DeSci Narrative Reignited: With Coinbase Founder Entering the Scene, Which Projects Are Worth Noticing?
Written by: Deep Tide TechFlow
Recently, a #DeSci tag has repeatedly appeared in discussions on crypto Twitter.
What is DeSci? In fact, it is not a new concept.
DeSci is an abbreviation for "Decentralized Science." Specifically, it involves using cryptocurrencies and smart contracts to fund research, bringing transparency to the publication and peer review of scientific research, and making research results accessible to a broader public, thus promoting knowledge sharing and scientific progress.
Last year, the Open Science NFT was launched, where related research teams raised funds for scientific research by auctioning NFTs.
Recently, a key point that reignited interest in DeSci was a post by CZ expressing personal research interests:
Subsequently, DeSci and the so-called "longevity" concept became new focal points, and a long-silent narrative seems to have returned to the spotlight.
However, unlike most Web3 projects with virtual economic attributes, DeSci involves scientific development in traditional fields such as biotechnology, pharmaceuticals, and environmental science, possessing positive and practical social value.
As a result, related tokens and projects have gradually been recognized for their value, collectively experiencing increases of at least 50%.
Narratives in the crypto world change rapidly, and each narrative may not leave a long window of opportunity. In the context of the resurgence of the DeSci narrative, which potential projects are worth early attention?
1. Data Lake: A Patient Medical Data Donation Platform
Twitter: @DataLakeToken
Official Website: https://data-lake.co/
Token: $lake
Market Cap: 2.6M (CMC data)
FDV: 51M
30-Day Change: +360%
Project Introduction:
Data Lake creates a global medical data donation system based on blockchain technology to support medical research and artificial intelligence.
It has built a system based on Polygon and the token ($LAKE) that connects patients with researchers needing medical data to support their search for disease treatments and new therapies, improving healthcare and patient outcomes.
Data Lake can obtain access to medical data from donors' healthcare providers, anonymize it, and potentially make it available for researchers, while allowing hospitals and data donors to share the economic returns of medical data.
Current Focus:
Staking pools are now open, allowing deposits of $lake to earn up to 422% APR.
Token empowerment initiatives are emerging, but yields are expected to decrease as participation increases.
2. ResearchHub: A Platform Created by Coinbase's Founder to Change Traditional Scientific Journal Publishing Models
Twitter: @ResearchHub
Official Website: https://www.researchhub.com/
Token: $RSC
Market Cap: 30M
FDV: 564M
30-Day Change: +3660%
Project Introduction:
ResearchHub is a tool that supports the open publication and discussion of scientific research, aiming to break the low incentive structure of traditional scientific funding and publishing.
The project was founded by Coinbase's founder Brian Armstrong, and received $5 million in Series A funding on June 15 this year.
- ResearchHub has created a Hub to replace the traditional journal model, allowing for simplified and open publication of scientific or academic content directly within these hubs. This eliminates the gatekeeping process of traditional publishing and allows for faster information dissemination, followed by peer review after publication.
In conjunction with the above products, ResearchHub users can earn ResearchCoin (RSC) rewards through:
Sharing research paper PDFs (as long as they do not infringe any copyrights)
Commenting and discussing scientific research
Peer reviewing scientific papers
Receiving RSC tips from other users
Developing open-source features
Current Focus:
- On December 17, the project will hold an event (Private Event) with Sora Ventures during the Taipei Blockchain Week, where more information may be released.
3. GenomesDAO: A Secure Vault for Personal Genetic Data Sequences
Twitter: @GenomesDAO
Official Website: https://genomes.io/
Token: $GENE
Market Cap: 3.7M
FDV: 30.3M
30-Day Change: +227%
Project Introduction:
GenomesDAO is a biotechnology DAO focused on using DeFi to achieve secure, private, and auditable monetization of genomic data.
For individuals, it provides clinical-grade whole genome sequencing, personalized genomic reports based on this data, and secure data storage in personal DNA vaults.
For organizations, they provide DNA vault technology to create secure, participant-owned genomic databases.
For researchers, they offer the ability to query relevant high-quality genomic datasets to understand disease causes and develop new drugs.
The GENE token is used for payments for whole genome sequencing and as an incentive mechanism for querying their encrypted DNA data vault.
Current Focus:
According to DAO voting, the project has agreed to use 25 million GENE to provide liquidity for Uni V3 on the ETH mainnet.
This move may improve the liquidity of GENE, which currently has a relatively small market cap.
4. VitaDao: Raising Community Funds to Finance Longevity Research
Twitter: @vita_dao
Official Website: https://www.vitadao.com/
Token: $VITA
Market Cap: 34M
FDV: 250M
30-Day Change: +88%
Project Introduction:
VitaDAO is a community governed by $VITA holders, focused on funding early-stage longevity research.
It has funded over 20 research projects, totaling more than $6 million.
This includes research on age-related diseases and the search for potential new therapies. The project covers various types of research from basic studies to preclinical stages.
$VITA token holders can vote on the funding and overall direction of VitaDAO's research projects. This includes which projects receive funding, how funding is allocated, financial management decisions, and other governance activities that help improve DAO processes.
5. HairDAO: Focused on Hair Loss Research with a Meme Quality
Twitter: @HairDAO_
Official Website: https://about.hairdao.xyz/
Token: $HAIR
Market Cap and FDV: Lack of unified calculation standards
30-Day Change: +92.6%
Project Introduction:
HairDAO is an open-source investment and operation organization focused on treating hair loss, aiming to advance hair loss treatment research and development in a democratic manner.
They fund early-stage research and focus on companies that understand and treat hair loss.
HairDAO encourages individuals with various skills to join its working group, whether technical or specific expertise.
Its token $HAIR rewards those who help solve hair loss issues. Users can earn $HAIR as a reward by uploading their anonymous, encrypted genomic data.
Current Focus:
Although focused on scientific research, HairDAO's content expression and design style, from its official website to Twitter, do not align with seriousness, and even the website has a humorous quality reminiscent of silent film comedies.
Among the many serious and solid projects aimed at scientific research in the DeSci space, this "hair loss" theme seems more like a meme, with its Twitter name even featuring a salon emoji.
Considering its unclear market cap and the current heat of DeSci, it is more advisable to treat it as a meme coin.