• Coinbase CEO Brian Armstrong’s research startup, ResearchHub, has raised $5 million in a Series A round of funding.
• The round was led by Open Source Software Capital with participation from Boost VC, RedHat’s Bob Young, Vercel’s Guillermo Rauch and Replit’s Amjad Masad.
• ResearchHub is aiming to accelerate the pace of scientific research using cryptocurrency.
ResearchHub Startup Raises $5M in Funding
Coinbase CEO Brian Armstrong’s research startup, ResearchHub, has raised $5 million in a Series A round of funding. The round was led by Open Source Software Capital with participation from Boost VC, RedHat’s Bob Young, Vercel’s Guillermo Rauch and Replit’s Amjad Masad.
The Goal of ResearchHub
ResearchHub is aiming to accelerate the pace of scientific research using cryptocurrency. Funders of science projects rely on citation-based metrics to judge the quality of an academic researcher; however this model is broken and wasteful as it encourages researchers to optimize their research for citations rather than new knowledge. With this goal in mind, ResearchHub is building a platform that allows anyone to earn crypto rewards for contributing new knowledge to the global scientific community. Users earn ResearchCoin (RSC) for publishing content to ResearchHub according to how valuable other members perceive content to be.
Tools Offered by ResearchHub
ResearchHub offers users a suite of publishing and collaboration tools that help researchers draft new manuscripts and share them with the world through its web application. Over time they hope that these tools will lead towards an efficient reward structure that channels resources towards best and brightest minds on the platform in a reliable way based on evidence rather than citations alone.
The Benefits of Scientific Rewards Structure
Rewarding scientists financially for their contributions could change the way science works today as well as motivate more people into science-related fields given additional financial incentives for innovation and quality work within those fields. This could potentially improve overall efficiency across all types of scientific studies resulting in more discoveries over time due to increased motivation from scientists who are currently not motivated enough or lack access resources needed for high quality work without such rewards structures available currently elsewhere outside of academia or industry funded labs/research teams etc..
Conclusion
In conclusion, Brian Armstrong’s research startup ‘Research Hub’ has great potential when it comes revolutionizing how scientific discoveries are made thanks its innovative rewards structure powered by cryptocurrencies which gives everyone chance participate meaningfully while earning financial compensation at same time – something which had never been possible before now!