The University of California, Berkeley raised $54,360 after selling an NFT inspired by James Allison’s Nobel-Prize-winning cancer immunotherapy research. The NFT was minted by UC Berkeley as a commemoration of Allison’s groundbreaking research which established immunotherapy as the fourth pillar of cancer treatment. It is a digital collage featuring ten pages of documentation highlighting Allison’s research and his communication with UC Berkeley regarding the 1995 patent.
The winner of the auction was a group of UC Berkeley alumni (also blockchain experts) who used a decentralized autonomous organization (DAO) to put their money together and make a larger bid. In the end, the group was able to purchase the NFT raising more than $50,000 which will be used to provide seed funding for promising, early-stage research projects.
“At the highest level, the role of science in society today is part of what is on auction here today. We wanted people to tap into the wonder of remarkable science, even if they didn’t bid on the NFT,” said Rich Lyons, UC Berkeley’s chief innovation and entrepreneurship officer.