Decentralized Science (aka #DeSci) is on the verge of explosive growth.
+ It is expected to see $700b in revenue by 2030.
+ Binance Labs just backed @bioprotocol, a standout in the biotech sphere.
Are Desci and #Biotech the next big phenomena?
A must-read thread:π§΅β¬οΈ x.com
+ It is expected to see $700b in revenue by 2030.
+ Binance Labs just backed @bioprotocol, a standout in the biotech sphere.
Are Desci and #Biotech the next big phenomena?
A must-read thread:π§΅β¬οΈ x.com
βΈBut first, wtf is DeSci?
Many of you might have never heard about DeSci.
DeSci (Decentralized Science) uses blockchain to revolutionize traditional research by enhancing transparency, collaboration, and accessibility.
It tackles issues in the traditional model by:
+ enabling direct collaboration
+ secure data sharing
+ verifiable claims.
Many of you might have never heard about DeSci.
DeSci (Decentralized Science) uses blockchain to revolutionize traditional research by enhancing transparency, collaboration, and accessibility.
It tackles issues in the traditional model by:
+ enabling direct collaboration
+ secure data sharing
+ verifiable claims.
Emphasizing open access, DeSci fosters cross-disciplinary knowledge sharing.
Smart contracts and decentralized governance ensure research integrity, while blockchain secures data.
β This approach has the potential to accelerate scientific discovery and empower researchers through democratic access to knowledge.
Smart contracts and decentralized governance ensure research integrity, while blockchain secures data.
β This approach has the potential to accelerate scientific discovery and empower researchers through democratic access to knowledge.
According to CoinGecko, the DeSci category accounts for nearly $700m MC.
This figure is considered much lower than other categories like SocialFi (over $2.7b) or DID (over $2.4b).
As compared to the overall science industry, DeSci equals 1/5 of the total MC. x.com
This figure is considered much lower than other categories like SocialFi (over $2.7b) or DID (over $2.4b).
As compared to the overall science industry, DeSci equals 1/5 of the total MC. x.com
DeSci is closely attached to the Life Science industry.
Things that push DeSci ahead:
+ M&A from big corps
+ Funding and investment
+ AI
Below is how AI can widen the market cap of the R&D sector. x.com
Things that push DeSci ahead:
+ M&A from big corps
+ Funding and investment
+ AI
Below is how AI can widen the market cap of the R&D sector. x.com
Back to Biotech, it represents a new frontier in scientific research, offering benefits beyond traditional methods.
Practical Biotech Applications include:
+ Medical: Therapeutic drugs, gene therapy, personalized medicine, diagnostics.
+ Agricultural: Genetic engineering for better crops, pest resistance, and enhanced nutrition.
+ Industrial: Enzymes and microbes for biofuels, biomaterials, and pharmaceuticals.
+ Environmental: Biology for restoration, waste treatment, pollution control.
Practical Biotech Applications include:
+ Medical: Therapeutic drugs, gene therapy, personalized medicine, diagnostics.
+ Agricultural: Genetic engineering for better crops, pest resistance, and enhanced nutrition.
+ Industrial: Enzymes and microbes for biofuels, biomaterials, and pharmaceuticals.
+ Environmental: Biology for restoration, waste treatment, pollution control.
Merging biotech and blockchain is promising but risky:
+ Data security is crucial as genetic info is sensitive.
+ Lack of clear legal frameworks complicates data management.
+ High costs, slow processing, and a skills gap are challenges.
+ Privacy breaches and discrimination from genetic info disclosure are concerns.
β These issues suggest potential redundancy between both fields.
+ Data security is crucial as genetic info is sensitive.
+ Lack of clear legal frameworks complicates data management.
+ High costs, slow processing, and a skills gap are challenges.
+ Privacy breaches and discrimination from genetic info disclosure are concerns.
β These issues suggest potential redundancy between both fields.
1. @bioprotocol
They're revolutionizing early-stage scientific research funding by using DAOs, enabling collaboration among scientists, patients, and investors.
This approach enhances transparency and opens new research opportunities. x.com
They're revolutionizing early-stage scientific research funding by using DAOs, enabling collaboration among scientists, patients, and investors.
This approach enhances transparency and opens new research opportunities. x.com
Binance Labs recognizes @bioprotocol 's potential, stating it exemplifies the fusion of biotechnology and decentralized finance, accelerating scientific innovation.
This investment highlights the growing interest in DeSci, with major investors like a16z backing similar projects, indicating a promising investment trend.
This investment highlights the growing interest in DeSci, with major investors like a16z backing similar projects, indicating a promising investment trend.
Impressive numbers:
+ over $13m raised from top investors such as 1kx, Boost VC, and others.
+ 7 BioDAOs on Ethereum, targeting fields such as cryopreservation, women's health, and psychoactive drug research.
+ over $13m raised from top investors such as 1kx, Boost VC, and others.
+ 7 BioDAOs on Ethereum, targeting fields such as cryopreservation, women's health, and psychoactive drug research.
The funding aims to:
+ expand operations
+ support BioDAOs
+ develop AI tools for research automation
β fostering a decentralized scientific ecosystem for better global collaboration.
+ expand operations
+ support BioDAOs
+ develop AI tools for research automation
β fostering a decentralized scientific ecosystem for better global collaboration.
Some of the potential projects in the DeSci sector.
1. @GaleonCare
Galeon provides a collaborative world where individuals can contribute by sharing medical data anonymously.
+ Current MCap: $21.14m
+ Community size: over 40k
Galeon is expanding its network, making its way through the bull run.
1. @GaleonCare
Galeon provides a collaborative world where individuals can contribute by sharing medical data anonymously.
+ Current MCap: $21.14m
+ Community size: over 40k
Galeon is expanding its network, making its way through the bull run.
2. @pumpdotscience
Pump.science is the 1:1 fork of Pumpfun, which offers a playground for tokens that are combined from DeSci and Memes.
By introducing this model, its mission is to bring up a brand new way to fund science projects. x.com
Pump.science is the 1:1 fork of Pumpfun, which offers a playground for tokens that are combined from DeSci and Memes.
By introducing this model, its mission is to bring up a brand new way to fund science projects. x.com
3. @origin_trail
Launched in 2018, OriginTrail enhances trust and transparency in supply chains worldwide.
Narratives: AI + DeSci
Current MCap: $321.7m
In terms of DeSci, OriginTrail focuses on the transparency of medicines, which is supported by big corporations. x.com
Launched in 2018, OriginTrail enhances trust and transparency in supply chains worldwide.
Narratives: AI + DeSci
Current MCap: $321.7m
In terms of DeSci, OriginTrail focuses on the transparency of medicines, which is supported by big corporations. x.com
4. @Hippocrat_io
Launched in 2018, Hippocrat aims to personalize healthcare by creating a transparent, patient-centered data ecosystem.
+ Community size: 30,000 rare disease patients
+ Current MCap: $55.3m
The mainnet node and validator voting are live.
Launched in 2018, Hippocrat aims to personalize healthcare by creating a transparent, patient-centered data ecosystem.
+ Community size: 30,000 rare disease patients
+ Current MCap: $55.3m
The mainnet node and validator voting are live.
Some other notable projects in the DeSci / Biotech sector:
+ @vita_dao
+ @ixoworld
+ @Molecule_dao
+ @GenomesDAO
+ @Health_XChange
+ @eticaprotocol
+ @DataLakeToken
+ @AimedisGlobal
etc.
+ @vita_dao
+ @ixoworld
+ @Molecule_dao
+ @GenomesDAO
+ @Health_XChange
+ @eticaprotocol
+ @DataLakeToken
+ @AimedisGlobal
etc.
βΈPersonal Sentiment:
Binance Labsβ interest in DeSci underscores its potential.
DeSci could greatly impact science and society with advancing blockchain technology.
We're in DeSci's early days, brimming with opportunities.
But remember, opportunities carry risks. DYOR before investing.
Binance Labsβ interest in DeSci underscores its potential.
DeSci could greatly impact science and society with advancing blockchain technology.
We're in DeSci's early days, brimming with opportunities.
But remember, opportunities carry risks. DYOR before investing.
That's a wrap! I hope you enjoy the thread.
Did I miss anything else?
Comment your thoughts below so we can discuss them.
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Did I miss anything else?
Comment your thoughts below so we can discuss them.
For more insights and valuable threads, join my Telegram channel: t.me
Special mention to some Big Brainors:
β― @the_smart_ape
β― @Hercules_Defi
β― @Haylesdefi
β― @0xTindorr
β― @KingWilliamDefi
β― @belizardd
β― @0xchromium
β― @DeRonin_
β― @0x99Gohan
β― @alphabatcher
β― @the_smart_ape
β― @Hercules_Defi
β― @Haylesdefi
β― @0xTindorr
β― @KingWilliamDefi
β― @belizardd
β― @0xchromium
β― @DeRonin_
β― @0x99Gohan
β― @alphabatcher
More Big Brains:
β― @Mars_DeFi
β― @eli5_defi
β― @CryptMoose_
β― @0xJok9r
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β― @TheDeFiPlug
β― @izu_crypt
β― @arndxt_xo
β― @zeuuss_01
β― @0xDefiLeo
β― @Mars_DeFi
β― @eli5_defi
β― @CryptMoose_
β― @0xJok9r
β― @0xDepressionn
β― @TheDeFiPlug
β― @izu_crypt
β― @arndxt_xo
β― @zeuuss_01
β― @0xDefiLeo
I put lots of effort into making this thread. If you find it useful, consider:
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β― Like and comment with your thoughts on it.
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β― Like and comment with your thoughts on it.
β― Repost then others could benefit from it too
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