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Tectitethya crypta is a large, drab sponge found in shallow water across the Caribbean. Source - http://dsmobserver.com/
August 14, 2020
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Bioprospecting, the discovery of new pharmaceutical compounds, industrial chemicals, and novel genes from natural systems, is frequently cited among the critical non-mineral commercial activities that yield value from the deep ocean. Isolating new chemicals or molecular processes from nature can provide substantial benefits to numerous industries. The value of products derived from marine genetic resources alone is valued at $50 billion while a single enzyme isolated from a deep-sea hydrothermal vent used in ethanol production has an annual economic impact of $150 million. 

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