Cryptocurrency hedge funds have invested $ 11 million in the Numerai

Platform Predictor Startup Numerai raised $ 11 million during the private sale of NMR tokens. A round of financing led Paradigm and Placeholder Capital cryptocurrency hedge funds, writes CoinDesk .

According to Paradigm co-founder Fred Erom, Numerai has attracted attention with proven monetization practices. The funds raised will be invested by the startup into the development of a decentralized Erasure platform, with the help of which users will be able to directly connect crypto-purses to the market-based Ethereum.

“Every week about 1,000 people use NMR tokens to buy and sell predictions in the project’s marketplace. Now NMR is used to confirm the reputation of users and allows you to motivate them to place meaningful forecasts. If the predictions are wrong, the tokens are burned. With the launch of Erasure, the ability of users to sell forecasts to interested system participants will expand, ”said Numerai founder Richard Craib.

Recall that in February 2017, Richard Kreib said that Numerai tokens would help solve the fundamental problems facing the world of finance.

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