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NODO, a rising prediction market platform, has announced its plans to integrate with MultiversX. MultiversX is a fast, secure, and green blockchain network that operates through 3,000+ nodes and uses sharding for scalability. The news was shared on both platforms’ X accounts.
Nodo is an emerging prediction market platform that uses blockchain to cut out the middlemen and provide open access to event outcome forecasting.
— Multiversᕽ (@MultiversX) October 22, 2024
Expanding on-chain tokenized markets, with MultiversX support currently in development. https://t.co/qCUb8DraZH
NODO to Enhance Prediction Markets with MultiversX Blockchain Integration
NODO is a decentralized platform that allows users to guess the outcome of events and be able to trade on such events without any intermediaries. NODO explains that blockchain technology also makes its prediction markets completely transparent. Thanks to integration with the MultiversX’s infrastructure, these markets will become not only more efficient but also scalable.
In turn, MultiversX’s robust network will enable NODO to expand its on-chain tokenized markets as it develops. This would improve the general usefulness of the NODO platform since faster transactions with higher scalability will be more convenient. Today, the integration has not been completed and the two teams are merely attempting to optimize the system.
NODO, MultiversX Partnership to Improve Efficiency and User Experience
NODO’s partnership with MultiversX is a major milestone for DeFi’s growth. Now it will be easy for NODO to cover its clients with a much more efficient and effective platform for users.
Finally, this integration seeks to offer a better and safer prediction market system through the embracing the power of the block chain. While integrating the aims and functions, the users will be able to expect enriched additional services and the time of transactions within NODO.