TORTOLA, BRITISH VIRGIN ISLANDS / ACCESSWIRE / October 19, 2023 / ScieNFT received backing from Future Ventures, a venture capital firm, to launch the first decentralized platform for scientific research, allowing scientists and educators to publish their assets as a non-fungible token (NFT). Using NFT technology ensures scientists and educators have clear ownership over their work. ScieNFT publishers will also have access to a marketplace and management tools for invention disclosures and patents.
Future Ventures, having previously financed disruptive players like SpaceX, Boring Company, The Better Meat Company, MobileCoin, and Commonwealth Fusion, recognizes the immense potential in ScieNFT's vision. The investment partnership, established last year, is an opportunity to revolutionize the scientific landscape by enhancing accessibility to both information and funding.
"Transforming digital publishing hinges on the decentralized storage of science. ScieNFT is working to accomplish just that while creating a space that fosters collaboration and innovation," says Dr. Arash Rafii, ScieNFT CEO and co-founder. "We are thrilled to have joined forces with Future Ventures to give these scientists back the ownership, recognition, and revenue generated by their research."
In today's scientific publishing model, approximately 8.8 million scientists and educators create over 2.5 million new research papers. While the market is worth an estimated $28 billion, the high cost of disseminating their work has become a barrier for many researchers looking to further their careers. ScieNFT seeks to challenge this status quo by establishing a blockchain-driven distributed system that champions peer review, discovery, information sharing, and feedback.
ScieNFT was founded in 2021 by Dr. Arash Rafii of Weill Cornell Medicine, an MD-PhD in gynaecologic oncology and molecular biology. The company's CTO and co-founder, Dr. Robb Walters, is a Caltech-educated physicist who previously co-founded three startups. ScieNFT's Head of Product and third co-founder, Fekry Aiad, is a fintech product designer and entrepreneur with more than eight years of industry expertise.
To learn more and see ScieNFT's technology in action, visit www.scienft.com.
ScieNFT is an open-access, web3 platform that facilitates scientists in converting their research publications, data, and academic content into NFT-based digital assets. The platform also serves as a digital collectibles marketplace where science enthusiasts can trade these assets using NFT technology. For more information about ScieNFT and its technology, visit www.scienft.com.