The Integration of Web3 and Science: The DeSci Field Shows Great Potential

As of November 24, data statistics show that the discussion heat and prices of multiple cryptocurrency assets are on the rise. Bitcoin discussions reached 19.39K last week, an increase of 10.69% month-on-month, with the price rising to $98,432, an increase of 7%. Ethereum's discussion heat grew by 13.89%, with prices rising by 11.3% to $3,489. TON's discussion volume increased by 3.44%, with prices rising by 11.5% to $5.52.

Recently, the founder of a trading platform and Ethereum founder Vitalik jointly attended an event for the decentralized science project Bio Protocol, expressing their support for DeSci( decentralized science). The platform's founder stated a hope to see 1,000 DeSci projects next year, narrowing the gap between Web3 and the scientific community. Subsequently, the Meme coins related to the DeSci concept, RIF and URO, surged over 20 times in just two days, demonstrating the market's high interest in this emerging field.

DeSci: A New Model for Empowering Research with Blockchain

DeSci is a new model of scientific research based on blockchain and the Web3 ecosystem. It achieves global open access to research data through distributed storage technology, reducing the control of a single institution over the data. This open model liberates scientific research from traditional closed environments, allowing global researchers to share resources and data without barriers. In addition, DeSci also utilizes smart contracts and decentralized autonomous organization (DAO) to optimize the research funding mechanism, improving the transparency and efficiency of fund allocation and use.

A partner at an investment firm believes that the current state of the DeSci field is similar to the DeFi era at the beginning of 2019. Although it is still in the early stages, the potential is enormous. In fact, the potential of DeSci has already begun to manifest through some practical cases.

DeSci Meme cryptocurrency surges

The popularity of Meme coins in the market continues to rise, especially in the DeSci field. The two Meme coins, RIF and URO, originating from the Pump.science platform, achieved remarkable growth in a short period, with their market capitalization soaring from $150,000 to nearly $3 million, an increase of 20 times.

Pump.science is a project launched by Molecule DAO this year, which raises funds for medical research by issuing Meme coins. Users can purchase Meme tokens representing different drugs and participate in drug effect predictions and experimental data trading.

The DeSci concept has sparked renewed discussions, closely related to the active promotion by well-known figures in the industry. Additionally, changes in the political environment in the United States may also bring favorable conditions for technology research and development policies, which is one of the reasons for the rising interest in the DeSci concept at this time.

Projects in the DeSci Field Worth Paying Attention To

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

2. VITA: A decentralized organization in life sciences established in 2021, focused on funding early longevity research. Recently, the price of the VITA token has surged significantly, with a market capitalization exceeding 80 million USD.

3. BIO Protocol: Recently completed strategic financing, its BIO Genesis community fundraising campaign quickly reached the $33 million cap. In the latest round of public auction, the BIO price increased by 264% compared to the first round.

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

5. Research Hub: Founded by the creator of a well-known cryptocurrency exchange, it has a partnership with the BIO protocol. Its native token RSC is used to reward high-quality content creators on the platform, recently increasing by nearly 200%, with a market cap reaching 60 million dollars again.

Outlook

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

Overall, DeSci is becoming a new paradigm in scientific research, not only supplementing traditional models but also representing a profound transformation in scientific culture. Supported by Web3 technology, DeSci is expected to break down barriers in the field of research 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.