The crypto world never sleeps, and neither do we! Let's dive into the 41st edition with a deep-dive expose into DeSci narrative.
The DeSci narrative is a sleeping monster. With Whales, Prominent VCs, and Industry leaders already pouring in millions, no doubt that DeSci will be a top performer very soon. Here's a 360° view of DeSci, and how best to position for a potential 100x run.
Firstly, DeSci is an acronym for Decentralized Science. DeSci is more than a narrative, it's a movement that aims to create a decentralized ecosystem that leverages blockchain to solve many issues that affect traditional science.
Let's face it, the traditional science model is broken. Scientists can't easily grants for their research, publishing is problematic & gated, peer review is a drag, & researchers don't get their flowers enough.
Ultimately, the key drawbacks of traditional science revolve around
• Much bureaucracy in funding
• Lack of incentives for peer reviews
• Gate-kept publishing & high publishing fees
• Inaccessibility of research works
• IP abuse and more.
DeSci attempts to solve the above drawbacks using the web3 stack. From democratizing access to science to tokenizing intellectual properties to developing seamless funding models - DeSci is advancing biotech a step at a time.
Last year, CZ, the co-founder of Binance expressed his intention to get involved in DeSci. Brian Armstrong, the co-founder of Coinbase, also announced his intention to go big on his DeSci-focused projects - Research Hub and New Limit.
Goldman Sachs recently announced a $650M fund for science investments - which I'm sure some portion of it will crawl its way to DeSci. Who wouldn't want a pie of the future anyway?
2023 was a big year for DeSci, with lots of progress and advances - some of which are:
• HairDAO filed the patent for its topical thyroid hormone formulations - the first of its kind by a DeSci DAO.
• Pfizer, a healthcare giant, invested in vita_dao and lots more.
Now that we've gotten a grasp of what DeSci entails and its potential, let's look at some of the promising projects and gems building in this category. Few I hand-picked in no particular order.
1. ResearchHub Foundation - ResearchHubF
Co-founded by Brian Armstrong, Research Hub is a community for open and collaborative science. Essentially, the platform allows researchers to share their works, discover papers, and get peer-review, with a unique incentivization layer.
They're growing pretty fast, and now have about 40k users and 1.5M papers uploaded. The platform is incentivized with the token ResarchCoin - RSC, which has also been a top performer in the last couple of days.
2. Data Lake - DataLakeToken
Data Lake is a DeSci platform that built Consentify, the first blockchain-based platform for research companies to find the right patients for research. Funded by the European Union & some prominent VCs, they are set to disrupt a $100B industry.
They're the first decentralized patient recruitment platform globally. With all of these, $LAKE is sitting on less than $20M market cap. The $LAKE token is a leading token in the DeSci category. Still undervalued, imo.
3. Molecule - Molecule_dao
Molecule is primarily a web3 marketplace for research-related IP. It connects biotech DAOs & researchers with investor communities. They're aimed at providing biotech DAOs with IP-NFT legal frameworks, funding, talent, organizational framework, etc.
They've helped in funding a couple of research works and patents. Molecule is redefining the boundaries of biotech funding, patents, publishing, and IP control.
4. Vita DAO - vlta_dao
VitaDAO is a community-owned platform funding early-stage longevity research. To date, they've deployed over $4M across 20 research projects, also they're the first DAO to kickstart a BIOtech company - MatrixBio. The platform is governed by $VITA holders.
5. Athena DAO - athena_DAO
Athena DAO is advancing women's health by funding women's health research. They're a community of researchers, funders, and advocates that is democratizing access to women-focused research and breakthroughs. They recently listed their token - $ATH.
Some other worthy mentions are:
• cryodao - funding research in cryopreservation
• Cerebrum_DAO - advancing brain longevity
• HairDAO - Solving hair loss
• valley_dao - funding synthetic biology research
and communities like DeSciAfrica, @DeSciLabs, etc.
The true beauty of blockchain and decentralization lies in solving tangible real-world problems - which is exactly what DeSci is positioned to achieve. Never been more bullish on DeSci. At this pace, I believe DeSci is set to disrupt the global health & science industry.
Alfa of the day!
Happy farming!
That’s a wrap.
Thanks for reading!
Until next Friday,
Viktor DeFi.
PS: I’d love to hear your feedback and comments.