DeSci: The Future of Science?
Is DeSci the future of scientific research, or is it more meme than tech? Navigating Narratives has a closer look.
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TLDR
- DeSci combines crypto technology and academic research to address issues in the scientific community, such as limited access to research, centralized control, and funding challenges.
- Key elements of DeSci include blockchain for immutable data storage, smart contracts for transparent funding, and NFTs for tokenizing research to secure ownership and funding.
- Although DeSci promises advantages like open access, decentralized funding, and transparent data, it faces significant challenges, including DAO governance issues, resistance to adoption, technical barriers, and regulatory issues.
- DeSci is currently more meme than tech, but that is not to say there is no trade opportunity here.
- DeSci’s current meme status is not necessarily a bad thing for trading, as we continue to be bullish on memecoins. As it stands, we view DeSci as another vessel for the launch of “fresh’ memecoins.
