Can crypto investments help reverse the aging process?
Early investors in cryptocurrencies, who have already made enough buy a Lamborghini, are now investing in reversing the aging process.
Silicon Valley’s elite has had a long fascination with lifespan extension.
Research projects set up to find ways to reverse the aging process have received funding from the likes of Google.
Unity Biotechnology, a Bay Area company, set up to develop drugs to fight age-related diseases, has also raised large amounts of cash.
Now the industry is receiving a financial injection from a new generation of investors: Crypto millionaires.
“Longevity guru,” Aubrey de Grey says he’s received an influx of donations from millionaires whose fortunes stem from the crypto boom.
The research could potentially extend healthy human lives for thousands of years, according to Grey.
The nonprofit SENS Research Foundation, where de Grey is chief science officer, received £2.4 million worth of Ether from Ethereum founder Vitalik Buterin recently.
Buterin’s donated the funds to aid studies into developing rejuvenation biotechnologies.
The organization has also received contributions from an anonymous crypto philanthropy called Pineapple Fund.
Speaking in a podcast with Sunday Times reporter Danny Fortson, de Grey said it’s not surprising cryptocurrency community would take an interest in this research.
54-year-old de Grey previously worked in AI and has a Ph.D. from the University of Cambridge.
He believes that young people see aging as “a really important, solvable problem.”
Early adopters “are bound to be people who very heavily intersect with people who are interested in technological progress,’’ he added.
In a statement regarding his donation, 24-year-old Buterin applauded SENS Research for their “focus on creating solutions to the diseases of aging, one of the greatest problems facing humanity.”
According to de Grey, the foundation immediately sells its crypto donation for US dollars, as financial speculation is prohibited for nonprofits.
SENS Research has a $4 million annual budget.
Beat the aging problem
The goal is to beat the aging problem by advancing the technology as quickly as possible, de Grey told the Sunday Times.
He says the foundation will wage a “war on aging” after they prove their research using lab mice in the next five years.
Describing the effort as an all-or-nothing proposition, he says “it all depends on how soon we make the key breakthroughs.”
He went on to add that he hopes we will one day measure the human lifespan in four digits, thanks to his work.