Andrew Kang, founder and partner of the cryptocurrency venture capital firm Mechanism Capital, stated on social media platform X that the current DeSci (Decentralized Science) field feels like the early DeFi (Decentralized Finance) days of 2019, where everything is still in a raw and experimental stage, but those involved have an intrinsic understanding of its immense potential.
Andrew Kang believes that the current projects are unlikely to maintain their current model or product form, as they are evolving and improving through continuous iterations. He cited Maker, Synthetix, and Aave as examples, stating that these three well-known DeFi projects were immature small projects in 2019, but have now become important protocols.
Andrew Kang then mentioned that BIO Protocol, Pump Science, and GLP1 are some of the most interesting DeSci projects in his opinion, and revealed that he has participated in the latest funding round of BIO Protocol.
The DeSci space right now feels like the early 2019 DeFi days. Everything is still raw, experimental, but there's an underlying understanding from this involved that there is massive potential. It's likely that the current projects won't have the same model/product as they will…
— Andrew Kang (@Rewkang) November 24, 2024
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