Web3 provided a novel concept to enable tech governance and sound financing for researchers and innovators by creating a DAO (Decentralized Autonomous Organization).
In fact, DAOs can be governed by a council of stakeholders that have a vested interest in their success. These stakeholders could be domain experts, investors, and/or high-profile researchers also connecting researchers, enterprises and investors together.
Such a DAO would govern funds received from blockchain network operations. For example, a portion of transaction fees or bandwidth allocation.
DAOs usually have a budget in the form of an ecosystem fund. This is where resource distribution is subject to the council’s decision. As a prime recipient of budget allocation, annual financing of researchers in the related domain can be set in accordance with support for the researchers at an early stage.
This is where the magic mechanism of IP F-NFTs really comes into play. Fractionalized tokens issued to the project or technology fragments ownership of IP from the underlying tech asset. Then, the IP F-NFTs issued can be transferred to the DAO which can be used consequently as collateral for the granting funds to researchers.