What is BIO Protocol? BIO Protocol is a curatorial and liquidity protocol in the decentralized science (DeSci) field, aimed at promoting the transparency and decentralization of scientific research and funding processes through blockchain technology.
Its core design concept is derived from the team's successful experience with Molecule (a tokenization platform for early biomedical projects) and VitaDAO (the largest decentralized community for longevity science). The main features of BIO Protocol include:
1. Incubation Function: Similar to the tech startup incubator Y Combinator, BIO Protocol provides support and resources for scientific research projects, helping them grow and develop rapidly.
2. Funding Support: Utilizing blockchain technology, BIO Protocol can more easily raise funds for research projects.
3. Community Participation: Allows scientists, patients, and investors from around the world to jointly participate in and support research projects.
4. Innovative Models: Introduces new research funding and commercialization models, breaking the limitations of traditional research funding.
5. BioDAO: BIO Protocol includes sub-DAOs (decentralized autonomous organizations) focused on different specific scientific or medical research areas. These BioDAOs pool resources (data, capital, labor) together to leverage the collective power of globally distributed stakeholders to accelerate R&D processes and develop new intellectual property.
6. Curatorial System: Adopts a token staking mechanism to screen and support high-quality biotechnology projects through a combination of community voting and professional evaluation.
7. Liquidity and IP Tokenization: Provides tokenization solutions for biotechnology IP, allowing these IPs to be tokenized (in forms such as NFTs and FTs); while establishing secondary market trading mechanisms to achieve liquidity in research project investments.
BIO Protocol promotes the advancement of preclinical research by combining DeFi technology with real-world IP rights, providing continuous funding support for the next generation of biomedical R&D. This decentralized model allows researchers, supporters, and community enthusiasts worldwide to collaborate closely on scientific innovation, making it more efficient to translate biotechnology achievements into reality.
