Prediction markets are the killer blockchain app we’ve been waiting for
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.
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Author: Brian Trunzo
