Numerai to Cut Token Supply by 10 Million to Become ‘Decentralized as F*ck’
Numerai, a next-gen hedge fund, plans to decentralize its platform by destroying the keys to the smart contract controlling its token supply.
Numerai
Numerai has sold an additional $3 million in NMR tokens to a slate of investors led by Union Square Ventures on the strength of its latest product, Erasure.
How might Renaissance approach bitcoin as an underlying asset, given the hedge fund’s reputation for using mind-bending math to find profits?
Numerai said its new signals monetization system will take any data set, from any source.
Erasure is a smart contract on Ethereum for people to share information and to express confidence about that information by putting money behind it.
Inter-blockchain communication (IBC) is poised to be a major theme of 2020. And, like most trends in crypto, it has its fair share of hope, hype and haters.
Numerai
