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Numerai (NMR) and Understanding Erasure

by Pragati Shrivastava
, Numerai (NMR) and Understanding Erasure

Making a bet on the crypto or stock market swings is often considered a form of gambling and we all know the only sure thing is death and taxes, right? Well, in this article, we’ll explore how traders can tip the scales in their favor by making a collective gamble. This idea was put forward in a thesis by South African technologist, Richard Craib. He introduced the world to Numerai, the world’s first artificial intelligence hedge fund which uses Numeraire, its newly launched cryptographic token on Ethereum, to incentivize data scientists to improve its artificial intelligence and better the hedge fund.

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