Truemarkets, Endorsed By Vitalik Buterin, Launches AI-Powered Prediction Markets On Ethereum & Base

Truemarkets, the decentralized prediction markets platform, has officially launched today. The platform is based in New York and led by its well-known Project Lead, Milli. Truemarkets now operates with its native token, $TRUE. 

The project is built on Ethereum and Base. It first caught public attention when Ethereum co-founder Vitalik Buterin showed interest. 

Buterin’s participation sparked a lot of momentum last year. Although his involvement was informal, it helped bring notice to the platform.

NFT Sale Success and Public Response

The public NFT sale was a major success for Truemarkets. During the sale, Vitalik Buterin bought 400 Patron NFTs, valued at 32 ETH. His purchase highlighted the growing interest in the platform. The sale raised over $4 million. 

This strong performance led to 3,300 Patron NFTs selling out in less than 24 hours. In total, the company sold 15,071 Oracle Patron NFTs at 0.08 ETH each. These funds helped solidify the platform’s launch and build its community.

Functionality and Market Approach

Truemarkets works much like Polymarket. It aggregates breaking headlines from politics, pop culture, and other topics in real time. The platform brings real-world data onto the blockchain. 

Users can bet on several events. This allows them to express their views on future events. The market also reflects current public sentiment. The platform integrates AI-driven mechanisms to improve accuracy and reduce bias. 

It uses an on-chain settlement system through Uniswap V3. This ensures that all transactions are transparent and decentralized.

Also Read: Vitalik Buterin Calls for Advanced Wallet Security to Address Both Crypto Theft and Accidental Crypto Loss

Innovative Features and Vision

Truemarkets is adding hundreds of markets across different subjects. The platform plans to update and add new markets daily. This dynamic approach aims to make Truemarkets the leading source of information on Base.

The project is designed to serve as an Oracle, connecting real-world data with the on-chain ecosystem. Its unique economic model seeks to enhance market efficiency. 

The use of automated intelligence sets it apart from traditional prediction markets. This blend of human speculation and machine-driven insights aims to boost reliability. The platform covers a broad range of predictions, including market trends beyond just cryptocurrencies.

Community and Industry Support

Truemarkets has earned support from early backers known as Patrons and attestors. The project team expressed gratitude toward these community members. 

A special thank you was given to Vitalik Buterin. His writings on “Info Finance” in prediction markets inspired many ideas behind the platform. 

The launch of Truemarkets marks a significant milestone in the prediction markets space. The project brings real-time data, AI enhancements, and a robust economic model to users.

Also Read: Polymarket Odds for U.S. BTC Reserve Surge From 42% To 63% As Market Reacts To Trump’s Announcement