Key Points
Truemarkets, a decentralized prediction platform, has successfully raised $4.03 million through a public sale of 15,071 Non-Fungible Tokens (NFTs).
The NFTs were sold at a price of 0.08 Ethereum (ETH), approximately $250 each.
One of the prominent buyers was Ethereum co-founder Vitalik Buterin, who purchased 400 NFTs for roughly $107,000.
Truemarkets’ NFTs and Token Launch
The platform introduced two main NFTs, Oracle Patron NFT and Truth Seeker NFTs.
Owners of the Oracle Patron NFT will be eligible to claim 2,666.67 TRUE tokens during the forthcoming token launch event.
Truemarkets plans to allocate 40.3% of its total 100 million TRUE token supply to the Patron NFT holders.
The successful Oracle Patron NFT sale indicates the growing interest in prediction markets within the cryptocurrency community.
Truemarkets’ platform allows users to wager on real-world events, utilizing both AI and human oracles for market creation around news and entertainment content.
The NFT sale not only generated significant funding but also emphasized the potential of prediction markets to merge blockchain technology with real-world applications.
Truemarkets has positioned itself as a significant player in this emerging field.
The Ethereum chain, which supports Truemarkets’ NFTs, has been performing well, trading at $3,331.21 with a 76.06% increase in its 24-hour trading volume.
There has been a 38% rise in dApp activity on the Ethereum network, with $3.936B transactions, driven by NFTs and EIP-4844, an Ethereum network upgrade focusing on scalability.
With a robust start and backing from notable figures like Buterin, Truemarkets appears poised to launch its TRUE token and further its progress in decentralized prediction platforms.