Source: cryptoslate
Compiled by: Blockchain Knight
According to a recent report released by MV Global, decentralized science (DeSci) is expected to see significant growth in 2025, driven by practical memecoins.
DeSci involves integrating blockchain technology into scientific research. Its aim is to fundamentally transform the traditional scientific ecosystem through increased transparency, decentralization, and collaboration.
The report emphasizes that while this concept is not new, the focus and scope of these initiatives have changed.
Initially, most projects focused on providing research funding through decentralized autonomous organizations (DAOs). Notable examples include VitaDAO, HairDAO, and AxonDAO, which still have influence in the DeSci field.
However, significant evolution has already occurred in the field, becoming more diversified.
The report highlights various use cases of about 30 active projects, including research funding, health data management, and open-source research programs.
The report notes that this diversification reflects the increasing maturity and adaptability of the DeSci ecosystem.
The goal of DeSci is to establish a more inclusive and equitable scientific ecosystem that enables researchers and communities to collaborate and innovate without the constraints of central institutions.
The report highlights a trend for 2024: the emergence of DeSci-specific memecoins.
While most projects have seen limited success, two projects—Rifampicin and Urolithin A—have achieved significant development, with market values of approximately $73 million and $59 million, respectively.
These tokens are launched through the Pump.Science platform, and according to MVGlobal's assessment, their utility far surpasses that of traditional memecoins.
Tokens are directly related to scientific experiments, representing specific compounds or interventions tested on organisms such as worms, flies, and mice.
These tokens can serve as a funding mechanism for research, providing real-time updates on experimental progress and facilitating transactions based on research outcomes.
Holders of these tokens may even sell the rights to successful interventions, establishing a tangible connection between token ownership and real-world scientific advancements.
MV Global anticipates that Pump.Science will achieve significant scalability by 2025, with at least 10 projects expected to have a market value exceeding $100 million by the end of the year.
MV Global also predicts significant growth in health data management and open-source collaborative research by 2025.
Projects like Hippocrat and ResearchCoin are promising; the former empowers individuals to control their health data, while the latter aims to create a 'GitHub for scientific research.'
By 2025, the market valuation of these two projects is expected to reach at least $200 million.
The report also predicts a substantial increase in DeSci projects, with at least 50 projects expected to be launched by the end of 2025. This growth reflects the positive market sentiment and increased liquidity in the industry.