Matryx: A collaborative Research & Development Engine
Matryx is a collaborative research and development engine for virtual reality (VR) interfaces.
The Nanome team builds intelligent virtual reality interfaces that enable scientists and engineers to collaborate, design and simulate with nanoscale precision.
Our widely used software suite includes open source Calcflow, the industry-leading VR mathematics toolkit, and nano-one, a VR interface for design and simulation at the nanoscale.
What they are trying to do is to solve the problem of different teams working on the same problem without coordination.
Recognition and grants go to the last people to work on a problem, ignoring dozens of critical contributors (think how Darwin became famous for basically just completing Alfred Russell Wallace's work, which they were collaborating on)
Matryx provides an environment in which collaboration is monetarily incentivized, grants are distributed fairly, R&D (research and development) expenses are reduced and time is saved.
On Matryx, participants compete over the solving of R&D problems in an open bounty competition.
Each competition is sub-divided into rounds. The winning solution of each round is shared publicly so that new contributors can remix it into a new iteration, enabling users to reach their goal faster and more effectively. Once a problem is solved, rewards and recognition are given to all winning contributors.
What do I think?
I think this is a great idea. Instead of two or more teams competing by building two different space shuttles , they are incentivized to collaborate on ONE, and different developers and technicians work will be chosen and rewarded at each stage. For instance - engine build will be completed by someone who will win that part. Then it's all the other different parts.
So this token makes it possible to compete in a whole new way, which will make development, science, research and basically everything happen MUCH MUCH faster.
This is great thinking. Really exceptional in my opinion. Of course, the success of Matryx depends upon the team, but the idea and the concept..oh boy, will it revolutionize the world.
The team
Speaking of the team. The founder Steve McCloskey founded Nanome, a company designed to spread Nanoengineering concepts through virtual and augmented reality. Other team members look legit and serious.
Amongst their advisors we find Greg Horowitt, Paul Puey (co-founder of airbitz) and many others.
The Token
Coinmarketcap lacks a little bit information on the coin, but the Total supply is not 314 million tokens and listed on coinmarketcap - it's only 34 million. The rest was burned. Total circulating is currently 23 million, giving it a market capitalization of only $40 million as we speak.
https://blog.matryx.ai/all-in-all-the-ins-and-outs-of-the-mtx-supply-3e5837b364e
I think the lack of information on coinmarketcap could also have contributed to holding this coin down a little bit. Although, it has gone up nicely after I bought it january 3rd. I think that was the absolute floor at $0,8. Expect this token to go up in value.
With a market cap of only 34 million, I see this project easily at $500 million short term, if they are able to launch the marketplace alpha testnet in 1st or 2nd Q 2018. Public launch is not until 2019, so have patience with this one young padawan.
Never take investing advice from vikings. They are unreliable and drunk most of the time.
I have just read the white-paper and 30 pages more (also white...) and I don't know what to think. I'm the first one who would like to see the current system nuked, but I have the doubts.
There are two branches: "government science", financed by public and the "corporative science" (where the people collaborate already)
Problem is the first party:
You get the money for Your project. Although government finances 5 similar projects, there is no interest in collaboration, because the leaders need publications to get another round. Government is simply filling them with the money because "it's the right thing to do".
In many countries, it's very grey how to get outside finances (from some private fund) and use in the institute. Add Crypto and it becomes... Impossible
For the career, you need publications - in journals. In order to make this possible, the rewards should be immense, or, the Old Professor from your previous posts should get revelation
This limits the usage to the enthusiasts only, thus my advice would be to wait until the price explodes - and forget it.
This old system survived the Internet, it will probably survive the Crypto as well (like the goverment financed artist who is constantly crying for money without the desire to use the YouTube or something...)
Hmmm..thanks for the input. Those are surely good points. I'll see if my man @deismac can provide some good answers for us. He's been reading more into it than me.
Come to think of it..I think the crying government financed artist is going to be gone. I know what you mean..how we provide for these morons when other people are making millions in the free market on youtube or steemit or whatever. But at one point hopefully we can break free from that. Or at least to some extent. I think there will be free states in the future, where free market indivuduals will come to and prosper without the intererence of governmental structures.
One more remark. Virtual reality for 3D docking of proteins and weird things with molecules - looks awesome for the presentation, but in the real world, there is software like Gromacs, Orca, Gaussian and 20 others that do the calculation and give the table with results and basically Yes - No answer (development of it was worth the Nobel prize). So, there is no real need for VR as you can do nothing if that damn molecule folds as the physics says.
Makes sense on an intuitive level for me.
I'm not sure what to make of the critics coming here. I'm sure it's good points. Hey, I'm no PhD :) But, I know that good ideas, and good incentives works in a free market. I also know, when it gets there, people and companies really want real sollutions to the best price, and I know that there are really a lot of good unused brain power outside the regulatory frames that limits real value problem solving to the "educated idiots" of today :) Hey, when all the world is going into crypto and the solutions are getting adaptation, like Steemit, you'll see things are changing. Like me blogging.... :) So, I'm not adressing those potensial issues mentioned by @alexs1320 , but looking at it from a more general perspective.
it's interesting to invest
It sure is!
This post has received gratitude of 0.50 % from @appreciator thanks to: @scandinavianlife.