Truemarkets raises $4.03 million through nft sale as ethereum co-founder Vitalik Buterin purchases 400 nfts worth $107,000.
True marketsThe decentralized prediction platform increased 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 picked up 400 nfts worth 32 eth, which is roughly equivalent to $107,000.
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https://twitter.com/Truemarketsorg/status/1858911370537754906
Truemarkets introduced two main nfts: Oracle Patron nft and Truth Seeker nft. 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 supply of 100 million TRUE tokens to Patron nft holders.
The Oracle Patron nft sell-out shows the growing interest in prediction markets within the crypto community. Their hypothesis is that it would follow the same success as Polymarket, which played a crucial role in predicting the 2024 US elections. Truemarkets allows users to bet on real-world events, applying both ai and human oracles to market creation in around news and entertainment content.
The <a target="_blank" href="https://dappradar.com/nft-collection/oracle-patron-nft-1″ target=”_blank” rel=”nofollow”>nfts The sale not only generated substantial funding, but also highlighted how prediction markets can integrate blockchain technology with real-life cases. Truemarkets has now established itself as a major competitor in this new area. Pro tem, the ethereum chain, which underpins Truemarkets nfts, has performed well, trading at $3,331.21 with a 76.06% increase in its 24-hour trading volume.
<img loading="lazy" decoding="async" width="1024" height="322" src="https://crypto.news/app/uploads/2024/11/image-41-1024×322.png” alt=”Truemarkets Raises Over $4 Million Through nft Sale as Vitalik Buterin Buys 400 nfts – 1″/>
Additionally, dApp activity on the ethereum network also increased by 38% with transactions of $3.936 million, driven by nft and <a target="_blank" href="https://github.com/ethereum/EIPs/blame/master/EIPS/eip-4844.md” target=”_blank” rel=”nofollow”>EIP-4844an update to the ethereum network focused on scalability.
With a strong start and support from prominent figures like Buterin, Truemarkets appears ready to launch its TRUE token and advance its work on decentralized prediction platforms.
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