The DeSci Narrative "Star-Driven" Project

BIO Protocol officially launched on Binance, OK, MEXC, and other leading exchanges on January 3, creating a huge stir. I have felt the explosive popularity of BIO from various chat groups and tweets. After reaching a high of $1.47, $BIO experienced a 50% pullback and is currently stabilizing around the $0.7 range, accompanied by various controversial opinions about $BIO.

**The "Star-Driven" Project of DeSci Narrative**

**The DeSci Narrative "Star-Driven" Project**

On January 3, Bio Protocol, a decentralized science (DeSci) project, officially launched on Binance, OKX, MEXC, and other leading exchanges, sparking a huge stir in the crypto community.

On January 3, Bio Protocol, a decentralized science (DeSci) project, officially launched on Binance, OKX, MEXC, and other leading exchanges, sparking a huge stir in the crypto community.

With the rising popularity of DeSci, various controversial opinions have emerged regarding $BIO. To shed light on this matter, let's delve into the concept of DeSci and explore its potential and challenges.

**What is "DeSci" that CZ and Vitalik are so focused on and admire?**

On November 3, 2024, CZ shared pictures of his attendance at a small DeSci entrepreneur gathering organized by Binance Labs on his personal social media. During the meeting:

- Vitalik introduced CZ to VitaDAO's first longevity product ------ VD001, a natural high-dose spermidine supplement approved by the Thai Food and Drug Administration.

- Vitalik introduced CZ to VitaDAO's first longevity product ------ VD001, a natural high-dose spermidine supplement approved by the Thai Food and Drug Administration.

- CZ expressed hope to see 1,000 DeSci-related projects emerge next year.

- CZ expressed hope to see 1,000 DeSci-related projects emerge next year.

From then on, the DeSci concept officially entered the minds of crypto enthusiasts.

DeSci (Decentralized Science) aims to revolutionize the traditional models of scientific research, knowledge sharing, and research funding through blockchain technology and decentralization. It seeks to liberate scientific research from traditional centralized institutions (such as governments, universities, and large research foundations) and provide scientists and researchers with a more transparent, fair, and open ecosystem.

In simpler terms, I understand DeSci as a new entry point into the RWA (Real World Assets) field. From the various DeSci projects currently available, their core is to provide financing support for early-stage physical research projects. Through decentralized mechanisms, DeSci directly connects research teams with funders, bypassing the lengthy and complex approval processes of traditional centralized organizations. This not only addresses the issue of research projects stagnating due to a lack of funding but also significantly enhances the capital efficiency of scientific research.

More importantly, DeSci introduces a more transparent and efficient way of research funding. The inflow and use of funds can be tracked in real-time through smart contracts, allowing funders to clearly understand the use of funds and project progress. This model not only makes funding for research projects more efficient but also greatly enhances public and investor trust in the research ecosystem.

**Why has the DeSci concept emerged? Is it a product of capital narrative or a consensus of market development?**

First, we need to ask ourselves: why has the concept of DeSci (Decentralized Science) been proposed in the context of Web3? To answer this question, we must review the development history of Web3 and its current dilemmas.

**The Journey and Bottlenecks of Web3: From Prosperity to Confusion**

Since the birth of Web3, public perception of crypto assets has mainly focused on several core narratives:

- BTC: The role of digital gold as a safe-haven asset.

- Ethereum: The infrastructure of the smart contract public chain ecosystem.

- Stablecoins: USDT, USDC, etc., have become important tools for on-chain payments and value storage.

However, during the early stages from 2012 to 2019, the crypto market experienced a period of wild growth, with numerous air coins and projects lacking practicality. This bubble created enormous wealth for behind-the-scenes players but did not promote the sustainable development of the crypto ecosystem.

The DeFi Summer of 2019 was a significant turning point in the history of Web3. It brought decentralized finance (DeFi) to life for the first time through on-chain lending, LP, mining, staking, etc., significantly improving capital efficiency and the leverage effect of funds. However, the subsequent emergence of narratives like NFTs, the metaverse, and AI, while sparking market interest in the short term, failed to create a long-term bull market effect similar to the DeFi Summer.

As global Web3 policies gradually become clearer and the RWA (Real World Asset) track rises, the market begins to explore how blockchain technology can deeply integrate with the real economy. However, RWA remains a highly challenging field for most retail investors. Investors find it difficult to understand its mechanisms, application scenarios, and participation paths, leading to a lack of strong market resonance in this track. Furthermore, I summarize:

- The current Web3 has entered a liquidity and narrative bottleneck!

- The current Web3 has entered a liquidity and narrative bottleneck!

- From previously accessible participation, it has gradually become a competition among capital institutions, and the once "within reach" sense of participation is being replaced by high-threshold tracks dominated by institutional capital.

- From previously accessible participation, it has gradually become a competition among capital institutions, and the once "within reach" sense of participation is being replaced by high-threshold tracks dominated by institutional capital.

- Retail investors are gradually being excluded from the future wealth distribution system of Web3, which goes against the original intention of Web3's decentralization and openness.

The emergence of the DeSci narrative, to some extent, responds to this dilemma: it combines blockchain technology, the Web3 market, and the real industry, making Web