LabDAO.xyz is the online home of LabDAO, a research organization specializing in computational life sciences, a field that uses computer algorithms and models to analyze and interpret complex biological data. LabDAO’s primary function is to facilitate advancements in this domain by providing essential tools for research. The organization aids scientists in accessing funding, establishing collaborative networks, and conducting thorough research, thereby streamlining the process of discovery and innovation in the life sciences sector. The organization fosters open-source drug discovery, a collaborative approach that combines scientific research with blockchain technology. According to LabDAO, decentralized systems encourage the sharing of data and resources among researchers. This collaborative approach can accelerate the process of discovering new drugs. In May 2023, LabDAO announced a raise of $3.6 million in a funding round co-led by venture firms Inflection.xyz and Village Global. Ot...