đ Vitalik Buterin is reimagining the future of information.
Vitalikâs latest proposal, âinfo finance,â is about more than just data. Itâs a radical shift in how we might capture, validate, and share factual insights, powered by blockchain and AI. Imagine a world where information is a public goodâtransparent, reliable, and accessible to all.
Hereâs the vision he laid out:
1ď¸âŁ Start with Prediction Markets: Platforms like Polymarket enable users to forecast events, creating a valuable source of crowd-sourced data. As Vitalik puts it, âpredicting the election is just the beginning.â
2ď¸âŁ Integrate Blockchain & AI: This new âinfo financeâ model uses blockchain to ensure transparency and AI to make information gathering efficientâeven with minimal resources. He believes this can provide âreasonably high-quality infoâ at scale.
3ď¸âŁ Incentivize Trustless Data Sharing: With low transaction fees, blockchain makes info finance affordable, while AI rewards participants for accurate predictions. The goal? Restoring public trust through a truly decentralized, trustless system.
And hereâs the kicker: Vitalikâs vision arrives as Ethereum breaks $3,000 for the first time since March. As ETH enters âscarcity mode,â this new concept could amplify its real-world utility beyond financial transactions. đ
Is âinfo financeâ the next frontier for blockchain and AI? đ
Read more @Cointelegraph .
#VitalikButerin #ETHđĽđĽđĽđĽ #CryptoNewss #CryptoNewsđđĽ #Market_Update