Crypto Entrepreneur Unveils Archon Network at World Economic Forum

Crypto Entrepreneur Unveils Archon Network at World Economic Forum

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Crypto entrepreneur and investor Angel Versetti has unveiled Archon Network — a Web3 protocol — at the World Economic Forum (WEF) in Davos. As per reports, Archon Network was launched with the intention of addressing the fragmentation and polarization of the world. As such, the Archon Network seeks to counteract the aforementioned fragmentation by fostering collaboration among global research communities and scientists.

The first iteration of the protocol introduced a DAO framework for intellectual property-heavy projects, data analytics tools, and instruments for tokenizing datasets and biolinks. The first public version of Archon Network Yellow Paper was released via IPFS and hashed on Ethereum Network during the inaugural day of the WEF Summit in Davos, Switzerland.

While sharing the potential of Archon in a tweet, Versetti stated “Pushing #DeSci & #Longevity to the new boundaries.”

Versetti described Archon Network as Decentralised Science (DeSci) — a framework and a set of tools with the goal to decentralize and scale global scientific cooperation and fundraising. Furthermore, he stated that Archon was designed to enhance crowdfunding, crowdsourcing and incentivize quality data sharing between scientists at scale by empowering them to create DAOs and monetize their research and data — including the creation of patent-backed NFTs and data tokens.

Stressing the importance of creating opportunity and supporting researchers, Versetti states:

Advancing opportunities for scientists and researchers is of paramount importance for humanity, and can lead to breakthrough discoveries that unlock further growth opportunities for the economy.

Similar to how decentralized finance (DeFi) has upended the financial sector, Versetti strongly believes that DeSci can unlock the vast potential of global scientific research and solve many of its inadequacies.

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