8/10
Experience hair loss during their lifetime.
50%
Of Women face hair loss challenges at some point in their lives.
$7.74B
Estimated global hair growth supplement and treatment market size in 2023.
The hair restoration market is expanding rapidly, driven by increasing prevalence of hair loss and rising demand for effective treatments.
Hair loss is a widespread issue affecting a significant portion of the population. According to HairDAO, 66% of men will experience noticeable hair loss before the age of 35, and half of all women will face hair loss in their lifetimes.
Despite the prevalence of this condition, the development of new treatments has been slow, with no new drugs brought to market since Finasteride in 19971.
The funding landscape for hair loss research is surprisingly limited. Only 0.03% of all early-stage R&D funding is allocated to hair loss research, amounting to a mere $5.4 million per year.
This stark contrast between the widespread nature of the problem and the limited resources dedicated to solving it highlights a significant gap in the market. HairDAO aims to address this disparity by creating an open-source R&D network that brings together patients and researchers to collaboratively develop innovative treatments for hair loss.
Hair loss is a widespread issue affecting a significant portion of the population. According to HairDAO, 66% of men will experience noticeable hair loss before the age of 35, and half of all women will face hair loss in their lifetimes....
Novel treatments for androgenetic alopecia (AGA):
HairDAO aims to develop innovative solutions for hair loss, particularly focusing on AGA, which affects a majority of men and a significant portion of women
Repurposing FDA-approved drugs
One of their projects involves testing FDA-approved topically-applied T3 and T4 thyroid hormones to promote the production of key growth factors for hair regrowth49.
AI-driven drug discovery
HairDAO is utilizing artificial intelligence to identify promising compounds for hair loss treatment, narrowing down large sets of potential candidates to the most effective options3.
HairDAO's value capture model is centered around its approach to community-driven research and development. The organization utilizes a governance token called HAIR, which grants holders voting rights on research project funding decisions.
This model not only democratizes the research process but also creates value for token holders by giving them a direct stake in the advancement of hair loss treatments.
Furthermore, HairDAO incentivizes user participation by allowing individuals to anonymously log their treatment progress.
This data collection approach serves a dual purpose: it helps advance hair loss research by providing valuable real-world data, and it rewards users with governance rights in the DAO.
By contributing their personal experiences, users not only potentially benefit from improved treatments in the future but also gain a voice in steering the direction of research, creating a virtuous cycle of engagement and value creation.
HairDAO's value capture model is centered around its approach to community-driven research and development. The organization utilizes a governance token called HAIR, which grants holders voting rights on research project funding decisions.
This mod...
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