Developing a platform for prediction markets Numerai startup raised $11 million during the closed sale of tokens NMR. The funding round was headed by cryptocurrency hedge funds and Placeholder Paradigm Capital, writes CoinDesk.

According to co-founder Fred Aroma Paradigm, Numerai attracted the attention of the confirmed practice of monetization of data. Raised funds for startup will invest in developing a decentralized Erasure platform through which users can directly link cryptococal with the marketplace on the basis of Ethereum.

“Every week, about 1,000 people use tokens NMR, to buy and sell predictions in the marketplace of the project. Now NMR is used to confirm the reputation of users and helps to motivate them to place meaningful predictions. If the predictions are incorrect tokens to burn. With the launch of the Erasure of users selling forecasts to the interested participants of the system will expand”, — said the founder Numerai Richard Crab.

We will remind, in February of 2017 Richard Craib said that the tokens Numerai will help solve fundamental problems facing the world of Finance.