Smart Contract and Experiment Launch

In order to maintain complete transparency throughout the rNFT distribution process, all transactions are handled automatically by means of smart contracts. The following events will bring about the execution of the smart contract:

1. Funds are received in accordance with the requirements of the experiment.

2. The data is collected in accordance with the requirements of the experiment.

The following steps are often involved in executing an experiment:

1. Scientists and academic institutions often begin experiments by navigating to the MetaDesci website and submitting their proposals. Following the evaluation, MetaDesci gives its approval to the experiment and initiates the smart contract. Contracts are signed by MetaDesci Ltd. with various Scientists and Universities.

2. In the Smart Contract, MetaDesci sets parameters including:

   1. Number of donors requested

   2. Investments requested

3. A distinct icon and name are allotted to each individual research rNFT by the smart contract.

4. Each participant has the opportunity to register on the MetaDesci platform, complete KYC, fulfill the conditions of an experiment, and get rNFT in exchange for donating.

5. Each investor is required to pass KYC before being permitted to participate in rNFT via a private panel on the MetaDesci online platform.

6. Once the investment has been made and the data have been gathered, scientists or universities will get the data and, depending on the contract that has been signed, will begin data processing, which may result in the issuance of IP.