The decentralized prediction market platform Truemarkets raised over $4 million through Non-Fungible Token (NFT) auctions, attracting Ethereum co-founder Vitalik Buterin as a buyer who purchased 400 NFTs for $107,000, demonstrating strong market interest in decentralized prediction platforms.
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ToggleNFT Auction Sold Out Quickly, Truemarkets Raised Over $4 Million
Truemarkets recently officially auctioned Oracle Patron NFTs, with a total of 15,071 NFTs priced at 0.08 ETH (around $250) each, which sold out quickly, raising over $4 million for Truemarkets.
This NFT provides buyers with the eligibility to participate in the distribution of Truemarkets platform Tokens (TRUE). According to the Token economics of this project, users who purchase the Patron NFT will receive the qualification of an Oracle Patron NFT, which entitles them to claim 2,666.67 TRUE Tokens. The total supply of TRUE Tokens is 100 million, of which 40.3% (approximately 40.3 million) will be distributed to holders of Patron NFTs.
Vitalik Buterin Purchased 400 NFTs, Attracting Attention
Surprisingly, Ethereum co-founder Vitalik Buterin also participated in this auction, purchasing 400 Oracle Patron NFTs in a single transaction, totaling 32 ETH (around $100,000).
Truemarkets project lead Millie stated that Vitalik is not someone who casually buys things, and his purchase of 32 ETH worth of NFTs is a significant endorsement for Truemarkets.
Combining Market Prediction and Media, Truemarkets' Innovative Vision
Millie stated that Truemarkets' vision is to combine media content with market prediction, allowing users to predict and invest in real-world events, while utilizing AI and humans as "oracles" to provide reference data. Additionally, Truemarkets offers two types of NFTs with different empowerments, the "Oracle Patron NFT" and the "Truth Seeker NFT", and will provide NFT holders with participation rewards in the upcoming TRUE Token generation event.
The successful NFT auction of Truemarkets not only had Vitalik's participation, which enhances the credibility of their platform, but also reflects the strong market interest in decentralized prediction market platforms, which is seen as a continuation of the Polymarket hype.
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