IP-NFTs for Researchers: A New Biomedical Funding Paradigm

Most researchers would agree that funding (alongside publishing) is a defining aspect of their professional existence. Often, after a decade of training, biomedical researchers who seek a productive career in academia spend a substantial portion of their time trying to attract funding. To emphasise this point, a<a href="https://bmjopen.bmj.com/content/3/5/e002800" rel="noopener ugc nofollow" target="_blank"> recent study showed</a> that amongst a cohort of 285 biomedical researchers in Australia, an estimated 550 working years of their time was spent preparing proposals. It also showed that preparing a new grant proposal takes an average of 38 working days of researcher time. A researcher’s ability to do so dictates the success of their laboratory and further, the path of their career. This funding can come from a variety of sources, but the most prominent sources are<a href="https://en.wikipedia.org/wiki/Grant_%28money%29" rel="noopener ugc nofollow" target="_blank"> grants</a> funded by taxes (for example, NIH grants in the US). While these sources of funding are often large and consistent, they are difficult to attract and take a long time to deploy.  <a href="https://medium.com/molecule-blog/ip-nfts-for-researchers-a-new-biomedical-funding-paradigm-91312d8d92e6">Learn More</a>