US Prediction Startup Numerai Raises $11 Million in ICO
Cointelegraph
Published Mar 21, 2019 03:35PM ET
US Prediction Startup Numerai Raises $11 Million in ICO
American prediction market startup and hedge fund Numerai (NMR) has raised $11 million in an initial coin offering (ICO) to launch its project Erasure, crypto industry media outlet Coindesk reports on March 21.
Introduced in late 2016, Numeraire network provides a blockchain and cryptographic token-based ecosystem for incentivizing anonymous data scientists to create predictive models. Based on the Ethereum (ETH) blockchain, Numeraire tokens are used in trading market predictions on the startup’s platform.
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