Truemarkets Raises $4M Through an NFT Sale as Ethereum Co-Founder Vitalik Buterin Buys 400 NFTs Worth $107,000

Truemarkets, the decentralized prediction platform, raised the amount by selling 15,071 Non-Fungible Tokens during its public sale.

Decentralized prediction platform Truemarkets has raised $4.03 million through an NFT sale, with Ethereum co-founder Vitalik Buterin purchasing 400 NFTs to the tune of $107,000.

During its public sale, Truemarkets sold 15,071 Non-Fungible Tokens (NFTs) to raise the funds. The NFTs were priced at 0.08 Ethereum (ETH), which is approximately $250 each. Among the buyers was Buterin, who snapped up 400 NFTs for a total of 32 ETH, which is roughly $107,000.

We are beyond thrilled and humbled to welcome Patron @VitalikButerin!

Vitalik is a true inspiration who holds a high bar for the projects he chooses to participate in. His participation means the world to us ❤️

Here's to a bright future for the entire ETH ecosystem!🫡🔮

Truemarkets unveiled two primary NFTs: Oracle Patron NFT and Truth Seeker NFTs. Holders of the Oracle Patron NFT will be entitled to claim 2,666.67 TRUE tokens during the upcoming token launch event. According to Truemarkets’ tokenomics, 40.3% of its total 100 million TRUE token supply will be allocated to Patron NFT holders.

The sell-out Oracle Patron NFT sale is said to highlight the growing interest in prediction markets among the crypto community, with Truemarkets aiming to follow in the footsteps of Polymarket, which played a role in predicting the U.S. 2024 elections.

Powered by both AI and human oracles, Truemarkets enables users to wager on real-world events, facilitating the creation of markets around news and entertainment content. The platform hopes to integrate prediction markets into blockchain technology for real-life applications.

Pro tem, the Ethereum chain, which supports Truemarkets’ NFTs, performed well, trading at $3,331.21 with a 76.06% increase in its 24-hour trading volume.

Moreover, dApp activity on the Ethereum network also saw a 38% jump with $3.936B transactions, driven by NFTs and EIP-4844, an Ethereum network upgrade focused on scalability.

With a strong debut and support from key figures like Buterin, Truemarkets appears poised to launch its TRUE token and further its development in the realm of decentralized prediction platforms.