Is de-extinction possible?

Could you elaborate on the possibility of de-extinction? Are there any scientific advancements or breakthroughs that indicate that it's a feasible option for bringing back extinct species? Are there any ethical concerns or potential risks associated with the process? How do we balance the desire to restore biodiversity with the potential consequences of altering the natural world? And, ultimately, what are the chances that we could see a truly extinct species brought back to life in the NEAR future?