2/ We’re incredibly grateful for the follow-on investment from our pre-seed investors who participated in this round: @inflectionvc, @AndrewDARMACAP, James Brodie & @AminoCollective
We are now one step closer to creating a more equitable future for researchers and patients.
3/ The biopharma industry has come a long way, however, an ecosystem remains where potentially impactful research goes unfunded, and incentives for collaboration are often missing.
4/ We aim to address these incentive problems and funding gaps by creating an open ecosystem that assists researchers in raising funds for impactful research projects in a community-driven way.
5/ “Scientific research today suffers from a myriad of funding and intermediation issues, making it a ripe candidate for disruption by blockchain-based infrastructure…”
6/ “We’re incredibly excited for Molecule to improve capital & social coordination for the massive life science industry by enabling markets for drug development and turning all stages of intellectual property into liquid assets.” - @lalleclausen, Founding Partner @1kxnetwork
7/ With Molecule, diverse communities (including patient groups, researchers, universities, charities, as well as VCs and pharma companies) can fund, own and govern therapeutic intellectual property.
8/ This provides novel incentives for collaboration, investment, and risk-sharing. The result is that communities, such as patient groups, can choose which projects get funded, and later own the therapeutics that treat their disease.
9/ “Many of the most impactful therapeutics are discovered in academic labs, yet development and translation of these assets toward the clinic remains difficult. Molecule’s marketplace and IP-NFT framework will address many of the pain points inherent in the funding and...”
10/ “...commercialization of early-stage biotech IP, ultimately benefiting the most important stakeholder in the Molecule ecosystem – the patient. Northpond is excited to partner with Molecule and lead their seed round.” - @patricksmalone, MD PhD, Associate at @npv_vc.
11/ Our hope is that DeSci will provide a Copernican shift in access to therapeutics, of similar magnitude to what DeFi has become for traditional finance.
Intellectual property NFTs (IP-NFTs) - What are they?🤔
Let's dig into it and shed some light on what that means for the DeSci movement.
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A short description:
To get access to the market of investors, your research project will be tokenized.
This basically means, that a unique digital representation of the research project will be added to the blockchain in the form of a non-fungible token.
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This token will link to a legal agreement that you will have formed with investors.