Subscribe to Our Newsletter
Thursday May 26, 2022
Bitcoin (BTC) $29,824.00   Ether (ETH) $1,946.77
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
No Result
View All Result
Swap USDT (TRC20) Instantly
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
Changelly
CryptoNinjas
Home Investment Management

AI hedge fund Numerai now live on Ethereum

Published by CryptoNinjas.net
06/21/2017

Back in February, crowdsourced hedge fund platform Numerai announced the Numeraire (NMR) native cryptographic token to incentivize a new kind of hedge fund built by a network of data scientists.
Earlier today, the Numeraire smart contract was officially deployed to Ethereum, and over 1.2 million tokens were sent to 19,000 data scientists around the world. This makes Numerai the first hedge fund to issue its own cryptocurrency.
For thousands of people, Numeraire (NMR) tokens will be the first time in their lives they have interacted with an Ethereum smart contract from a website.
“Numerai is building the protocol to connect artificial intelligence to the stock market,” says Richard Craib, founder of Numerai.
Numerai has already raised $7.5 million in traditional venture capital from Union Square Ventures, Joey Krug (Augur), Fred Ehrsam (Coinbase), and Olaf Carlson-Wee (Polychain). As such, Numeraire is not being sold in a crowdsale or ICO.
“It is important to us that the holders of Numeraire are the people who it is most valuable and useful to the data scientists building Numerai,” says Craib. Numeraire can be withdrawn to any Ethereum address but can only be earned by competing in Numerai’s data science tournament.
Numerai also announced that they will move from making payouts in Bitcoin (BTC) to making payouts in Ether (ETH) and Numeraire (NMR) by September 30th.
The Numerai whitepaper is available for more information.

187
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Numerai launches new decentralized data marketplace called Erasure

10/05/2018
Numerai launches new decentralized data marketplace called Erasure

Numerai, an artificial intelligence hedge fund system with a cryptographic token on the Ethereum blockchain has announced Ensure - a new peer to peer, decentralized data marketplace for predictions. It will let individuals sell...

Read more

Numerai giving out $1 million in cryptocurrency to new Kaggle signups

03/19/2018
Numerai giving out $1 million in cryptocurrency to new Kaggle signups

Today Numerai, the crowdsourced hedge fund, is giving away $1 million worth of cryptocurrency to Kaggle users who sign up to Numerai. Kaggle has built the biggest data science community on the internet. "We...

Read more

CoinTree adds new coins including BAT, BNT, DCR, EDG, EOS, NMR, SNT and WAVES

07/19/2017

CoinTree, an Australian-based cryptocurrency exchange has today updated its list of tokens available for trading. Also, for the first time, some coins have been re-listed. Furthermore, some tokens have been removed. Users just need...

Read more
Load More

Discussion about this post

Where to Exchange

Crypto services suite in Spanish Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
America's first regulated bitcoin exchange Visit
  • Trending
  • Latest
Kiln completes $5 million funding round to grow blockchain staking platform

Kiln completes $5 million funding round to grow blockchain staking platform

05/19/2022
Crypto transaction monitoring platform Merkle Science adds support for 1,200+ ERC-20 tokens

Crypto transaction monitoring platform Merkle Science adds support for 1200+ ERC20 tokens

05/20/2022
Legion Network launches app with crypto wallet, NFTs, play2earn, watch2earn, launchpads, rewards and more

Legion Network launches app with crypto wallet, NFTs, play2earn, watch2earn, launchpads, rewards and more

05/24/2022
TRON network integrated with blockchain infrastructure provider Ankr

TRON network integrated with blockchain infrastructure provider Ankr

05/23/2022
Cosmos creator and co-founder of Tendermint Jae Kwon launches NewTendermint

Cosmos creator and co-founder of Tendermint Jae Kwon launches NewTendermint

05/25/2022
Polygon forms a multi-million dollar fund to assist Terra projects in migrating

Polygon forms a multi-million dollar fund to assist Terra projects in migrating

05/25/2022
Fairmint launches new tokenized equity platform for startups

Fairmint launches new tokenized equity platform for startups

05/25/2022
Japan exchange Coincheck lists SAND, the crypto asset of The Sandbox metaverse

Japan exchange Coincheck lists SAND, the crypto asset of The Sandbox metaverse

05/24/2022
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

Go to mobile version