June 15 (Cointime) - ResearchHub, the startup co-founded by Coinbase CEO Brian Armstrong to accelerate the pace of scientific research using cryptocurrency, has raised $5 million in a funding round.
The Series A fundraising was led by Open Source Software Capital with participation from Boost VC, RedHat's Bob Young, Vercel’s Guillermo Rauch, Replit's Amjad Masad and others.
Funders of science projects rely on citation-based metrics to judge the quality of an academic researcher, so many scientists optimize their research to generate the most citations possible. That, say Armstrong and co-founder Patrick Joyce, is a broken, wasteful model. Science should operate more like open-source software, they argue.