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Recently the genetics and bioscience company got an investment in a funding round led by Thomas Tull and participated by many others
CEO of Legendary Entertainment Thomas Tull led the funding round organized to raise funds for Colossal. Cardano founder Charles Hoskinson and well known socialite and famous personality Paris Hilton invested in the startup. These investors funded the company’s ‘wild mission’ of bringing back to life the long-extinct wooly Mammoth.
If you can’t imagine the frenzy, consider that the Mammoth that Colossal is planning to resurrect has been extinct around 10,000 BC. The founder of the company, George Church, American genetics and Medical professor at Harvard, and businessman Ben Lamm have this idea to bring the Mammoth lost thousand years ago back to life. The prehistoric animal has been dead for a long time but can be resurrected as its DNS still exists. It gave birth to the tantalizing idea. Does it remind you of Jurassic Park? Of course, it does, and maybe this would be possible someday; who knows.
Colossal was created in 2021, and apart from its highly anticipated idea of resurrecting Mammoth, the company has conservation projects for some species currently in danger of extinction, for instance, white rhinoceros and others.
As Colossal claims that the mammoths could relive on the earth by 2027, all this has been made possible because of the work of founder George Church, who has studied numerous ways and methods to bring back extinct animals for more than ten years. The company has been working on the embryo of Mammoth made from their DNA samples which were recovered from fossils. Due to advanced genetic medicine and technology today, it’s now possible to resurrect the species lost in extension long back.
Recent funding raised about $60 million, which the startup firm will use for research and continue its activities that include its mega project of reproducing mammoths.
Paris Hilton has invested in various projects, including crypto, earlier as investors. Thomas Tull himself is known for his investments, although both personalities belong to the media and entertainment industry. So here the role of Cardano founder kind of surprises, although he did not say about his investment amount but mentioned that Colossal could get help from blockchain to achieve its high goals.
Cardano Founder further said that the technology could also help the startup company leverage more resources and be a registration source of intellectual property for all the promoted projects. Investing in such a project raises the curiosity that Hoskinson does not leave any chance or opportunity to promote Cardano.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
