n a first, an NFT based on the digital data from a Nobel Prize-winning research created by the University of California, Berkeley alumni, was sold off at an auction for 22 ETH ($54,360), fetching the campus close to $50,000.
This first ever university-issued NFT, or non-fungible token, based on an invention was minted by UC Berkeley last month to honour the...
After last-minute bids that twice extended today’s auction on Foundation, the University of California, Berkeley’s NFT based on the Nobel Prize-winning research behind cancer immunotherapy finally went for about $54,360 — 22 ETH (Ether) — and netted the campus about $50,000.
UC Berkeley will auction two nonfungible tokens, or NFTs, relating to Nobel Prize-winning inventions for the funding of future research and innovation.
The NFTs being sold include digital art pieces consisting of the original patent disclosure forms behind former campus professor James Allison’s cancer immunotherapy research, for which he shared the 2018 Nobel Prize in physiology or medicine, and CRISPR-Cas9 gene editing, for which campus biochemistry and molecular biology professor Jennifer Doudna shared the 2020 Nobel Prize in chemistry.
How much will someone be willing to pay for a few pages of quarter-century-old bureaucratic university paperwork that have been turned into a blockchain-encoded piece of digital art?
The University of California, Berkeley, hopes quite a bit, and it is about to find out.