May
2021
Nonfungible tokens NFT
UC Berkeley Will Auction NFTs for 2 Nobel Prize Patents
Nonfungible tokens — called NFTs for short — are units of data stored on the blockchain that are unique and not interchangeable. As NPR recently explained, a $10 bill, which is fungible, could be exchanged for two $5 bills. An NFT is one of a kind, more like a barcode.
The public research university, according to a press release, is auctioning the NFTs for the patent disclosures of two Nobel Prize-winning inventions: CRISPR-Cas9 gene editing, for which UC Berkeley’s Jennifer Doudna shared the 2020 Nobel Prize in Chemistry; and cancer immunotherapy, for which James Allison shared the 2018 Nobel Prize in Physiology or Medicine.
The university will continue to own the related patents.
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more on blockchain in this IMS blog
https://blog.stcloudstate.edu/ims?s=blockchain