VitaDAO Nets $4.1M Funding Round for Longevity Research
The decentralized autonomous organization confirmed the closure of a funding round initiated for research to extend human life. VitaDAO indicated that Pfizer Ventures led the funding in response to crypto enthusiast Vitalik Buterin’s calls for broader participation.
Crypto Enthusiasts Supporting Longevity Research
Established by Tyler Golato in 2021, VitaDAO began operations supported by a multistakeholder community comprising contributors, researchers and enthusiasts. Echoing the efforts of Molecule as a biotech protocol, VitaDAO confirmed deploying $3.5 million towards research projects battling ageing, cellular biology and age-related body tissue damage.
VitaDAO’s statement after concluding the round acknowledged the active input of Pfizer Ventures, Shine Capital, BeakerDAO, L1 Digital and Spaceship DAO. The statement lauded the involvement of longevity enthusiasts, including Joe Betts-laCroix of Retro Biosciences and Balaji Srinivasan of Coinbase.
VitaDAO considers Pfizer to be setting the pace as the pioneer pharmaceutical entity to participate and vote favourably on the DAO proposals. The funding round saw Pfizer commit to incubate and commercialize VitaDAO projects.
VitaDAO announced the proceeds from the round would facilitate the establishment of the biotech startup and expand longevity research. The group targets to allocate a portion of the funds towards the commercialization and licensing of NFT intellectual property under the Molecule partnership.
Advancing Mindset to Resolve Aging Diseases
Dealflow steward at VitaDAO Laurence Ion confirmed that several projects are progressing to the advanced phase. He outlined that Mantis Photonics is within the clinical trials of leveraging retinal imaging to diagnose Alzheimer’s.
The head of operations Todd White lauded the successful round as critical to expedite the shift from medicine dependency to addressing ageing symptoms. He admitted that VitaDAO was actively questioning whether ageing involves a disease. He noted changing mindset as people welcome the possibility of resolving ageing diseases.
White reassures the community that the project is governed by the votes cast by holders of native VITA tokens. The vote allowed the group to indicate the projects they desired to support. White revealed that stewards would aid the execution of proposed projects.
Ion reaffirmed the entity’s profile as utilizing the democratic governance structure VitaDAO seeks to revise by swapping physical locations for sovereignty networks. Its accomplishment will yield a unique paradigm portraying a community that transverses various jurisdictions.
Advancing Longevity Research
Meanwhile, VitaDAO’s interest in advancing longevity research mirrors efforts by NewLimit. The firm’s origin in December 2021 is attributed to Coinbase chief executive Brian Armstrong who has been devoted to curing ageing.
Similar efforts to resolve age are evident in Astera Institute established by Stellar’s Jed McCaleb in funding longevity studies. White considers the crypto-longevity research overlap as timely to resolve the existing barriers. He projects crypto to shape innovation and funding to fix the ageing challenge.
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