DeSci: A New Track Emerging from the Combination of Web3 and Science

As of November 24, a certain data platform's statistics on BTC, ETH, and TON show:

The discussion frequency of BTC reached 19.39K last week, an increase of 10.69% compared to the previous week. The price on Sunday was $98,432, up 7% compared to the previous Sunday.

The number of discussions about ETH last week was 4.7K, an increase of 13.89% compared to the previous week. The price on Sunday was $3489, which is an increase of 11.3% compared to the previous Sunday.

The discussion volume for TON last week was 782 times, an increase of 3.44% compared to the previous week. The price on Sunday was $5.52, up 11.5% compared to the previous Sunday.

Recently, two important figures in the blockchain field appeared together at a gathering for the decentralized science project Bio Protocol, expressing their support for DeSci. One of them also stated a hope to see 1,000 DeSci projects next year, narrowing the gap between Web3 and the scientific community. Meanwhile, the DeSci-related meme coins RIF and URO surged more than 20 times in just two days, indicating that DeSci, as an emerging hotspot, is gradually attracting the attention of the market and capital.

Definition and Characteristics of DeSci

DeSci is an innovative research model that integrates blockchain technology and the Web3 ecosystem. Its core concept is to utilize distributed storage technology to achieve global open access to research data, reducing the control that a single institution has over the data. This open model breaks down the barriers of traditional research, allowing researchers worldwide to share resources and data in an unobstructed environment. Additionally, DeSci optimizes research funding mechanisms through smart contracts and DAOs, improving the transparency of fund allocation and usage while simplifying intermediary steps. This not only changes the structure of research funding sources but fundamentally enhances the efficiency of fund utilization.

A partner at an investment firm pointed out that the current state of the DeSci field is similar to the DeFi era in early 2019. Although everything is still in its early and experimental stages, it has already shown tremendous potential. In fact, the potential of DeSci has begun to be preliminarily demonstrated through some practical cases.

Analysis of DeSci-related Projects

The rise of Meme coins in the market

In the DeSci field, the two Meme coins RIF and URO have recently performed outstandingly. They both originate from a certain scientific platform, representing the compounds Rifampicin and Urolithin respectively. The platform allows users to purchase Meme tokens representing different drugs and participate in drug effect prediction and experimental data trading. The initial market value of these two tokens was around $150,000, but recently it surged to nearly $3 million, achieving a growth of up to 20 times.

Overview of Potential Projects

1. Molecule: An Ethereum research funding platform established in 2021, providing financial support for cutting-edge research such as drug development through intellectual property NFT transactions.

2. VITA: Established in 2021, a decentralized organization focused on life sciences, primarily funding early longevity research.

3. BIO Protocol: Since August 2023, multiple rounds of token sales have been conducted, receiving strategic investment from a well-known trading platform, and the fundraising activities quickly reached their limit.

4. Data Lake: A blockchain-based medical data sharing platform that allows patients to anonymously donate data for scientific research and share research benefits through a token incentive mechanism.

5. Research Hub: Founded by the founder of a well-known exchange, in cooperation with BIO Protocol. Its native token RSC is used to reward high-quality content creators on the platform.

Looking Ahead

The potential of DeSci is not limited to optimizing the research process; it may also lead to comprehensive changes in scientific governance, intellectual property management, and research ethics. Through decentralized decision-making mechanisms and community-driven models, DeSci is expected to democratize research, allowing more people to participate in scientific development. At the same time, the application of blockchain technology will significantly enhance the authenticity and transparency of research data and results, effectively combatting academic fraud and increasing public trust in science.

Overall, DeSci is becoming a new research paradigm, not only complementing traditional models but also representing a profound transformation in scientific culture. Supported by Web3 technology, DeSci is expected to break down barriers in the research field and promote global scientific development. As more practical cases emerge and technology continues to improve, DeSci will lead the scientific community into a new era that is more open, efficient, and democratic.

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