In a few short weeks, we will be launching one of our flagship longevity projects with the University of Copenhagen’s Center for Healthy Aging. Here, our Chief Scientific Officer, Tyler Golato, discusses why Molecule is doubling down on longevity.

Imagine a world where patients directly fund researchers developing the next therapeutic breakthrough they need. One where drug development is collaborative, open, and decentralized — an open bazaar anyone with the right intentions can join. A system that could radically increase the diversity of treatments, and lower costs and time to market.

Globally, early-stage biopharma research suffers from chronic underfunding, leading to discontinued research in the early stages of the pharma development cycle. This is happening so regularly that academia has coined the phase of research up until clinical trials the “Valley of Death”. Researchers struggle to acquire funding due to three distinct reasons:Lack of visibility and connection to relevant investors: Researchers struggle to connect and acquire funding from private investorsLegal complexity of IP deals: Deals such as licence agreements surrounding pre-patent and patent IP are complex and often need legal supportDifficulty of determining the value of early-stage biopharma assets: Both funders and researchers have trouble assessing the value of early-stage research.NFTs have created an unprecedented revolution in the creative space, rethinking copyright, royalties and IP. We believe it will also be instrumental in solving the above-stated problems. In this article, we are going to focus on the first technical implementation of a biopharma IPNFT. It builds on many concepts other influential thinkers in the Web3 space have conjured in the past. For example, if you are interested in how general IP can be combined with NFTs, have a look at Trent McConaghy 3 part series on building IP NFTs with ERC721.