The West Coast-based RMDS Lab for Spatial Data and Analytics plans to create the first ever dedicated scientific NFT Marketplace before the end of the first quarter of the year.
Known as the California-based Data and Artificial Intelligence (AI) Platform, RMDS Lab was founded by former chief data scientist Alex Liu in 2009 to create a global community of data scientists and researchers and promote scientific innovation through data and AI. .
As the popularity of NFT has grown, RMDS says the ‘huge demand for NFT forging and listing’ played a role in RMDS ’decision to create a way to sell NFT for research and technology-related IP.
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The NFT market grew by almost 43,000% between 2020 and 2021, according to the cryptocurrency exchange Binance. The goals of RMDS in the transition to NFT sales are to connect scientists with investors, as well as to connect IP science and technology with related collectors, investors and scientific enthusiasts. The intention is to provide new channels for raising funds for scientific and technological projects and to accelerate the development of technology. NFTs were mostly based on art and music, and were occasionally joined by games and literature.
Liu explained, “It is often difficult for scientists to raise funds, and it takes a long time to raise funds through traditional channels.” He added that “NFT can simplify this and help people focus more on their real work.” a statement he issued Chemistry World. “Also, scientists don’t have many channels to reach investors, and the NFT market can expand their reach.”
NFT and science have already made a few moves that could trigger the idea that science can actually sell NFT. In June 2021, the University of California, Berkeley, announced that it would auction off patent discoveries behind two Nobel Prize-winning discoveries made by selling them as NFT. They set aside part of the fundraising effort to support basic research at UC Berkeley; the plan worked for the better, and the University earned $ 55,000 from NFT, which was based on James Allisons ’breakthrough research behind cancer immunotherapy back in the 1990s.
Liu acknowledges that the technology behind NFT is still evolving and evolving to address these environmental issues, as well as security and copyright issues. “We are connected with many blockchain AI experts and we want to develop this market,” he said. “With our talent fund, we want to help solve some of these problems and improve NFT exchanges.”
The platform is still in the development phase and should be completed by the end of March.