Crypto Altruists: Real-World Stories of Social & Environmental Impact with Web3 Episode 53 - Crowd Funded Cures - DeSci and the decentralization of public good medicines
In Episode 53, we’re thrilled to be joined by Savva Kerdemelidis and Nicholas Fiorenza from Crowd Funded Cures, a web3 project with a mission to launch a DeSci crowdfunding platform to incentivise the discovery of new uses for off-patent drugs, plant medicines, nutraceuticals and other unmonopolisable therapies without reliance on patents by using IP-NFTs, Pay-for-Success (PFS) contracts, and the issue of Public Good Medical Prize NFTs. Sound complicated? Don’t worry, they do a great job of breaking it down in this episode as we discuss the role web3 can play in funding medical research and development, IPNFTs, and the amazing potential in the DeSci movement.
Five Key Takeaways
- DeSci provides new opportunities to engage individuals and communities in scientific research and development, and to create a more collaborative and open-source space.
- IPNFTs allow for the fractionalization of ownership in early-stage biopharma projects and research, providing greater access to liquidity for researchers.
- Pay-for-success models help incentivize research into new uses for off-patent medicines without the traditional risks.
- IP NFTs and pay-for-success models will allow for greater research into medicines and therapies that have traditionally been ignored due to a lack of profitability.
- Blockchain alone won’t solve the issues plaguing scientific research and development, but it will make solving them a lot easier.
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