The Twitter Space covered DeSci projects focusing on blockchain tech and its impact on science and biotech. Speakers discussed using IP NFTs for intellectual property, dealing with regulatory challenges, and the importance of DeSci in future scientific progress. The need for product-based real-world utility and comprehensible marketing to drive adoption was emphasized. Predictions for 2024 suggest wider acceptance and contributions across various fields beyond health.

Decentralized Science (DeSci)

Throughout the session, various speakers provided insights into how DeSci is reshaping the landscape of science and biotech via blockchain technologies.

Main Topics Discussed:

• IP NFTs/IP Tokens: A new way to manage and fractionalize intellectual property in biotech.
• Regulatory Concerns: Operating within regulatory frameworks while innovating.
• Science Funding and Publishing: Utilizing blockchain for transparent and efficient processes.
• Longevity and Health: How DeSci may lead to breakthroughs in healthcare and longevity.
• Decentralization: The balance between open collaboration and effective governance.
• Outlook for 2024: Predictions include more non-health DeSci projects, broader regulatory frameworks, and mainstream adoption.

Challenges and Solutions:

• Ensuring community members are informed and can distinguish high-quality projects.
• Operational hurdles like coordination among token holders.
• Leveraging tokenization while avoiding decentralization pitfalls.

Concluding Remarks:

• Product utility and real-world applications are key.
• Need for simplified communication to attract a wider audience.
• Anticipation for significant developments and breakthroughs in the next few years.