🏛️FungiDAO
Governance model
Last updated
Governance model
Last updated
DeSci promotes community-based decision making to fund research and solution development, primarily through DAOs (Decentralized Autonomous Organizations).
In this section, the Mushroom Protocol community, through the FungiDAO and the $FUNGI token manages its treasury and votes on research initiatives.
It will also discuss how DAOs can monetize the intellectual property generated by the research they fund and generate a decentralized biotech investment fund.
Funding DAOs focus on specific areas of research, such as VitaDAO, which funds longevity research, and FrontierDAO, which focuses on space exploration. Other DAOs, such as Love DAO and VibeBio, plan to fund a range of medical solutions determined by their communities.
To sustain their operations, DAOs can monetize the intellectual property generated by the research they fund. Created by Molecule in August 2021, NFT-PIs legally protect intellectual property generated from research studies. They are a unique alternative to traditional patents, which serve to monopolize and restrict data and limit the speed of scientific discovery.
IP-NFTs allow DAOs to monetize their work in a number of ways, such as by selling IP licenses, creating spin-off products from research, and obtaining funding by using IP as collateral.
Funding DAOs encourage community-based decision making to fund research. Putting funding decisions in the hands of communities allows for the development of customized, targeted solutions that are often overlooked in traditional for-profit settings.
In addition, fungible governance tokens and NFTs allow communities to vote on research initiatives and coordinate their treasury.
