Thread by @KnightsInvest

1. Going to talk about #DeSci and how @GenomesDAO is positioned to be the leader in this emerging trend
👇👇

First off what is #Desci?

2. It is a revolutionary initiative that seeks to establish a decentralized and open infrastructure for scientific collaboration, publishing, and sharing, utilizing the power of blockchain.

3. Its goal is to enable fair and equitable access to scientific knowledge by building public infrastructure for funding, creating, reviewing, crediting, storing, and disseminating scientific knowledge.

4. With #Desci, researchers can collaborate on scientific projects in a secure and transparent way using smart contracts and decentralized file storage, which eliminates the need for intermediaries and ensures data integrity.

5. The platform also provides a novel reputation system that incentivizes high-quality research and encourages collaboration among scientists.

6. #Desci addresses some of the major challenges faced by the scientific community, such as slow and expensive publishing, limited access to research data, and lack of transparency in the peer-review process.

7. By leveraging the blockchain, #Desci makes scientific collaboration and publishing faster, more transparent, and more accessible, and empowers researchers to take control of their work and data.

8. Researchers can share their data and collaborate with others in a secure and transparent manner, which enables them to make breakthrough discoveries and accelerate scientific progress.

9. Also provides researchers with greater control over their work and data, which can help to address some of the issues related to the ownership and commercialization of scientific discoveries.

Now lets talk a little bit about @GenomesDAO

10. Genomes.io is a UK-based genomic data security company co-founded by Dr Mark Hahnel and Aldo de Pape in 2018. It combines cutting-edge technologies like AMD's SEV, blockchain, and decentralized finance to democratize and decentralize genomic studies.

11. The problem with incumbent genomic data companies is that they lack data sovereignty and privacy protections. They cover losses on DNA testing and reports by seizing ownership of your data and selling it to third-parties that want access.

12. In contrast, Genomes provides clinical quality (30x) whole genome sequencing, encrypted cloud storage of DNA data, and a transparent and immutable audit log of access to your genome using Ethereum blockchain technology.

13. For individuals, offers personalized genomic reports, secure data storage in their personal DNA Vault, and control over third-party access. You can can even get paid for contributing data to research without losing privacy or giving up ownership of their genome.

14. For organizations, Genomes.io offers its DNA Vault technology to create secure and participant-owned genomic databases, ensuring private and transparent data access, fully informed repeat consent, and equitable compensation.

15. Genomic data can be made available to researchers to supercharge medical innovation, but without compromising the privacy or ownership rights of individuals.

16. Genomes aims to solve the lack of privacy and data sovereignty in the genomic data industry, democratize and decentralize genomic studies, and promote responsible and equitable access to genomic data for individuals, organizations, and researchers.

17. GenomesDAO has also achieved an impressive feat by winning the coveted Deloitte Tech Fast 50 Challenge Award, a highly esteemed recognition that applauds the fastest-growing and most innovative technology companies in the United Kingdom.

18. Investments are going into the #Desci movement, with Pfizer's recent investment of $4.1 million into VitaDAO, a decentralized science platform with a marketcap of over 35 million.

19. Now this might surprise you, but despite their impressive achievements, GenomesDAO's current market cap is only $650k, which I believe is super undervalued. While I'm not suggesting apeing into the green candles, it might be wise to wait for a dip to get involved.

20. There are two tokensL $GNOME, which serves as the governance token for the DAO, and $GENE, which is the utility token. One interesting aspect of $GENE is that it has a deflationary mechanism built in. $GENE is more valuable imo.

21. If you are interested you can buy the token on Polygon using Sushiswap dexscreener.com/polygon/0x3d42…

Lastly, it's worth noting that Vitalik Buterin has expressed his enthusiasm for the DeSci movement, as shown in the video linked below.

22. I hope you found this information informative and useful. If you have any other exciting DeSci projects to share, I would love to hear about them. Your support is greatly appreciated.