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Breaking News: New Pro-Crypto Plan Unveiled By SEC And CFTC: Could Traditional Markets Go 24/7?
Charles Hoskinson

Cardano Founder Wants To Resurrect The Woolly Mammoth, How Does Blockchain Fit In?

Best Owie
by Best Owie
3 years ago
·
Posted in Cardano
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Cardano founder Charles Hoskinson has shown interest in helping bring back the woolly mammoth by participating in an investment round that was just concluded. Hoskinson who was co-founder of Ethereum and later founded his own blockchain Cardano was one of the multiple investors that participated in an investment round in Colossal, to help them bring the extinct species back to life.

Colossal Raises $60 Million

Colossal is a biotech firm founded by George Church, a professor at the Harvard Medical School, in 2021. Church has been dedicated to bringing this now-extinct member of the mammoth family back to existence through DNA that has survived tens of thousands of years. If successful, Church believes that the woolly mammoth could be back to life by the year 2017.

Related Reading | Binance Adds $1 Billion To Its SAFU Funds to Back Users In Case Of Hack

Colossal’s investment round boasted some heavy hitters, the likes of Cardano founder Charles Hoskinson and Paris Hilton. Hilton who has been in the crypto space for quite some time, although not as long as Hoskinson, along with others, was able to raise $60 million for Colossal to try to resurrect the woolly mammoths.

Colossal plans to create a woolly mammoth embryo that it will make from DNA samples that were collected from animal fossils. Using modern genetic technology and the advancement in medicine, they will try to breed a new woolly mammoth, essentially bringing back an extinct species.

But What Does Cardano Have To Do With It?

Hoskinson has been a vocal supporter of using blockchain technology to make processes much easier. He had contributed to the $60 million raised, although it is undisclosed how much the founder put in, as expected, Hoskinson believes that blockchain can be useful to Colossal in their efforts to bring back this species.

Cardano price chart from TradingView.com

ADA settles above $0.8 | Source: ADAUSD on TradingView.com

He explained that with blockchain technology, Colossal will be able to reach its goal by allowing it to capitalize on more of its resources. Additionally, it can be a way to register the intellectual property rights of all of the projects being promoted in this regard.

Related Reading | Why Bitcoin Could Start Trading Like Gold

The founder did not mention whether the Cardano blockchain will be used in these processes or even used by Colossal, but he has been known to tap into resources were other projects do not.

The woolly mammoths have been extinct for close to a millennium and are said to be the last of the mammoth line before they were wiped out.

Featured image from CoinQuora, chart from TradingView.com
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Best Owie

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Best Owie is a Managing Editor at Bitcoinist with extensive experience and a proficient expert known for crafting captivating and insightful content. Best boasts over six years in the crypto sector, and has supervised the conception and publication of thousands of articles. Best is also a content and marketing strategist with the ability to make sure your content reaches the right audience and beyond. In every aspect, Best stands out as a consummate professional, always striving for unparalleled excellence both within and outside the workplace.

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