Decentralized Science and Business Development
At the ResearchHub SciCon 2023 conference, investor Jason Fang of Sora Ventures spoke about the need for business development in decentralized science.
Fang highlighted the longer timeframe of decentralized science investments compared to other crypto ventures. He stressed the importance of skilled professionals in business development to translate research into viable business opportunities.
He cited Molecule, a successful DeSci startup, as an example of how efficient business development practices can significantly shorten project lifespans.
Fang also discussed the potential of cryptocurrency exchange listings in providing major funding opportunities for DeSci startups. He emphasized the need for exchanges to recognize the value that DeSci projects can bring to their platforms.
The panel at the conference also included Joseph Jacks of OSS Capital, James Brodie of ID Theory, and Adam Draper of BoostVC who shared their insights on the importance of building tools and incentives for scientists in the DeSci space.
Ultimately, Fang reiterated the crucial role of business development in driving innovation and turning research into tangible products. He emphasized the need for a strong B2B focus in the decentralized science sector.
Disclaimer: Sora Ventures is an investor in CryptoSlate.
