Developments of Web3 in the Science Space
In the past few months, growing attention has been given to Decentralized Science (DeSci). DeSci is a novel approach to scientific research that leverages blockchain technology. Traditional science research often faces a so-called ‘valley of death’, which refers to the important period between fundamental scientific research and successful development and implementations that benefit patients. DeSci aims to fill this gap by attempting a more effective approach in funding, data sharing, publishing, and collaboration in science. Through this process, biotechnology companies participating in DeSci are essentially crowdfunding capital for their experiments in exchange for token holders to have some rights to the resulting intellectual property.
What is Pump.Science?
One of the rising platforms in the DeSci space is Pump.Science. Pump.Science is a spin on the highly successful Solana-native memecoin incubator Pump.Fun. The protocol aims to assist in the finance, research, and development of chemicals or compounds that have the potential to increase the longevity of a person or organism.
Pump.Science works by using Pump.Fun to trade tokens of potential life-extending compounds. When a token reaches a market cap of $10k, data of the experiments of the compound is then streamed on Pump.Science on regular time intervals. Token holders and speculators can continue to trade tokens based on their own predictions of the drug’s effect on the life spans of, assisting in the continual research of the proposed compound.
Currently there are two compounds that are being tested on Pump.Science. The first is $RIF, representing the compound Rifampicin, and $URO representing the compound Urolithin A. When a user clicks on one of the compounds on their website, they will be able to see the updating experiment data and the market trends of the token allowing users to make decisions and predict the future of the compound. Taking $RIF as an example, it is currently being gauged on its ability to prevent again in flies. The token $RIF is a tokenized representation of the science experiment being carried out with the hypothesis that Rifampicin can help with longevity.
It is important to note that tokens on Pump.Science such as $RIF represents intellectual property governance rights to the underlying compounds data and the experiment in the real world.
DeSci — Present & Future
The creators of Pump.Science is Molecule DAO, founded by Tyler Golato and Paul Kohlhaas. Molecule DAO has proposed the use of IP-NFT technology to connect intellectual property and cryptocurrency, allowing the trading of rights to scientific research projects.
Pump.Science opened up new paths to commercialization and funding source for scientific research, yet for the current market, due to the bias towards high market liquidity, the fame and popularity of a meme coin is still more important than potential underlying scientific value. For this reason, market response towards Pump.Science is not as good as expected. However, as more projects come to fruition under Pump.Science, it creates more choice and space for participation. As one of the spearheads of DeSci, the future developments of Pump.Science and other projects of Molecule DAO are definitely worthy of attention.
FAQ
- What is Pump.Science?
Pump.Science is a platform designed to gamify the discovery of longevity-enhancing treatments. It uses a tiered testing system starting with inexpensive, short-lifespan organisms like worms and advancing to more complex models like mice. The platform combines scientific experimentation with blockchain-based tokenomics, allowing users to fund, predict, and track the outcomes of lifespan-extension regimens in real time
2. How does the token system work?
The platform operates a tokenized prediction market. Users can submit or back longevity regimen ideas by purchasing tokens associated with those regimens. As the regimen progresses through testing stages, tokens are sold at predefined milestones to fund experiments. Token holders can track live-streamed data, making predictions based on real-time results.
3. What is the “Longevity Game”?
The “Longevity Game” is Pump.Science’s approach to efficiently identify healthspan-extending treatments. It balances cost, speed, and data quality, beginning with experiments on worms and advancing based on the success of compounds. Users participate by funding and predicting outcomes, with the goal of maximizing lifespan gains.
4. Who can participate in Pump.Science experiments?
Anyone can contribute by submitting compounds or backing existing regimen ideas. The platform’s decentralized model and low-cost entry requirements enable broad participation, democratizing the discovery process for longevity-enhancing solutions.
5. How does Pump.Science differ from traditional scientific research?
Pump.Science introduces the concept of “stadium science,” where experimental data is streamed in real-time to users, encouraging continuous engagement and speculation. This transparency contrasts with traditional research, which often releases results only after trials are completed.
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