DeSci narrative rekindled: Coinbase founder joins the game, what projects are worth paying attention to?

Introduction:

Recently, the hashtag #DeSci has appeared repeatedly in crypto Twitter topics.

What is DeSci? Actually, it’s not a new concept.

DeSci is an abbreviation that stands for “Decentralized Science”. In specific implementation, it promotes the sharing of knowledge and scientific progress by using cryptocurrencies and smart contracts to fund research, bringing transparency to the publication and peer review of scientific research, and making research results available to the wider public.

Open Scinense NFT was launched last year, and the relevant research team raised scientific research funds by auctioning NFT.

Recently, the key point that revived DeSci was a post by CZ expressing his personal research interests:

Then DeSci and the concept of so-called “longevity” became a new focus, and a long-dormant narrative seemed to be back in the spotlight.

However, unlike the virtual economic attributes of most Web3 projects, what is behind DeSci is scientific development, such as biotechnology, pharmaceuticals, environmental science and other traditional fields, which has positive and actual social value.

As a result, the value of related tokens and projects has gradually been discovered, and collectively they have experienced increases of at least 50%.

Narratives in the crypto world change extremely quickly, and each narrative may not leave a long window. Amid the resurgence of the DeSci narrative, what other potential projects deserve early attention?

1.Data Lake: Patient medical data donation platform

Twitter：@DataLakeToken

Official website：https://data-lake.co/

Token: $lake

• Market value: 2.6M (CMC data)
• VAT: 51M
• 30-day change: +360%

Project Description:

• Data Lake creates a global medical data donation system based on blockchain technology to support medical research and artificial intelligence.
• A system built on Polygo and the token ($LAKE) that connects patients and researchers who need medical data to support their search for disease cures and new treatments to improve healthcare and patient outcomes.
• Data Lake can gain access to medical data from a donor’s healthcare provider, anonymize it, and potentially make it available to researchers, while allowing hospitals and data donors to share in the rewards of the medical data economy.

Current concerns:

• The staking pool has been opened. Depositing $lake can earn a return of up to 422% APR.
• Token empowerment initiatives are beginning to emerge, but the yield is expected to decline as the number of participants increases

2. ResearchHub: Created by the founder of Coinbase, a platform that changes the traditional publishing model of scientific research journals

Twitter：@ResearchHub

Official website：https://www.researchhub.com/

Token: $RSC

• Market value: 30M
• VAT: 564M
• 30-day change: +3660%

Project Description：

• ResearchHub is a tool that supports the public publication and discussion of scientific research and aims to break the low incentives of traditional scientific funding and publishing.
• The project was founded by Coinbase founder Brian Armstrong, received US$5 million in Series A financing on June 15 this year.

• ResearchHub creates a Hub that replaces the traditional journal model and allows simplified and open publishing of scientific or scholarly content directly within these hubs. This eliminates the gatekeeping process of traditional publishing and allows for accelerated dissemination of information, followed by peer review upon publication.

• In conjunction with the above products, ResearchHub users can be rewarded with ResearchCoin (RSC). Specific methods include:
  • Share research paper PDF (as long as it doesn’t infringe any copyrights)
  • Comment and discuss scientific research
  • Peer-reviewed scientific papers
  • Receive RSC alerts from other users
  • Develop open source features

Current concerns:

• On December 17, the project will hold an event (Private Event) with sora ventures during Taipei Blockchain Week, or more information will be released

3.GenomesDAO: A secure vault for personal genetic data sequences

Twitter：@GenomesDAO

Official website：https://genomes.io/

Token: $GENE

• Market value: 3.7M
• FDV：30.3M
• 30-day change: +227%

Project Description:

• GenomesDAO is a biotech DAO focused on secure, private and auditable monetization of genomic data using DeFi
• For individuals, provide clinical-grade whole-genome sequencing, personalized genomic reports based on these data, and secure data storage in a personal DNA vault.
• For organizations, they offer DNA Vault technology to create secure, participant-owned genomic databases.
• For researchers, they provide the ability to easily query relevant high-quality genomic datasets to understand the causes of disease and develop new drugs
• GENE tokens are used for payment for whole genome sequencing and as an incentive for queries using their encrypted DNA data vault

Current concerns:

• Following a DAO vote, the project agreed to use 25 million GENE to provide liquidity for Uni V3 on the ETH mainnet.
• This move may allow GENE, which currently has a smaller market capitalization, to have better liquidity

4.VitaDao: Raise community funds to fund longevity research

Twitter：@vita_dao

Official website：https://www.vitadao.com/

Token: $VITA

• Market value: 34M
• FDV：250M
• 30-day change: +88%

Project Description:

• VitaDAO is a community governed by $VITA holders focused on funding early-stage longevity research.
• More than 20 research projects have been funded, totaling more than $6 million.
• Includes research into age-related diseases and the search for possible new treatments. Project content covers a variety of research types from basic research to preclinical stages.
• $VITA token holders can vote on research project funding and overall direction of VitaDAO. This includes which projects are funded, how they are funded, financial management decisions, and other governance activities that help improve the DAO process.

5.HairDAO: Focus on hair loss research, more Meme temperament

Twitter：@HairDAO_

Official website：https://about.hairdao.xyz/

Token: $HAIR

• Market capitalization and FDV: lack of unified calculation caliber
• 30-day change: +92.6%

Project Description:

• HairDAO is an open source investment and operation organization focused on the treatment of hair loss, aiming to promote the research and development of hair loss treatment in a democratized manner.
• They fund early-stage research and companies focused on understanding and treating hair loss.
• HairDAO encourages people with a variety of skills to join its working group, whether technical or with expertise in a specific area.
• Its token $HAIR rewards those who help solve hair loss problems. Users can earn $HAIR as rewards by uploading their anonymous, encrypted genomic data.

Current concerns:

• Although HairDAO focuses on scientific research, the content expression and design style of HairDAO from its official website to Twitter are not serious. The official website even looks like a humorous temperament like an old pantomime movie.
• Among the serious and solid scientific research projects on the DeSci track, the topic of “hair loss” is more like a meme, and its Twitter name is even marked with the emoji symbol of a hair salon 💈
• Considering its uncalculated market value and the current popularity of DeSci, it is more recommended to treat it as a meme coin.

Disclaimer：

1. This article is reprinted from[深潮techflow]. All copyrights belong to the original author [深潮techflow]. If there are objections to this reprint, please contact the Gate Learn team, and they will handle it promptly.
2. Liability Disclaimer: The views and opinions expressed in this article are solely those of the author and do not constitute any investment advice.
3. Translations of the article into other languages are done by the Gate Learn team. Unless mentioned, copying, distributing, or plagiarizing the translated articles is prohibited.