How NFTs, Web3 And The Metaverse Are Transforming Research

In the world of science, blockchain technology is transforming scientific research. The decentralization of data, attribution and peer review has been a long-term goal of many scientific scholars. Using decentralized platforms could revolutionize the production and dissemination of scientific publications. The current system is outdated, relies on publisher cartels and has resulted in poor reproducibility of published data and papers. The consequences are not only loss of public credibility but also decreased public funding. What Decentralization of Science Looks Like The decentralization of science is a paradigm shift in funding, sharing, and monetizing science. Currently, scientists spend most of their time competing for increasingly inadequate funds. Unfortunately, a substantial amount of those funds go to the most famous researchers. Furthermore, the hypercompetitive nature of academia saps individual creativity and contributes to systemic biases that drive many scientists out of the field. DeSci offers an alternative to current science and supports decentralization over centralized control. Creating a decentralized science organization will create more transparency and reduce redundancy-two key challenges of the scientific community today. For example, decentralized communities would enable peer review of scientific papers and award tokens to reviewers. A major problem with the current model of centralized science is the ...