The co-founders of Ideosphere, a decentralized science startup, shared their vision with Cointelegraph at the Blockchain for Good Awards in Copenhagen. They aim to channel the speculative energy of crypto prediction markets into financing early-stage scientific research, which often struggles to attract traditional funding due to perceived risks. Co-founder Rei Jarram noted that the influx of funds into crypto gambling inspired them to explore redirecting some of that speculation towards research. While the project is still in its infancy, having received $10,000 from the Blockchain for Good Alliance, it faces challenges such as potential corruption in prediction markets. To mitigate these risks, Ideosphere plans to implement a dispute system that rewards correct claims, fostering a peer review process. Researchers will also need to pass a vetting process and provide viability estimates for their projects. Additionally, Ideosphere intends to introduce 'discovery markets' to identify high-impact research projects, alongside crowdfunding options to enhance funding opportunities. Read more AI-generated news on: https://app.chaingpt.org/news