Truemarkets Secures $4.03M in NFT Sale, Gains Support from Ethereum Co-Founder Vitalik Buterin

Truemarkets, a decentralized prediction platform, has successfully raised $4.03 million through the sale of 15,071 Non-Fungible Tokens (NFTs) during its public sale. The NFTs were priced at 0.08 Ethereum (ETH), equivalent to approximately $250 each.

Notably, Ethereum co-founder Vitalik Buterin purchased 400 NFTs worth 32 ETH, valued at roughly $107,000. This investment demonstrates Buterin’s interest in the project and the potential of decentralized prediction platforms.

Truemarkets’ NFTs and Tokenomics

Truemarkets introduced two main NFTs: Oracle Patron NFT and Truth Seeker NFT. Oracle Patron NFT holders will be able to claim 2,666.67 TRUE tokens during the upcoming token launch event. According to Truemarkets’ tokenomics, 40.3% of its total 100 million TRUE token supply will be allocated to Patron NFT holders.

The sold-out Oracle Patron NFT sale highlights the growing interest in prediction markets within the crypto community. Truemarkets enables users to bet on real-world events, utilizing both AI and human oracles for market creation around news and entertainment content.

Prediction Markets and Blockchain Technology

The successful NFT sale not only brought in substantial funding but also demonstrated the potential of integrating blockchain technology with real-life cases. Truemarkets has established itself as a significant player in the decentralized prediction market space.

The Ethereum chain, which supports Truemarkets’ NFTs, has seen a surge in activity, with a 76.06% uptick in its 24-hour trading volume. Additionally, dApp activity at the Ethereum network jumped 38% with $3.936B transactions, driven by NFTs and the Ethereum network upgrade focused on scalability, EIP-4844.

Future Outlook

With a strong start and support from prominent figures like Buterin, Truemarkets is poised to launch its TRUE token and advance its work in decentralized prediction platforms. As the project continues to grow, it will be interesting to see its impact on the crypto market.

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