$BIO has seen astonishing growth in the past two weeks, with a low of 5 cents and a high of 32 cents, approximately 6.5 times. Everyone knows it is a DeSci project and can now be considered a leader in DeSci; CZ has also supported it. But what exactly does it do? Let's discuss it.
First, what is DeSci? Decentralized Science, which can actually be understood as decentralized academia. The cooperation between industry, academia, and research is not efficient in a centralized academic system, especially when it comes to resource allocation. Who should this funding go to? Whose name should this paper be attributed to? These are often the questions.
Can decentralized academia solve this problem? The answer is of course yes. Smart contracts can always solve bureaucratic issues; once certain conditions are met, the contract will execute, and everyone can vote directly. DAO organizations are also very suitable for creative work.
The most important product of Bio Protocol is its DAO. The existing 8 DAOs have undergone their first iteration, with an estimated valuation of about 300 million dollars. Now individuals can directly fund medical projects with money. One can imagine this is like every wealthy person can directly invest in an alchemy furnace. With so much money, why not at least try to pursue the dream of immortality?
Another product of bio is its DAO launchpad, meaning as long as these DAOs are reliable, bio can support you to issue your own tokens and start anew. Simply put, it is similar to many government high-tech industrial parks or incubators for certain industries.
So, when looking at it overall, compared to hard logic and hard technology like BTC, ETH, and LINK, $BIO may not be as imaginative.
Because, if someone is already outstanding, what would they incubate here? You can quietly think of the great companies you believe in; which ones were incubated? They all seem to have jumped out directly from the stone cracks like Sun Wukong.
