Changpeng “CZ” Zhao, the former CEO of Binance, has shown interest in the decentralized science (DeSci) sector after leaving the exchange. DeSci encompasses various areas such as decentralized autonomous organizations (DAOs), biotech, financing, publishing, data storage, and foundations. DAOs, in particular, are driving the growth of DeSci, with over 20 currently in operation.

One notable DAO is VitaDAO, which focuses on advancing longevity research. DeSci offers a new funding model that allows anyone to contribute skills and capital in a decentralized manner, receiving tokens in return. This model is particularly important for fields that are often overlooked, such as aging research and longevity biotech.

By decentralizing science, DeSci aims to address the misaligned incentives in the current centralized medical and pharmaceutical industries. It involves patients, researchers, and enthusiasts in a more open-source and incentivized way, ultimately leading to better medical outcomes.

DeSci’s strength lies in its ability to bring together individuals from various disciplines and backgrounds. Whether it’s operations, tokenomics, communications, or scientific research, each person can contribute to the advancement of DeSci. With the sector still in its early stages, there is ample opportunity for growth and collaboration.

This News Article was automatically generated by Bob the Bot (AI)

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