 13, the company received $15 million from several investors, including Bitcoin billionaires Tim Draper and Cameron Winklevoss, and Legendary Pictures’ founder Thomas Tall.
Also, the project to save the planet’s ecology was supported by Peter Diamandis from Bold Capital, Jim Breyer from Breyer Capital and business coach Tony Robbins.
Colossal wants to revive extinct animal species such as the woolly mammoth, or rather the “frost-resistant elephant with all the basic biological characteristics of the woolly mammoth,” by changing the genetic code of endangered Asian elephants.
The firm also hopes to restore the habitat and nutrition of mammoths, especially the plants that can extract carbon from the atmosphere in cold climates and revitalize ecosystems affected by climate change.
Gemini cryptocurrency exchange co-founder Cameron Winklevoss said in an interview with Fortune on September 14 that Colossal’s work is important not only for the revival of extinct species but also for the preservation of genetic data on species that are now endangered.
He added that he does not expect to benefit from his investment in the Colossal project in the near future, but in the long term there will be many economic opportunities, for example, creating a theme park, like in the Steven Spielberg film.