Members of Pfizer-backed VitaDAO are voting on whether to create a for-profit company to secure and distribute funding for longevity research, the collective tweeted on Wednesday.
The company, to be called VitaTech, would leverage public funding to license longevity technologies developed in U.S. universities and support their continued development. The funds would come from research foundations and government grants such as the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR).
“To make up for [VitaDAO’s funding] shortfall, we are currently discussing a proposal to establish a for-profit US-based company that will bridge the gap between research and commercialization,” the collective tweeted.
The company will operate as a subsidiary or affiliate of VitaDAO. It also aims to serve as a launchpad for startups, helping research grant holders commercialize their tech, according to the proposal.
The proposal will enter a 10-week execution phase between April 3 and June 12, 2023, if approved.
VitaDAO raised $4.1 million in a funding round led by Pfizer Ventures with participation from several other investors in January. Pfizer is the first pharmaceutical company to weigh in on decentralized autonomous organization proposals and participate in the VitaDAO project’s incubation and commercialization.
VITA inched up 3% in the past 24 hours, according to CoinDesk data.
Unibot, a trading bot on Telegram, suffered a contract exploit that led to the theft of roughly $560,000 in various cryptocurrencies. The incident caused the UNIBOT token's price to plummet by over 40%, although recovery efforts are underway.
YouQuanIn his unconventional perspective on Bitcoin, Andrew Tate emphasises the significance of financial autonomy and control, resonating with those who value personal sovereignty in an age of government influence. While not everyone may concur with Tate on all matters, his insights on Bitcoin act as a unifying focal point in the pursuit of financial independence.
JasperAfrican students who served as FTX Ambassadors are now enduring threats and backlash in the aftermath of the FTX cryptocurrency exchange's collapse. These ambassadors had actively promoted FTX to friends and family, and the ensuing loss of investor funds has led to blame and personal safety threats against them.
JixuTo bolster user security, the popular crypto wallet is introducing a feature designed to fortify defences against fraudulent schemes, phishing attacks, and cyber breaches
CatherineCircle's announcement to terminate consumer accounts has triggered a vigorous debate within the crypto community amidst deepening regulatory hurdles.
KikyoWallets linked to the financially troubled crypto exchange, FTX, have recently conducted transfers amounting to approximately $156 million in various digital assets, such as Ethereum (ETH) and Solana (SOL), as reported by blockchain analytics firm Nansen.
JasperKenyan government to introduce Digital Identification system, promising streamlined access to services and enhanced commerce.
Hui XinMicrosoft and Siemens unveil a generative AI assistant tailored to meet the specific needs of professionals across sectors like manufacturing, healthcare, transportation, and infrastructure.
CatherineThe donation was large enough for FTX to be considered a diamond sponsor.
AlexIt will implement MiCA in December 2025, six months ahead of the deadline.
Clement