Introducing The Science DAO, a Community-Driven Way to Fund Scientific Discovery
Science DAO Will Support Inventors, Entrepreneurs, and Institutions Working Toward Game-Changing Innovations Across Multiple Fields
GEORGETOWN, CAYMAN ISLANDS / ACCESSWIRE / June 15, 2022 / Decentralized Autonomous Organizations, or DAOs, are at their core a form of crypto-cooperative. DAOs are formed by like-minded people working towards a common goal, such as contributing to startups or managing a stablecoin.
The Science DAO is a new venture fund operating like a decentralized think tank, incubator engine, and accelerator platform rolled into one and taking a community-driven approach to funding advances in science and technology. The DAO's initial focus will be in three primary areas: Health and Environment, Computing and Technology, and Natural Science.
The Science DAO community will be highly collaborative and composed of contributors, creators, and institutions who can work together on progressing their innovations and raise funds to support their work through tokenization.
Far too many cutting-edge scientific or technological innovations never see the light of day because their creators lacked the funding to get their idea off the ground. Science DAO is creating a new paradigm for scientific research, ensuring no project goes unfunded. Each invention on Science DAO is able to launch its own NFT, and teams can use proceeds from the sale to take their project to the next level.
Much in the same way an investor owning company shares has a voice at shareholder meetings, token ownership confers ownership on the holder and a say over the company's future growth. Participation in Science DAO will be made possible through the platform's native governance token, $THRY, which will be available on Uniswap and Dextools with a total supply of 1 billion.
Sub-segments of the primary areas of focus for the DAO include a diverse range of some of the most innovative sectors in all of science and technology. It will be projects chiefly in these areas the DAO works to get funded.
Health and Environment: Genetics, Nutrition, Mycology, Microbiology, City Planning, Waste Disposal Mechanisms, and Climate.
Computing and Technology: Blockchain Science, AI, Machine Learning, Smart Systems, New Learning and Teaching Techniques, National Security Solutions, and Social Computing.
Natural Science: Astronomy, Hydrology, Material Sciences, Chemistry, Physics, Oceanography, Radiation, Paleontology, Archaeology, and Botany.
Science DAO's CEO is Joey Poareo, whose extensive executive experience spans diverse industries ranging from blockchain technology to mental health rehabilitation/healthcare. The rest of the executive team has combined decades of multidisciplinary experience across finance, blockchain, and energy.
In addition to the core team overseeing day-to-day development and platform growth, Science DAO's Advisory Board boasts hundreds of years of cumulative experience in technology, investment, entrepreneurial strategies, and diverse fields of science.
"The Science DAO gives everyone the unique opportunity to contribute to new emergent companies just like institutional venture capital firms," says Mark Ashida, a former Venture Capital Managing Director. "You get to see, question, vote, and contribute. You also get the advice and judgment of advisors with decades of relevant experience. They include well-known published scientists, professional venture investors, and technologists in software, social media, and biology. Through the DAO, you can directly question the CEO/Founders on questions about their business model and technology before deciding to contribute."
About The Science DAO
The Science DAO is a decentralized autonomous organization (DAO) with the simple yet important mission to help game-changing advances in science and technology get the funding they need. Its community empowers inventors, entrepreneurs, and institutions to collaborate and make informed decisions. Science DAO is focused primarily on the Health and Environment, Computing and Technology, and Natural Science spaces, which span a vast array of disciplines.
Media Contact:
Alex England
alex@energentmedia.net
SOURCE: The Science DAO
View source version on accesswire.com:
https://www.accesswire.com/702270/Introducing-The-Science-DAO-a-Community-Driven-Way-to-Fund-Scientific-Discovery
