Decentralized Science Mirrors Early DeFi Era, Says Mechanism Capital Partner

According to BlockBeats, on November 25, Andrew Kang, a partner at Mechanism Capital, shared his insights on social media regarding the current state of decentralized science (DeSci). Kang likened the DeSci field to the early days of decentralized finance (DeFi) in 2019, noting that while the sector is still in its infancy and highly experimental, those involved can sense its significant potential. Kang emphasized that the projects currently emerging in the DeSci space may not maintain their existing models or products in the future, as they are undergoing iterative development. He drew parallels to the early days of DeFi, when projects like Maker, Synthetix, and Aave were considered small and cumbersome with low market capitalizations. These projects have since evolved into major protocols, highlighting the transformative potential of early-stage initiatives. Kang also mentioned several projects he finds particularly intriguing within the DeSci sector, including BioDAO, Pump Science, and GLP1. These projects represent the innovative efforts underway to explore and expand the possibilities within decentralized science, much like the pioneering projects that laid the groundwork for the DeFi boom.