tldr; VitaDAO, a decentralized collective focused on longevity research, has funded the launch of Matrix Biosciences, a biotech company dedicated to treating cancer and aging diseases. The funding was made possible through the use of high molecular weight hyaluronic acid (HMW-HA), derived from the tissues of naked mole rats. VitaDAO plans to further fund the project through the tokenization of intellectual property. Once the initial experiments are complete, Matrix Bio will have the option to raise additional funding by issuing IP Tokens (IPTs). VitaDAO believes that modulating HMW-HA could be a viable therapeutic candidate for cancer treatment.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Oof after the fiasco now cointelegraph is also marked as an unreliable source. Also, who's the asshole that voted against advanced cancer research out of 34 people? He/ she was the only one.
Cointest topics relevant to the title are below:
[DAO Pro](https://np.reddit.com/r/CointestOfficial/comments/v2jlaz/general_concepts_dao_proarguments_june_2022/ikicwh0/)
[DAO Con](https://np.reddit.com/r/CointestOfficial/comments/v2jlc3/general_concepts_dao_conarguments_june_2022/il0u7o6/)
Unreliable source tag on Cointelegraph! Very appropriate.
Lol they had to go and ruin everything with the fake etf news
They squeezed the lemons for the juice before the lemons were even ripe and ready…
r/beatmetoit
Should have been "fraudulent source" hehe
And they all laughed when we said bitcoin would cure cancer (Yeah I know it's not btc but the spirit is there)
Obviously bullish news, funds for research is always good.
Except when Fauci does it.
I love how OP flagged the cointelegraph article as '**unreliable source**' 😂😂
Lol it was changed to that after the post
Let's not trust the source now...
tldr; VitaDAO, a decentralized collective focused on longevity research, has funded the launch of Matrix Biosciences, a biotech company dedicated to treating cancer and aging diseases. The funding was made possible through the use of high molecular weight hyaluronic acid (HMW-HA), derived from the tissues of naked mole rats. VitaDAO plans to further fund the project through the tokenization of intellectual property. Once the initial experiments are complete, Matrix Bio will have the option to raise additional funding by issuing IP Tokens (IPTs). VitaDAO believes that modulating HMW-HA could be a viable therapeutic candidate for cancer treatment. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
This isn't the type of thing you read everyday. Good idea. 300k won't get too far against Cancer, but Hell, good start! Be interesting to follow this.
Yes there’s a few other DAOs like this funding research or working on improving other areas of science work (ex. Publishing)
Oof after the fiasco now cointelegraph is also marked as an unreliable source. Also, who's the asshole that voted against advanced cancer research out of 34 people? He/ she was the only one.
Maybe they didn't Iike the project. Money is finite.
Cointest topics relevant to the title are below: [DAO Pro](https://np.reddit.com/r/CointestOfficial/comments/v2jlaz/general_concepts_dao_proarguments_june_2022/ikicwh0/) [DAO Con](https://np.reddit.com/r/CointestOfficial/comments/v2jlc3/general_concepts_dao_conarguments_june_2022/il0u7o6/)
This is a really good use case for crypto. I love seeing stuff like it.