UC Berkeley will auction Nobel Prize winners for NFT

NFT has become the backbone of various upcoming projects and companies. From music, fashion, sports to other fields, NFT has always been a hot topic. Now, the University of California, Berkeley, is seeking to fund research through two NFTs at the core of “biomedical breakthroughs.”

The magnificent mint

in announcement On the University of California, Berkeley website today, the university shared that two Nobel Prize-winning inventions are about to bid. The NFT will consist of internal forms and communications surrounding research that has led to two breakthrough biomedical advancements.

One of the two NFTs named “Fourth Pillar” Cast on the foundation The auction will be held as early as June 2 (Wednesday) for 24 hours. NFT is an invention around cancer immunotherapy developed by Jim Allison of the University of California, Berkeley. Alison’s findings shared the 2018 Nobel Prize in Physiology or Medicine. Immunotherapy and surgery, radiotherapy and chemotherapy go hand in hand, becoming the “fourth pillar” of immunotherapy, and this name comes from this.

The second NFT has not yet been announced, and will be won by Jennifer Doudna of the University of California at Berkeley for her 2020 Nobel Prize in Chemistry, which revolves around CRISPR-Cas9 gene editing. The information release pointed out that the university will continue to hold related patents related to the research.

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Foundation.app is an Ethereum-powered NFT marketplace. | Source: ETH-USD on TradingView.com

Berkeley’s blockchain

The proceeds from the Foundation’s auction will be used to fund innovative research and education, and part of it will be dedicated to the Blockchain Innovation Center of the University of California, Berkeley and the student group “Berkeley’s Blockchain.” The university has also participated in blockchain through other means, such as Berkeley Blockchain Xcelerator, blockchain-focused courses and partnerships with industry executives.

Rich Lyons, the university’s chief innovation and entrepreneur officer, said the release “represents something magnificent.” Lyon added: “Some people know and care about great scientific symbols, even if they never intend to resell NFT, they want to own it, and hope that the resources will return to Berkeley, where these Nobel Prize basic research began. The award comes from supporting further research”.

The university will also collect part of the proceeds and allocate it to carbon offsets to eliminate the energy cost of casting NFTs.

For this university, this is uncharted territory, because there is no precedent for such an NFT. However, for the Lyon and Berkeley teams, it seems a little tempting in this sense. Lyons said: “People have been donating to us because they care about institutions and science, so this is a way for someone to invest in institutions in a slightly different way.”

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