Decentralized science (DeSci) utilizes blockchain and crypto to enhance scientific research, making it more accessible and economically viable. Joshua Bate from DeSci World describes it as an update to traditional science, which suffers from corporate greed and regulatory capture. DeSci builds on the open science movement, allowing researchers to secure new funding through intellectual property non-fungible tokens (IP NFTs). Molecule, a major player in DeSci, has invested $30 million into projects addressing neglected scientific fields, such as hair loss research via HairDAO. This organization seeks to overcome the lack of funding for cosmetically classified conditions by enabling broader participation in research, which is typically siloed. Additionally, DeSci aims to innovate peer-review processes and offer free access to published research. Although the movement faces challenges due to skepticism about blockchain technology in the scientific community, proponents believe it can transform research into a more open and incentivized ecosystem.

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