UC Berkeley To Auction Nobel Prize-Winning Inventions As NFTs

The UC Berkeley continues to look to innovate with blockchain and NFT engagement.

NFTs have been a pillar around a variety of upcoming projects and firms. From music, to fashion, to sports – and beyond – NFTs have been a hot topic. Now, the University of California Berkeley is looking to fund research by way of two NFTs at the heart of “biomedical breakthroughs”.
Magnificent Minting
In an announcement on the UC Berkeley website today, the university shared that two Nobel-Prize winning inventions will be up for bidding. The NFTs will consist of internal forms and correspondence centered around research that led to two groundbreaking biomedical advances.
One of the two NFTs, titled ‘The Fourth Pillar’, has been minted on Foundation and will be listed in a 24-hour auction as early as Wednesday, June 2nd. The NFT represents an invention around cancer immunotherapy developed by UC Berkeley’s Jim Allison. Allison’s discovery shared the 2018 Nobel Prize in Physiology or Medicine. The name is driven from immunotherapy becoming the ‘fourth pillar’ of cancer therapy, alongside surgery, radiation, and chemotherapy.
The second NFT, yet to be minted, will recognize UC Berkeley’s Jennifer Doudna for her 2020 Nobel in Chemistry, centered around CRISPR-Cas9 gene editing. The informational release has noted that the university will continue to hold the relevant patents surrounding the research.
Related Reading | Top Stars Line Up To Support Environmentally Friendly NFT Platform OneOf
 

Foundation.app is an Ethereum-powered NFT marketplace. | Source: ETH-USD on TradingView.com
Blockchain At Berkeley
The proceeds from the Foundation auction will go towards funding innovation research and education, with a portion going specifically to UC Berkeley’s blockchain innovation hub and student group, ‘Blockchain at Berkeley’. The university has also engaged in blockchain through other means, such as the Berkeley Blockchain Xcelerator, a blockchain-focused curriculum and partnership with industry executives.
The university’s chief innovation & entrepreneurship officer Rich Lyons said that the release “represents something magnificent”. Lyons added that “there are people who recognize and care about symbols of great science, and even if they never intend to resell the NFT, they want to own it and they want resources to go back to Berkeley, where the basic research behind these Nobel Prizes came from, to support further research”.
The university will also take a portion of the proceeds and allocate them towards carbon offsets to eliminate the energy costs of minting the NFT.
It’s uncharted territory for the university here, as no precedent has been set on an NFT like this. However, to Lyons and the Berkeley team, there seems to be a bit of allure in that sense; “people give us donations all the time because they care about the institution and the science, so here is a way for somebody to invest in the institution in a slightly different way”, Lyons said.
Related Reading | UPenn’s Wharton: DeFi Can “Transform Global Finance”

Featured image from Pixabay, Charts from TradingView.com

bitcoin
Bitcoin (BTC) $ 66,545.83
ethereum
Ethereum (ETH) $ 3,252.13
tether
Tether (USDT) $ 0.999888
bnb
BNB (BNB) $ 607.16
solana
Solana (SOL) $ 157.31
usd-coin
USDC (USDC) $ 1.00
staked-ether
Lido Staked Ether (STETH) $ 3,251.26
xrp
XRP (XRP) $ 0.547643
dogecoin
Dogecoin (DOGE) $ 0.162027
the-open-network
Toncoin (TON) $ 5.85
cardano
Cardano (ADA) $ 0.499699
shiba-inu
Shiba Inu (SHIB) $ 0.000027
avalanche-2
Avalanche (AVAX) $ 39.04
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 66,621.85
polkadot
Polkadot (DOT) $ 7.46
bitcoin-cash
Bitcoin Cash (BCH) $ 506.01
tron
TRON (TRX) $ 0.113558
chainlink
Chainlink (LINK) $ 15.40
near
NEAR Protocol (NEAR) $ 6.93
matic-network
Polygon (MATIC) $ 0.751801
internet-computer
Internet Computer (ICP) $ 14.74
litecoin
Litecoin (LTC) $ 87.09
uniswap
Uniswap (UNI) $ 8.12
leo-token
LEO Token (LEO) $ 5.72
dai
Dai (DAI) $ 0.999819
hedera-hashgraph
Hedera (HBAR) $ 0.129058
blockstack
Stacks (STX) $ 2.90
aptos
Aptos (APT) $ 9.86
first-digital-usd
First Digital USD (FDUSD) $ 1.00
ethereum-classic
Ethereum Classic (ETC) $ 27.97
mantle
Mantle (MNT) $ 1.15
crypto-com-chain
Cronos (CRO) $ 0.132252
render-token
Render (RNDR) $ 9.14
filecoin
Filecoin (FIL) $ 6.45
immutable-x
Immutable (IMX) $ 2.40
cosmos
Cosmos Hub (ATOM) $ 8.83
stellar
Stellar (XLM) $ 0.119412
dogwifcoin
dogwifhat (WIF) $ 3.38
okb
OKB (OKB) $ 55.56
pepe
Pepe (PEPE) $ 0.000008
bittensor
Bittensor (TAO) $ 494.00
renzo-restaked-eth
Renzo Restaked ETH (EZETH) $ 3,160.01
arbitrum
Arbitrum (ARB) $ 1.19
vechain
VeChain (VET) $ 0.042198
xtcom-token
XT.com (XT) $ 3.05
kaspa
Kaspa (KAS) $ 0.127799
the-graph
The Graph (GRT) $ 0.292535
maker
Maker (MKR) $ 2,984.07
optimism
Optimism (OP) $ 2.56
fetch-ai
Fetch.ai (FET) $ 2.51