On the 17th of August 2021, the first IP-NFT was traded, ushering in a new way of funding research. Since then, a total of six projects have been funded through the Molecule system.

Since 2018, Molecule has been at the forefront of decentralized science (DeSci). By helping to build the first biotech DAO - VitaDAO - and by creating core DeSci infrastructure like the IP-NFT framework we have laid the foundation for the next generation of builders in DeSci to emerge and reshape the life sciences. Through this process, Molecule and the DeSci community have learned a tremendous amount about building at the intersection of web3 and bio.

Today, we are excited to announce that we have raised $12.7M in seed funding. Led by Northpond Ventures with participation from Shine Capital, 1kx, Fifty Years, KdT Ventures, BACKED VC, Inflection VC, Chris Leiter, Balaji Srinivasan, Zee Prime Capital, The LAO, L1 Digital, Boom Capital, Compound VC, Koji Capital, Pillar VC, Seedclub Ventures, Speedinvest, Healthspan Capital, BoxGroup and many others - we are now one step closer to creating a more equitable future for researchers and patients.