To be clear, the headline refers to yank degrees:
In outdoor tests in Arizona, the textile stayed [...] 16 F (8.9 C) cooler than regular silk, a breathable fabric often used for dresses and shirts.
They didn't really compare it to many materials it seems.
I also don't know why they said 16+ degrees. That was the largest temperature delta they saw, not the least...
Besides, this is only part of the tale:
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Is it affordable?
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Is it mass manufacturable?
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Is it comfortable?
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Is it durable?
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Is it washable?
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Is it crease prone?
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Can it be easily mixed with other materials, e.g. to make it elasticated?
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Is it recyclable?
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Is it dyeable?
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is it fine for sensitive skin?
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etc
Sounds cool (heh) though. I'm often too warm.