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Writer's pictureJean D

Truemarkets, Market-driven News and Entertainment, Raise $4.03M from 15,071 Patron NFT Sale

Truemarkets

November 21, 2024


Truemarkets, a market-based media platform, has raised over $4 million through a public NFT sale, with Ethereum co-founder Vitalik Buterin among its notable participants. The NFT offering sold out quickly, underscoring interest in decentralized prediction platforms. This success follows the momentum seen in Polymarket, indicating sustained retail enthusiasm for market-driven models.


Truemarkets provides a platform where users can bet on real-world events, utilizing both AI agents and humans as oracles. The project launched its Oracle Patron NFT sale with a total supply of 15,071 units priced at 0.08 ETH each (approximately $250). The NFTs come with additional benefits, including eligibility to claim TRUE tokens during the platform’s upcoming token generation event. Oracle Patron NFT holders are entitled to claim 2,666.67 TRUE tokens each, with 40.3% of the platform’s total token supply allocated to them.


Notably, Buterin acquired 400 Oracle Patron NFTs for a total of 32 ETH, valued at over $107,000. This significant purchase reflects the platform's credibility and appeal to prominent figures in the blockchain space. Truemarkets envisions a future where prediction markets augment media content, providing a market-driven perspective alongside traditional narratives.


About Truemarkets


Truemarkets is a media platform integrating prediction markets to enhance content with data-driven insights. The platform allows users to engage in bets on real-world events, utilizing AI and human oracles to generate predictions. Through its NFT offerings, the project has expanded its ecosystem, incorporating tokenomics to reward participants and enhance platform engagement.


X: @Truemarketsorg


About Investor


Blockchain Capital

Blockchain Capital is a venture capital firm focusing exclusively on investments within the blockchain ecosystem. Headquartered in San Francisco, the firm supports a wide range of projects, aiming to foster growth and innovation across the sector.


Location: San Francisco, California


A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.


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