• Coinbase CEO Brian Armstrong’s ResearchHub startup has raised $5 million in Series A funding.
• The platform rewards contributors to the global scientific community with cryptocurrency.
• 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.

Coinbase CEO Brian Armstrong’s ResearchHub Startup Raises $5M

Coinbase CEO Brian Armstrong’s ResearchHub startup has raised $5 million in a series A fundraising round 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 Problem With Citation-Based Metrics

Funders of science projects rely on citation-based metrics to judge the quality of an academic researcher, leading many scientists to optimize their research to generate the most citations possible. This creates an inefficient and wasteful model for science that does not reward innovation or new ideas effectively.

ResearchHub Platform

ResearchHub is building a platform that allows anyone to earn crypto rewards for contributing new knowledge to the global scientific community. Users are rewarded with ResearchCoin (RSC) for publishing content on the platform based on how valuable other members of the community perceive content to be. The web application also hosts a suite of publishing and collaboration tools that help researchers draft manuscripts and share them with the world.

Mission

The mission of ResearchHub is to create an open source software model for science where resources are directed towards the best and brightest minds in a reliable evidence-based fashion. By leveraging blockchain technology and cryptocurrency rewards, it seeks to increase transparency and incentivize collaboration among scientists all over the world.

Conclusion

With this latest injection of capital into ResearchHub, Armstrong hopes to accelerate progress towards his goal of making science more efficient and rewarding innovation among scientists regardless of their background or location in the world.

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