crypto.news
Truemarkets raises $4.03M through an NFT sale as Ethereum co-founder Vitalik Buterin buys 400 NFTs worth $107,000.
Truemarkets, the decentralized prediction platform, raised the amount by selling 15,071 Non-Fungible Tokens during its public sale. The NFTs were priced at 0.08 Ethereum (ETH), which is equivalent to about $250 each. One of the buyers was ETH co-founder Vitalik Buterin, who scooped 400 NFTs worth 32 ETH, which is roughly $107,000.
We are beyond thrilled and humbled to welcome Patron @VitalikButerin!
— Truemarkets (@Truemarketsorg) November 19, 2024
Vitalik is a true inspiration who holds a high bar for the projects he chooses to participate in.
His participation means the world to us ❤️
Here's to a bright future for the entire ETH ecosystem!🫡🔮 pic.twitter.com/GoPi0NlKdH
Truemarkets introduced two main NFTs-Oracle Patron NFT and Truth Seeker NFTs. Oracle Patron NFT holders will be able to claim 2,666.67 TRUE tokens during the upcoming token launch event. Truemarkets’ tokenomics will allocate 40.3% of its total 100 million TRUE token supply to the Patron NFT holders.
The sold-out Oracle Patron NFT sale showcases the growing interest in prediction markets within the crypto community. It hypothesizes it would follow the same success as Polymarket, which played a crucial role in predicting the U.S. 2024 elections. Truemarkets enable users to bet on real-world events, applying both AI and human oracles for market creation around news and entertainment content.
The NFT sale not only brought in substantial funding but also highlighted how prediction markets can integrate blockchain technology with real-life cases. Truemarkets has now established itself as an important contender in this new area. Pro tem, Ethereum chain, which buttresses Truemarkets’ NFTs, has been doing well, trading at $3,331.21 with a 76.06% uptick in its 24-hour trading volume.
In addition, dApp activity at the Ethereum network also jumped 38% with $3.936B transactions, driven by NFTs and EIP-4844, an Ethereum network upgrade focused on scalability.
With a strong beginning and support from prominent figures like Buterin, Truemarkets seems ready to launch its TRUE token and advance its work in decentralized prediction platforms.