Photo by Chokniti Khongchum from Pexels
(Photo : Chokniti Khongchum from Pexels)

Digital assets have been on a consistent trajectory, with the total market cap sitting at $2.05 trillion, which is equivalent to the eighth largest economy globally. 

One of the aspects of the digital assets space is the communities that emerge. Each NFT, digital asset, and blockchain-related project have dedicated communities behind them that back up the ideas and support them. Like any community, digital asset communities align their engagement and activity toward achieving a mission or vision. 

Through communities, projects that have yet to get off of the ground are supported and find a bigger audience while already launched projects continue to be fostered and kept alive. This is especially important in digital assets as new and innovative projects are constantly being released but struggle to gain traction. 

The Science DAO is creating a decentralized community, dubbed as a think tank, in which inventors, creatives, and institutions can come together to foster growth and incubate emerging technologies. 

Science DAO's platform ensures that innovative technology and scientific breakthroughs get the attention needed to build and form. 

More on Science DAO 

Through Science DAO, creatives and great minds that would never have a community to support their ideas are fostered by like-minded and supportive people within the decentralized autonomous organization (DAO). 

Considering how complex it can be to get ideas off the ground, with things like red tape and how difficult it can be to get meetings, having a platform that highlights these ideas ensures they aren't gone to waste simply due to the bureaucracy of launching a project. 

The Science DAO is a Venture Fund that looks to support science projects from the early stages up until they are launched and even thereafter. The DAO will fund these projects through both the digital asset and non-digital asset communities via NFT creation and marketing.

Every invention proposed on the platform will have an NFT created that represents its respective fundraiser, with the sales from the NFTs funding the proposed cause. The utilities attached to the NFTs would include propositions like the ability to purchase the market-ready product early or access to privileged series A venture rounds for additional fundraising. 

Those who are part of the DAO can submit projects for funding. Though not all projects will be chosen, projects that do not receive funding directly from the DAO still have the potential to gain support from individuals in the DAO. 

Users can purchase Science DAO to vote on projects. It will act as the platform's governance token, with each token counted as one vote. 

How Science DAO Works 

Science DAO's platform is incredibly easy and straightforward to use, ensuring that anyone can join in on this community and benefit from its mission of highlighting innovative and emerging technologies. 

The process for joining and being a part of the Science DAO works like this: 

● Create MetaMask Wallet - Create a MetaMask which allows you to buy, sell, send, and receive your Science DAO tokens. 

● Send Ethereum to Your Wallet - Buy Ethereum directly on MetaMask or transfer it to your MetaMask Wallet from exchanges. 

● Connect Your Wallet to UniSwap - Connect your wallet MetaMask to UniSwap.

● Swap Ethereum for Science DAO Tokens - Start swapping as soon as you have Ethereum for Science DAO Tokens - from here you can start voting on projects. 

The Science DAO's key demographic of targeted participants will be scientific funds, institutions, and universities, but will also be available to retail participants on the open market. The project will focus on business development to create the world's largest decentralized scientific think tank. 

The project looks to bring budding, innovative technology and scientific breakthroughs to the masses to better society and humanity. Their final goal is to create a complete DAO for science.