Open-source drug development organization LabDAO raises $3.6 million in funding, with participation from Seed Club Ventures and others.

BlockBeats news reported on May 23 that LabDAO, an open-source drug research organization, has completed a $3.6 million financing round with participation from North Island Ventures, Seed Club Ventures, ID Theory, Road Capital, Curve Labs, gmjp.lol, Molecule, Gnosis DAO, The LAO, Orange DAO, Beaker DAO, Spaceship DAO and others. It is reported that LabDAO has also launched the PLEX client, which allows scientists to communicate and interact with laboratories. LabDAO provides containerized resource-intensive computing services to make data processing easier. The output can be linked to NFTs for scientists to prove ownership of their data.