The Integration of Web3 and Science: The Booming New Track of DeSci

As of November 24, the discussion heat and prices of several cryptocurrencies have significantly increased. Bitcoin's discussion count reached 19.39K last week, an increase of 10.69% year-on-year, with the price rising to $98,432, up 7%. Ethereum's discussion heat rose by 13.89% to 4.7K times, with the price increasing to $3,489, a gain of 11.3%. The discussion count for TON increased to 782 times, a rise of 3.44%, with the price reaching $5.52, up 11.5%.

Recently, several well-known industry figures expressed their support for DeSci at the decentralized science project Bio Protocol event, hoping to see 1,000 DeSci projects launched in the coming year to bridge the gap between Web3 and the scientific community. Meanwhile, the tokens related to the DeSci concept, RIF and URO, surged in price by over 20 times in just two days, demonstrating the market's enthusiastic interest in this emerging field.

The Core Philosophy of DeSci

DeSci is an innovative research model based on blockchain and the Web3 ecosystem. It achieves global open access to research data through distributed storage technology, reducing the monopoly of single institutions over data. This open model breaks down the barriers of traditional research, allowing global researchers to share resources and data without obstacles. At the same time, DeSci utilizes smart contracts and DAOs to optimize research funding mechanisms, enhancing the transparency and efficiency of fund allocation, fundamentally changing the structure and usage of research funding sources.

Industry experts believe that the current development trend in the DeSci field is similar to the DeFi era in early 2019. Although it is still in the early stages, the potential is enormous. This potential has already begun to gradually manifest through some practical cases.

Explosive Growth of DeSci Concept Tokens

Against the backdrop of the ongoing heat in the Meme coin market, the RIF and URO tokens in the DeSci field have shown particularly outstanding performance. Both of these tokens originate from the Pump.science platform, representing the compounds Rifampicin and Urosolic Acid, respectively. Pump.science is a project launched by Molecule DAO at a major conference this year, aimed at raising funds for medical research through the issuance of Meme coins.

At the beginning of their launch, RIF and URO maintained a market value of around $150,000, but recently the market value has rapidly climbed to nearly $3 million, achieving an astonishing 20-fold increase. This surge in growth is closely related to the active promotion by well-known figures in the industry and also reflects the market's optimistic expectations for potential relaxations in technology and research policies.

Potential Projects in the DeSci Field

1. Molecule: An Ethereum research funding platform established in 2021 that provides financial support for cutting-edge research through the trading of intellectual property NFTs.

2. VITA: A decentralized organization focused on life sciences incubated by Molecule, primarily funding early longevity research. The VITA token has shown strong performance recently, with a market cap surpassing $80 million.

3. BIO Protocol: Recently completed multiple rounds of token sales, received strategic investment from a well-known trading platform, raising over 33 million dollars.

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

5. Research Hub: Founded by the founder of a well-known cryptocurrency exchange, it has a partnership with BIO Protocol. Its native token RSC has recently increased by nearly 200%, with a market cap reaching 60 million dollars again.

Future Outlook

The influence of DeSci is not limited to optimizing the research process; it may also lead to changes in scientific governance, intellectual property management, and research ethics. Through decentralized decision-making 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 confidence in science.

Overall, DeSci is becoming a new paradigm in scientific research, which not only complements traditional research models but also triggers profound changes in scientific culture. With the support of 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.