Coinbase Crypto Billionaire Fights Aging! NewLimit Launches
Channel: Lifespan News
Date: 2021-12-23

Another crypto billionaire is entering the fight against aging. The worlds of blockchain and venture capital are combining with the launch of NewLimit, an ambitious new company focused on radically extending human healthspan. NewLimit is being co-founded by Brian Armstrong, who is also the co-founder and CEO of Coinbase, the largest cryptocurrency exchange in the United States. Forbes puts his net worth at over $10 billion dollars, and he was the first cryptocurrency executive to sign the Giving Pledge, in which he promised to give away the bulk of his wealth to philanthropic causes.

This continues a recent string of blockchain pioneers getting involved in the longevity industry. Ethereum co-founder Vitalik Buterin has donated millions to various projects including the Methuselah Foundation, Richard Heart’s PulseChain sacrifice phase raised millions more for the SENS Research Foundation, Jed McCaleb of the Stellar Development Foundation and formerly of Mt.Gox has founded the Astera Institute, Juan Benet of Filecoin was a founding donor of the Impetus Grants, and groups such as VitaDAO and Gitcoin are working to fund and support longevity initiatives.

Armstrong will be joined at NewLimit by fellow co-founder Blake Byers, who most recently was a General Partner at Google Ventures. There he led investments in tech and biotech companies, and he holds a PhD in bioengineering from Stanford.

NewLimit has $105 million in committed funding from the founders for the first few years of operations. They plan to self-fund multiple rounds prior to seeking outside capital.

In their announcement blog post they explain what sets them apart: The most unique thing about New Limit will not be the idea or the capital we have access to. Instead it will be the people we hire and the culture we create. What differentiates SpaceX from NASA, or SpaceX from Blue Origin, is people and culture.

They then used the blog post to proactively address two criticisms they likely expect to hear - first, not many people would want to extend the years in which they are elderly and feeble, and two, that this technology will be only for the rich. On that point they said: “Two years ago, mRNA therapeutics package in liquid nano particles were a product only reserved for expensive gene therapies, but in 2021 over a billion people received an mRNA LNP to immunize them against COVID for less than $20 a dose.”

SOURCES AND FURTHER READING
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https://www.newlimit.com/

https://www.lifespan.io/news/newlimit-a-new-biotech-working-on-epigenetic-aging/
https://www.forbes.com/profile/brian-armstrong/

https://givingpledge.org/pledger?pledgerId=376

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