Banchenko Market: NFT-Based Research Funding

Overview

The Banchenko Market research presents a novel business model for financing fundamental academic research using blockchain technologies, specifically NFTs (Non-Fungible Tokens), cryptocurrencies, and blockchain. The study demonstrates the feasibility of establishing a marketplace for lucid dreams and other transcendental states of consciousness.

Publication Details

Journal: Moscow Economic Journal, No. 8, 2023
DOI: 10.55186/2413046X_2023_8_8_414
Published: 2023

Authors:

Banchenko Denis Yurievich (CEO)
Burilova Tatyana Viktorovna (CFO)
Nekhaev (Siberia) Igor Nikolaevich
Mutsalkhanova-Yushchenko Olena Davletkhanovna (CVO)
Shishkin Lev Konstantinovich (CSO)
Prokofyeva Olga Viktorovna (CBO)

Key Innovation

NFT-Based Funding Model

The research proposes using IP-NFTs (Intellectual Property NFTs) to fund research:

New paradigm of research funding related to use of NFTs
IP-NFTs provide new fundraising and collaboration strategies
Combine legal and technical frameworks with NFT technology
Allow early-stage research to be funded without:
- Endless grant applications
- Startup creation and venture capital
- Patent applications

IP-NFT Capabilities

Represent full legal rights to intellectual property
Data access control for research
Researchers and manufacturing companies can raise funds on commercial basis
Without need for early-stage patenting or startup creation

Market Scope

Banchenko Market Encompasses

Pharmaceuticals for inducing lucid dreams
Devices for consciousness state management
Herbal remedies and supplements
Educational programs for lucid dreaming
Related products for transcendental states

Growing Interest

Scientific interest in lucid dreaming growing at 5.6% annually
Major investors allocating funds to research
Successful collaborative studies utilizing NFTs
New trend in research funding

Business Models

Four NFT Business Models Identified

NFT Creator Model - Direct creation and sale of NFTs
Platform Model - Marketplace for NFT trading
Service Model - Services around NFT ecosystem
Hybrid Model - Combination of above approaches

Recommended Approach

The research recommends the NFT Creator model for funding lucid dreaming research, allowing:

Direct funding from community
Early-stage research support
Reduced administrative burden
Community engagement

Benefits

For Researchers

Alternative to traditional grant applications
Faster funding process
Community engagement
Direct connection with supporters

For Investors

Early access to research
NFT ownership and rights
Support for innovative research
Potential value appreciation

For Community

Access to research results
Participation in scientific progress
Support for consciousness research
NFT collectibles and experiences

Applications

Research Funding

Fundamental science research support
Alternative to traditional grants
Community-driven funding
Faster research initiation

Market Development

Marketplace for consciousness states
NFT trading platform
Economic ecosystem creation
Value creation from non-material assets

Detailed Documentation

For comprehensive research details, see: