Another hot new narrative, DeSci: A new track combining Web3 and science

As of November 24, the statistics of BTC, ETH, and TON on the TrendX platform are as follows:

The number of BTC discussions last week was 19.39K, up 10.69% from the previous week; the price last Sunday was $98,432, up 7% from the previous Sunday.

The number of ETH discussions last week was 4.7K, up 13.89% from the previous week; the price last Sunday was $3,489, up 11.3% from the previous Sunday.

TON had 782 discussions last week, up 3.44% from the previous week; the price last Sunday was $5.52, up 11.5% from the previous Sunday.

Binance founder CZ and Ethereum founder Vitalik appeared together at a gathering of the decentralized science project Bio Protocol, expressing their support for Desci. CZ also said that he hopes to see 1,000 Desci projects next year, hoping to narrow the gap between Web3 and the scientific community. Related concept meme coins RIF and URO also rose more than 20 times in two days. Desci, as another hot new narrative, began to attract the attention of the market and capital.

What is DeSci?

DeSci is a scientific research model based on blockchain technology and Web3 ecology. Its core concept is to make scientific research data globally accessible through distributed storage technology, reducing the control of data by a single government or institution. This open model liberates science from the traditional closed-door development, allowing global researchers to share resources and data in a barrier-free environment. In addition, DeSci also optimizes the scientific research funding mechanism through smart contracts and decentralized autonomous organizations (DAOs), ensuring that the allocation and use of funds are more transparent and reducing the cumbersome operations in the middle. This new model not only changes the structure of scientific research funding sources, but also fundamentally improves the efficiency of fund utilization.

Andrew Kang, partner at Mechanism Capital, said that the DeSci field now feels like the DeFi era in early 2019. Everything is still primitive and experimental, but a basic conclusion can be drawn from it, that is, it has huge potential. And the potential of Desci has begun to emerge through actual cases.

Desci Meme Gemini rose 20 times

The meme coin market is getting hotter, especially in the Desci field, where the two meme coins RIF and URO have achieved amazing growth in a very short period of time. They both originated from the Pump.science platform and represent the two compounds rifamycin (RIF) and urolithin (URO) respectively.

Pump.science was launched by Molecule DAO at this year's Solana Breakpoint conference. It funds medical research by issuing meme coins. It allows users to buy meme tokens representing different drugs and participate in drug effect prediction and experimental data transactions. When RIF and URO were first launched, their market capitalization was relatively stable, maintaining at around $150,000, but recently their performance has been exceptionally outstanding, with their market capitalization soaring to nearly $3 million, a 20-fold increase.

The heat of the Desci field has been ignited again, which is closely related to the active promotion of cryptocurrency giants such as CZ and Vitalik. In addition, after Trump won the US election, the relaxation of scientific research is foreseeable. This is also one of the reasons why the concept of Desci has become popular again at this time.

What potential projects does New Narrative have?

Molecule

Molecule was founded in 2021. As an Ethereum-based scientific research funding platform, it is committed to providing funding (mainly USDC) support for cutting-edge research such as drug development through the trading of intellectual property NFTs. The platform is known for its initial projects, including Newcastle University's research on molecular aging and the University of Copenhagen's project on longevity. Through the Molecule platform, researchers can not only obtain diversified funding from around the world, but also ensure the independence and transparency of research through distributed governance mechanisms.

VITA

VitaDAO was founded in 2021. It is the most orthodox DeSci project. It is a decentralized organization focusing on life sciences incubated by Molecule and a group focused on funding early longevity research. Through community fundraising, it has attracted widespread attention, including from traditional pharmaceutical giant Pfizer, and raised more than $5 million. Since Vitalik showed CZ VD 001, the first product developed by VitaDAO, in Bangkok, VITA has started a violent pull-up mode, with the highest intraday increase reaching 82.4%. The latest price is $3.12, with a market value of more than $80 million, and an increase of nearly three times in the past week.

BIO Protocol

On August 9, BIO Protocol launched the first round of Bio Genesis token sales, with an average price of $0.025 and a trading volume of $11.51 million. The second round of token sales was held on September 30, and the average price of BIO has increased by 72% to $0.043, and the trading volume has also risen to $19.49 million.

On November 8, Binance completed strategic financing for BIO Protocol. The round and amount were not disclosed. Thanks to Binance's investment, the BIO Genesis community fundraising campaign initiated by BIO Protocol instantly reached the upper limit, raising a total of US$33 million. Until the 2.5th round of public auction on November 10, the price of BIO rose to US$0.066, an increase of 264% from the first round. At present, the auction round of BIO Protocol has ended.

Data Lake

Data Lake is a blockchain-based medical data sharing platform that allows patients to anonymously donate data for scientific research and share research benefits with patients through a token incentive mechanism. This model protects privacy and accelerates the process of data-intensive research, making breakthroughs in the medical field possible.

Research Hub

Research Hub is a project founded by Brian Armstrong, the founder of Coinbase, and it also has a partnership with BIO protocol. RSC is the native token of the Research Hub platform, which is mainly used to reward users who publish high-quality content on the platform. Every time a user publishes such content or gets a like, he will receive a certain number of RSC tokens, and the number of RSC can represent the user's reputation on the Research Hub platform. The higher the reputation, the greater the power. In the past week, RSC has risen by nearly 200%, and its market value has reached 60 million US dollars again after six months.

Conclusion

In the future, DeSci's potential is not limited to optimizing the scientific research process, but is also likely to lead a comprehensive transformation in scientific governance, intellectual property management, and scientific research ethics. Through a decentralized decision-making mechanism and a community-driven model, DeSci is expected to democratize scientific research and give more people the opportunity to participate in scientific development. At the same time, with the support of blockchain technology, the authenticity and transparency of scientific research data and results will be unprecedentedly improved, which will not only effectively combat academic fraud, but also further enhance the public's trust in science.

In general, DeSci is gradually becoming a new scientific research paradigm. It is not only a supplement to the traditional scientific research model, but also a profound scientific and cultural change. With the support of Web3 technology, DeSci is expected to break down barriers in the field of scientific research and promote the development of global science. In the future, with the emergence of more practical cases and the continuous improvement of technology, DeSci will lead the scientific community into a new era of greater openness, efficiency and democracy.

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