Scientific progress in cryptocurrency: Top popular DeSci tokens

Decentralized Science, or DeSci, is a broad concept that includes projects using blockchain in scientific and semi-scientific fields. This trend involves tokens, NFTs, and decentralized autonomous organizations (DAOs) related to science. The main goal of DeSci projects is to democratize scientific research and harness the potential of blockchain for new discoveries, creating decentralized platforms for raising funds, conducting experiments, sharing data and disseminating ideas. DeSci is based on a simple idea: scientific knowledge should be accessible to everyone, and the research process should be transparent.

Initially, the Internet was supposed to democratize science, because science is an intensive exchange and acquisition of knowledge. However, despite improvements, access to cutting-edge research remains limited and expensive. The Internet has made access to information easier, but access to university resources is still necessary to obtain the latest scientific data without high financial costs. DeSci projects strive to make science more accessible and solve key problems based on scientific research. Let's look at the largest DeSci projects by capitalization.

OriginTrail is building trustworthy knowledge infrastructure for artificial intelligence by solving the problem of misinformation in machine learning. Through a unique decentralized knowledge graph and parachain, OriginTrail provides AI-powered solutions. The project is supported by large organizations such as the British Standards Institute, SCAN, Polkadot, Parity, Walmart, the World Federation of Hemophilia, Oracle and the European Commission. TRAC's market capitalization is $258 million.

Dynex uses the POUW (Proof-of-Useful-Work) consensus algorithm, using GPU miners for neuromorphic computing approaching quantum. The project has a capitalization of approximately $60 million and has the potential for significant growth due to its technological base.

VitaDAO is a decentralized organization that funds aging research with the goal of commercializing intellectual property. VitaDAO invests in innovative and experimental projects that can make breakthroughs in science and generate profit from patents. VitaDAO's capitalization reaches $47.5 million.

Project Hippocrat offers secure storage of patient medical data using blockchain and zero-knowledge proof, and provides medical advice through the Hippo app. The project capitalization is $45 million.

AxonDAO is a decentralized organization that funds medical projects to monetize intellectual property. AxonDAO's capitalization is $35.5 million.

HairDAO funds projects to combat hair loss, aiming to solve a pressing problem and earn money on patents from developments. HairDAO's capitalization has almost reached $30 million.

Despite the relatively low capitalization of DeSci projects, their significance is great due to the novelty of the concept and the utilitarian nature of the tokens. Science is a long-term process that requires time and resources. Blockchain technologies provide a new source of these resources, which is valuable for the development of scientific research.

This material does not constitute investment advice. The opinion of the editors may not coincide with the opinions of the author, analytical portals and experts.