Ethereum co-founder Vitalik Buterin has revealed "info finance," a revolutionary notion. It combines blockchain and artificial intelligence to alter how we acquire and distribute data across sectors.
Buterin just wrote a blog article about how blockchain can improve information aggregation. He describes info finance as creating markets to extract specific data from participants.
Buterin's vision revolves around prediction markets. Polymarket and other platforms allow users to gamble on outcomes, producing important knowledge. Buterin sees this as the beginning, emphasizing their ability to deliver unbiased public expectations.
The concept revolves around a three-sided market:
- Bettors make predictions
- Readers consume them
- The market outputs forecasts as a public good
Buterin believes blockchain's scalability and minimal fees will make these technologies more accessible. He proposes that by incorporating AI, high-quality information can be obtained even from small markets. This method seeks to address industry trust difficulties.
Interestingly, as Buterin presented the concept, Ether's price rose past $3,000, a huge milestone for ETH. has revealed "info finance," a revolutionary concept that combines blockchain and artificial intelligence to alter how we acquire and distribute data across sectors. Buterin just wrote a blog article about how blockchain can improve information aggregation. He describes info finance as creating markets to extract specific data from participants.
Buterin's vision revolves around prediction markets. Polymarket and other platforms allow users to gamble on outcomes, producing important knowledge. Buterin sees this as the beginning, emphasizing their ability to deliver unbiased public expectations.
The concept revolves around a three-sided market:
- Bettors make predictions
- Readers consume them
- The market outputs forecasts as a public good
Buterin believes blockchain's scalability and minimal fees will make these technologies more accessible. He proposes that by incorporating AI, high-quality information can be obtained even from small markets. This method seeks to address industry trust difficulties.
Interestingly, as Buterin presented the concept, Ether's price rose past $3,000, a huge milestone for ETH.
