The Fusion of Web3 and Science: The Rise and Potential of the DeSci Field

As of November 24, the discussion trends and prices of several major cryptocurrencies have shown an upward trend. Bitcoin discussions increased by 10.69% compared to the previous week, with the price rising by 7% to $98,432. Ethereum's discussion heat rose by 13.89%, with a price increase of 11.3%, reaching $3,489. TON's discussions saw a slight increase of 3.44%, with the price rising by 11.5% to $5.52.

Recently, two important figures in the blockchain industry expressed their support for DeSci at the event of the decentralized science project Bio Protocol. One of them even stated a hope to see 1,000 DeSci projects next year, narrowing the gap between Web3 and the scientific community. This move has attracted market attention, with related concept tokens such as RIF and URO rising more than 20 times in a short period, indicating that DeSci, as an emerging narrative, is being favored by the market and capital.

DeSci: A New Model for Research Empowered by Blockchain

DeSci is a new paradigm of scientific research driven by blockchain technology and the Web3 ecosystem. It achieves global open access to research data through distributed storage technology, reducing the control of a single entity over the data. This open model breaks down the barriers of traditional scientific research, providing a barrier-free resource-sharing environment for researchers worldwide. Furthermore, DeSci leverages smart contracts and DAOs to optimize research funding mechanisms, improving the transparency and efficiency of fund distribution and fundamentally changing the structure of research funding sources.

Industry experts believe that the current state of 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 begun to manifest through some practical cases.

The Explosive Growth of DeSci Concept Tokens

Against the backdrop of the Meme coin market's continued high popularity, the RIF and URO tokens in the DeSci field stand out particularly. Both of these tokens originate from the Pump.science platform and represent the compounds Rifampicin and Urolithin.

Pump.science is a platform that funds medical research by issuing Meme coins, allowing users to purchase tokens representing different drugs and participate in drug effect prediction and experimental data trading. When RIF and URO first launched, their market capitalization stabilized around $150,000, but recently the market cap soared to nearly $3 million, achieving an increase of nearly 20 times.

The enthusiasm for the DeSci concept has been reignited, closely related to the active promotion by industry leaders. In addition, changes in the political environment in the United States may also bring more relaxed policies for technological research and development, which is considered one of the reasons for the renewed popularity of the DeSci concept.

Potential Projects in the DeSci Field

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

2. VITA: Established in 2021, it is regarded as the most orthodox DeSci project. It is a decentralized organization focused on life sciences, primarily funding early longevity research.

3. BIO Protocol: Recently completed multiple rounds of token sales, with prices continuously rising. In the latest public auction, the price of BIO 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 scientific research and share research benefits through a token incentive mechanism.

5. Research Hub: Founded by the founder of a well-known trading platform, it has a partnership with BIO protocol. Its native token RSC has recently increased by nearly 200%, and its market cap has once again reached 60 million USD.

Future Outlook

The potential 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 mechanisms and community-driven models, DeSci is expected to democratize 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, helping to combat academic fraud and strengthening public trust in science.

Overall, DeSci is becoming a new paradigm in scientific research, not only complementing traditional models but also representing a profound cultural transformation in science. 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.