
Ethereum’s Vitalik Buterin proposes “info finance” as a pioneering framework to harness blockchain and AI for factual insights.
Ethereum co-founder Vitalik Buterin has introduced “info finance,” a new concept aimed at transforming how information is captured, validated and shared across multiple sectors.
In his recent blog post, “From Prediction Markets to Info Finance,” Buterin explores how blockchain technology could help aggregate, organize and distribute insights more effectively.
According to Buterin, “Info finance is a discipline where you (i) start from a fact that you want to know, and then (ii) deliberately design a market to optimally elicit that information from market participants.”
According to the current Polymarket 2024 US election odds, former President Trump is favored to win all six US swing states.
Spokespeople for Polymarket claim to have identified the whale responsible for $28 million in pro-Trump trading positions as one unnamed French citizen with a seasoned background in finance and trading.
According to a piece in The New York Times DealBook, company representatives told the outlet that four separate accounts — Fredi9999, Theo4, PrincessCaro and Michie — belong to the trader.
Company spokespeople also said they found no evidence of market manipulation during the investigation, noting that the trader intentionally spread his bets across smaller positions to avoid moving the market erratically.
As markets continue to evolve and integrate with Web3 — from DeFi to gaming — we're likely to see an explosion of creativity.
In 2024, the blockchain world is at a turning point. Although big institutions are starting to see the value in this technology, blockchain-native prediction markets are emerging as the game-changing crossover "killer app."
The most exciting part is how these markets can provide accessible, relevant information about current events to everyone. This shift lets people tap into the “wisdom of the crowd” and play a role in shaping our understanding of what’s to come.
In the book "Superforecasting," the authors suggest that some people have a natural talent for making accurate predictions. And with Web3 — which is intended to return value in the Internet experience to the users, it’s now possible to recognize and reward these "superforecasters" with crypto incentives.
Buterin says prediction markets are better for settling beef, but Elon Musk says he’s packing historical heat.
Ethereum co-founder Vitalik Buterin recently raised some eyebrows on social media after offering his soft support for Google’s automatic sign-in feature. But his post on dueling to the death received a lot more attention.
Buterin’s platform of choice appears to be Farcaster, where he interacts with other users on a variety of topics. In mid-August, the popular developer hosted what he referred to as an impromptu “AMA” (ask me anything), during which the topic of third-party authentication services, such as Google Sign-in, was brought up.
At the time, Buterin expressed concern over the implications of “normalizing” the idea of using services such as “sign in with Google” in the cryptocurrency and blockchain industries. “I think that’s really bad,” he wrote. However, he followed up by describing a scenario where sign-in services could serve as bridges to secure systems via under-the-hood account abstraction.