Molecule

Molecule

Molecule is a decentralized biotech protocol that aims to revolutionize the research and development (R&D) landscape in the biopharma industry. By leveraging Web3 technologies and IP-NFTs (Intellectual Property Non-Fungible Tokens), Molecule provides a platform that connects researchers with a global community of investors, including patient groups and pharmaceutical companies. This fosters collaboration, innovation, and democratizes access to resources in the biotech field.

Key Features of Molecule:

  1. Web3 Technologies: Molecule utilizes Web3 technologies, which include blockchain and decentralized applications (dApps), to create a secure and transparent platform for scientific research and collaboration.
  2. IP-NFTs: Molecule’s IP-NFTs are hybrid legal-smart contract primitives that bring rights to intellectual property and R&D data on-chain. These IP-NFTs unify legal rights, data access, and economics around research projects into cryptographic tokens on the Ethereum blockchain¬†[1].
  3. Decentralized Governance: Molecule employs a decentralized governance system, allowing community-driven decision-making. This ensures transparency, fairness, and inclusivity in the platform’s operations.
  4. Collaboration and Innovation: By connecting researchers with a global community of investors, Molecule facilitates collaboration and innovation in the biopharma industry. This enables researchers to access resources, funding, and expertise necessary for advancing scientific discoveries.

Benefits of Molecule:

  1. Democratization of Access: Molecule’s decentralized approach democratizes access to resources, funding, and knowledge in the biotech field. This allows researchers from diverse backgrounds to participate and contribute to scientific advancements.
  2. Transparency and Fairness: The use of blockchain technology ensures transparency and traceability in research activities. It also enables fair crediting, secure transactions, and protection of intellectual property rights.
  3. Community-Driven Decision-Making: Molecule’s decentralized governance system empowers the community to participate in decision-making processes. This fosters a collaborative and inclusive environment for scientific research.
  4. Accelerated Scientific Discovery: By facilitating collaboration and providing access to resources, Molecule accelerates the pace of scientific discovery. This can lead to faster development of new drugs and therapies.

PROJECT CATEGORY:

PROJECT INVESTOR:

backed vc
balaji srinivasan 2
Northpond Ventures
shine capital logo
sora ventures
speedinvest

FUNDING ROUND

Round: Strategic
Amount raised: $1,000,000
Date: December, 2023

Funding round investors:

Amount raised: $13,000,000
Date: June, 2023