A California based data andartificial intelligence (AI) platform is preparing to launch a new NFT marketplace with a focus on science andtechnology intellectual property (IP). The platform, RMDS Lab, is aiming to be ready for public launch at the end of March 2022.
RMDS Lab is an interactive ecosystem community connecting data science professionals to one another, business and industry, learning and development opportunities, and the infinite potential of practical, data-driven solutions to real-world problems.
Founded in 2018 by the former IBM Chief Data Scientist, Alex Liu in 2009 with a vision to create a global community of data scientists and researchers to promote scientific innovation through data and AI.
Who is Dr. Alex Liu?
Dr. Alex Liu
Dr. Alex Liu is one of the world’s top experts for big data analytics, and machine learning applied to business and social research, especially to produce positive social impacts. He is well-regarded as a thought leader and distinguished data scientist, certified by IBM and the Open Group. He is a pioneer and lead developer of the data science ecosystem approaches and the RM4Es with AI.
Why this move into NFTs?
The reasoning behind RMDS moving into the NFT space are to connect scientists with investors, as well as to link science and technology IP with related collectors, investors and science enthusiasts. The intent is to provide new fundraising channels for science and technology projects, as well as to accelerate technology transfer.
‘For scientists, it is often difficult to get funding, and to get funding through the traditional channels takes a long time,’ explains Liu, noting that senior project managers sometimes spend more than half their time on these administrative tasks. ‘NFTs can simplify this and help people to focus more on their real work,’ he tells Chemistry World. ‘Also, scientists do not have many channels to reach investors, and an NFT marketplace can expand their reach.’
What are NFTs?
NFTs are non-fungible tokens, meaning an asset that is unique and can be easily identified due to its ownership route in the blockchain. NFTs can take the form of music, drawings, and art. There are million of NFTs on the blockchain.
This means you can purchase any form of NFT, and it will be deemed as yours. Furthermore, you can either decide to keep or trade/sell it for a profit after some time.
Challenges with carbon footprint
However, the technology that powers NFTs, as well as cryptocurrencies, is energy-intensive and has a significant carbon footprint. Liu acknowledges that the technology behind NFTs is still evolving and developing to address these environmental issues, as well as security and copyright issues. ‘We are connected to a lot of experts in blockchain AI, and we want to develop this marketplace,’ he says. ‘With our talent pool we want to help solve some of these problems and make NFT exchange better.’
Sources: Chemistry World