Science: crypto-friendly social network ResearchHub raises $5M

ResearchHuba social network co-founded by CEO from Coinbase which rewards in cryptocurrencies the scientists for the share from contenthas just completed a series A.

Founded in 2020 by Brian Armstrong and Patrick Joyce, ResearchHub proposes a discussion platform focused on the scientific research. The startup rewards the best contributors with its token ResearchCoin (RSC).

Science should function more like open source software,” proclaims the start-up on its website.

Thursday, ResearchHub has announced a 5 million financing round led by OSS Capital. Series A also includes the participation of Boost VC and business angels from RedHat and Y Combinator.

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“Once won, the RSC allows users to create bounties that reward other scientists for completing research-related tasks […] Our final goal is to build a university public square where valuable contributions are recognized and rewarded in a democratic, evidence-based way,” explain the co-founders.

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The funds raised will enable the company, which is currently looking to recruit engineers and designers, to develop new functionalities on its platform.

Like other billionaires, Coinbase’s CEO and co-founder is deeply involved in scientific research. Brian Armstrong also founded NewLimit, a biotech startup with the ambition of “curing aging”. The latter recently raised $40 million.

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