Molecule

Molecule consists of a community of funders, a framework for the platform's NFTs which allow researchers to fundraise without having to establish a patent or a startup of their own, and a marketplace where researchers can request support from the funders. Funders can directly own and govern projects which result in treatments which are important to them. This approach has been taken up enthusiastically, with over 250 research projects and several large biotech decentralised organisations with millions of dollars in funding participating in the network.

Molecule has raised seed funding in a round led by Northpond Ventures. This investment will allow it to hire more engineering talent and to create an accelerator for biotech decentralized organisations using its platform, offering $100,000 grants in specific areas of research. In the long term the company hopes to grow to allow pharmaceutical companies and the general public to also invest directly in research projects.