RMDS Lab, a West Coast-based spatial data analytics and analytical firm plans to launch the first ever dedicated science NFT Marketplace by the end of this quarter.
Similar Reading Bitcoin Sees $44k Increase in Outflows
RMDS Lab is known as a data and artificial intelligence (AI) platform based in California, and founded by IBM’s former chief data scientist Alex Liu in 2009 to create a global community of data scientists and researchers, and to promote scientific innovation through data and AI.
As NFTs increased in popularity, RMDS says ‘a huge demand for NFT minting and listing’ played a part in RMDS’ decision to create a way to sell NFTs for research and technology-associated IP.
Ethereum (ETH): Ethereum is the most popular cryptocurrency for NFTS. TradingView.com: ETH-USD
According to Binance, the NFT market grew by almost 43,000% between 2021 and 2020. RMDS’ goals in moving into NFT sales are to connect scientists with investors, as well as to link science and technology IP with related collectors, investors and science enthusiasts. Its purpose is to open new channels of funding for technology and science projects and help accelerate the development of technology. Although most NFTs are music and art-based, gaming and literature have occasionally joined the fray.
Liu explained “for scientists, it is often difficult to get funding, and to get funding through the traditional channels takes a long time.” He added that “NFTs can simplify this and help people to focus more on their real work,” in a statement released by Chemistry World. “Also, scientists do not have many channels to reach investors, and an NFT marketplace can expand their reach.”
Scientists and NFTs already have made several moves which might have led to the possibility that scientists can actually sell NFTs. The University of California at Berkeley announced in June 2021 that it would auction off patent disclosures from two Nobel Prize-winning inventions. They will sell them as NFTs. A portion of their fundraising efforts was dedicated to supporting basic research at UC Berkeley. They were able to make $55,000 with an NFT that was based in part on James Allisons pioneering research into cancer immunotherapy.
Liu admits that NFT technology is in constant development and will continue to improve. “We are connected to a lot of experts in blockchain AI, and we want to develop this marketplace,” he stated. “With our talent pool we want to help solve some of these problems and make NFT exchange better.”
The platform is in its early stages of development, and will be finalized by March.
Similar Reading Bitcoin Is Massively Overvalued, Billionaire ’Bond King’ Jeff Gundlach