Brian Armstrong Will Promote 2% Of His Coinbase Holdings To Fund Scientific Analysis


It’s time for Brian Armstrong to make his transfer. Whereas different billionaire CEOs attempt to purchase bankrupt crypto firms on a budget, the Coinbase chief is focusing his sights on laborious science. To announce his new endeavors Brian Armstrong visited Tim Ferriss’ podcast. In that interview, he expanded on the deep matters that the businesses he’ll fund cope with. Make no mistake, although. The true announcement was that Brian Armstrong is promoting Coinbase inventory.

I’m sharing this as I need you to listen to it from me first.

— Brian Armstrong (@brian_armstrong) October 15, 2022

In a latest Twitter thread, the Coinbase CEO wrote, “I’m keen about accelerating science and tech to assist resolve a number of the largest challenges on the planet. To additional this, I’m planning to promote about 2% of my Coinbase holdings over the subsequent 12 months to fund scientific analysis and firms like NewLimit + ResearchHub.” What are these firms and what do they do? Maintain studying to search out out.

Contemplating the alarming quantity of crypto CEOs leaving their positions, it’s necessary that Brian Armstrong cleared this up. “For the avoidance of doubt, I intend to be CEO of Coinbase for a really very long time and I stay tremendous bullish on crypto and Coinbase. I’m totally devoted to rising our enterprise and advancing our mission, however I’m additionally excited to contribute another way,” he tweeted.

What are the concepts that excite Brian Armstrong this a lot? Let’s discover out.

Brian Armstrong ’s ResearchHub And NewLimit

So, Brian Armstrong will “fund scientific analysis and firms like NewLimit + ResearchHub.” What do these firms stand for, although? Nicely, ResearchHub is “a  device for the open publication and dialogue of scientific analysis. Researchhub’s customers are rewarded with ResearchCoin (RSC) for publishing, reviewing, criticizing, and collaborating within the open.” Attention-grabbing, an open scientific assume tank with a cryptocurrency element.

For its half, ResearchCoin is each a utility token and a governance token. “RSC offers customers the flexibility to create bounties, tip different customers, and achieve voting rights inside neighborhood resolution making.” That is the challenge’s Twitter account.

However, NewLimit is “treating age-related illness to increase human healthspan” and “creating epigenetic reprogramming medicines to deal with illnesses with giant unmet wants.” That is their Twitter account. This one is within the life extension enterprise, however the specifics are more durable to know. Fortunately, NewLimit provides a weblog publish authored by Brian Armstrong himself wherein he goes deep into the subject at hand:

“NewLimit will begin by deeply interrogating epigenetic drivers of getting old and creating merchandise that may regenerate tissues to deal with particular affected person populations. We’ll begin by utilizing major human cells and reference species to develop machine studying fashions on what chromatin options change with age, which of those adjustments could also be causal to the getting old course of, and at last develop therapies that might gradual, halt, or reverse this course of.”

In that very same weblog publish, we be taught that the corporate was “co-founded by Brian Armstrong and Blake Byers with the mission of extending human healthspan.” And thus, we work out that Coinbase CEO is the cash behind each firms.

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The Tim Ferriss Interview

To launch his new endeavors in the precise manner, Brian Armstrong went to the favored Tim Ferriss podcast. In it, he offered the reasoning behind his investments. “I feel we’re form of on this golden age of software program the place fortunes are being made. However a few of that wealth, even in crypto, is now being directed into laborious science, laborious science issues, atoms, not bits,” he stated.

As to what the corporate truly does, Armstrong defined that they’re making an attempt to “construct a platform that checks a number of totally different transcription components with totally different cell varieties and makes use of machine studying to do this in a virtuous cycle.” He additionally defined the entrepreneurial spirit behind the entire ordeal.

“We’re making an attempt to assist people dwell for much longer, not just a bit bit longer. However I feel in any good moonshot firm, you need to have intermediate milestones alongside the way in which. And so the intermediate milestones are extra like, may we get a selected sort of cell to be rejuvenated and be youthful?”

Due to @tferris who I not too long ago spoke with about these pursuits:

— Brian Armstrong (@brian_armstrong) October 15, 2022

About ResearchHub, the Coinbase CEO confirmed that it’s “one other firm that I funded and tried to assist get off the bottom.” What does this one do? 

“We’re making an attempt to make it simple for folks to kind by the entire tens of millions of papers which might be printed yearly to what are probably the most impactful. We’re making an attempt to assist get issues like peer overview, Q&A, feedback, suggestions round analysis to be extra collaborative with folks.”

And people are the concepts that Brian Armstrong will dedicate the subsequent a part of his life to. Whereas on the identical time serving as Coinbase’s CEO, in fact.

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