Numerai

I've yet to see a clever application of AI and blockchains, save for Numerai.

Numerai is probably the only example of tokens in a tokenized network being used as a bootstrap mechanism. It's amazing what you can do when you optimize for growth and not short-term enrichment.

Numerai uses price signaling as an input and machine learning to determine the output of a resource allocation machine that could run the 🌎.

You can't buy Numeraire. It must be earned. Numerai via "Proof of Intelligence." First token with intellectual premium.

Late last year, USV invested in Numerai, a hedge fund that uses data scientists all around the world to “crowdsource” stock price predictions. I blogged a bit about Numerai then.

If that business model wasn’t cutting-edge enough for you, the Numerai team has now gone a step further and issued a crypto-token called Numeraire to incent these data scientists to work together to build the best models instead of just competing with each other.

At scale, Numerai’s fund is exposed to every model and a diversified portfolio without the risk of relying on a single and imperfect model.

Super bullish on tokens that must be staked as part of ML tournaments, like proof-of-human-work. Aside from Numerai, who's doing it well?

What Numerai is doing is extremely exciting. A data science hedge fund with open, encrypted data.

Numerai could drive a market for Bitcoin - pretty compelling use case.