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Numerai is a crowd-sourced hedge fund based around AI. The Numeraire token is used to reward data scientists who submit accurate predictions to Numerai.

πŸ”‘ 80%

Reviews for Numerai

πŸ”‘ 12 positive | πŸ’© 3 negative


I've yet to see a clever application of AI and blockchains, save for Numerai.

2018-04-18 | Full Review


Numerai is probably the _only_ example of tokens in a tokenized network being used as a bootstrap mechanism. It's amazing what you can do when you optimize for growth and not short-term enrichment.

Nic Carter, Partner at Castle Island Ventures and Co-creator of Coinmetrics

2018-03-20 | Full Review


Numerai uses price signaling as an input and machine learning to determine the output of a resource allocation machine that could run the 🌎.

2017-07-07 | Full Review


You can't buy Numeraire. It must be earned. Numerai via "Proof of Intelligence." First token with intellectual premium.

Ryan Zurrer, Principal and Venture Partner at Polychain Capital

2017-06-21 | Full Review


Late last year, USV invested in Numerai, a hedge fund that uses data scientists all around the world to β€œcrowdsource” stock price predictions. I blogged a bit about Numerai then.

If that business model wasn’t cutting-edge enough for you, the Numerai team has now gone a step further and issued a crypto-token called Numeraire to incent these data scientists to work together to build the best models instead of just competing with each other.

2017-02-22 | Full Review


At scale, Numerai’s fund is exposed to every model and a diversified portfolio without the risk of relying on a single and imperfect model.

2016-12-12 | Full Review


Super bullish on tokens that must be staked as part of ML tournaments, like proof-of-human-work. Aside from Numerai, who's doing it well?

2017-09-12 | Full Review


What Numerai is doing is extremely exciting. A data science hedge fund with open, encrypted data.

2016-12-13 | Full Review


Numerai could drive a market for Bitcoin - pretty compelling use case.

2016-12-12 | Full Review


I have been following Numerai since last year as well. I just don't see what makes NMR worth 1 billion when Numerai is so small.

Brad Mills, Analyst at Alphabit Digital Currency Fund

2017-06-30 | Full Review


After listening to Patrick OShaughnessy interview Richard Craib, I'm more convinced than ever that Numerai is technically an illegal, unregulated swaps market given the Numeraire staking going on. When they were just paying, it wasn't, but it definitely is now.

2018-09-04 | Full Review


Numerai is crushing it. Their Numeraire token (airdropped, not ico’d) dramatically increased the usage and quality of data sets for their stock market competitions.

2018-08-21 | Full Review


Numerai is one of the first examples I have seen where the clear endgame is a product for AIs.

Fred Ehrsam, Board of Directors at Coinbase, Previous Co-Founder of Coinbase

2016-12-14 | Full Review


Earlier this month, Numerai announced Erasure Quant. I think it has the potential to meaningfully impact how hedge funds work, so it's worth highlighting:

Quant is the first dapp built on Erasure (Numerai's protocol), which will launch later this year. The basic idea is simple: it's a stock picking tournament that allows you to make provable point-in-time stock predictions.

The fact that these are provable (meaning you can demonstrate you made the prediction in advance) is new. This is fucking rad! There is currently no good way to do this.....On that note, Erasure is just the first of many dapps that can be built on Erasure ––and while Numerai has its own hedge fund that will trade based on these signals, eventually this will become an open market for data and predictions.

2019-06-17 | Full Review