IP-NFTs for Researchers: A New Biomedical Funding Paradigm

On the crypto side, we should watch to see whether new initiatives:-Are able to generate and distribute funding for science work;-Produce research that is recognized by the wider science community;-Generate uncapped rewards (financially or otherwise) for participating scientists

Tokenization creates new ways of working with IP that were previously unavailable or too expensive to set up. For example, blockchain technology will automate IP provenance, use tracking, and rights management. Using existing standards and smart contracts, NFTs can be fractionalized, co-owned, and governed by multiple users or communities. Fraction... See more

An example of a DeSci system that conforms to these ideals might begin by replacing the primary currency of research scientists – published articles – with NFTs. These NFTs can be minted and owned by the authors, with the actual manuscript and associated code and datasets hosted on IPFS (or another decentralised storage such as Arweave or Filecoin)... See more

In a first step, Molecule provides an interoperable Web3 marketplace leveraging a scalable legal IP to NFT framework. Our novel approach allows for IP to be virtualized and modularised in an open bazaar. To achieve this, we utilize a combination of unique digital asset identifiers (NFTs), novel automatic exchange infrastructure (AMMs) and governanc... See more

A GIANT leap for decentralized research was made today 🧬 For the first time, real-world biopharma research and IP was transferred and funded on-chain as an NFT via @Molecule_to @Nevermined_io @vita_dao A DAO now owns IP and funds biotech research at a leading lab... 👇 1/🧵

Crypto takes this one step further with the development of new primitives for public goods. They are concerned that traditional philanthropic strategies will repeat the mistakes of legacy institutions, and therefore look to develop new ways of rewarding scientists and helping them share in uncapped upside, which, if successful, could do for science... See more

An alternative to the old-school endowmentapproach referenced to the left, an upstart socialjustice activist or a grassroots organization or anestablished nonprofit could create an NFT (or a seriesof NFTs) and sell them to their network of supporters.These digital goods could then be exchanged or sold,and the original creator would receive a royalt... See more