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! 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 (@Truemarketsorg) November 19, 2024
X post by Truemarkets
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.
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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.
TVL comparison of Ethereum, Solana and Optimism | Source: crypto.news
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.
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