Numerai is an Ethereum token used to build an artificial intelligence backed hedge fund on the blockchain.
It uses artificial intelligence to crowdsource stock market prediction models from tens of thousands data scientists worldwide. It was founded by Richard Craib, a name in the Forbes "30 under 30" list and funded by big names in the financial field, like the Union Square Ventures. It holds a machine learning tournament, in which users can stake their tokens and submit their AI models toShow more [+] solve a challenge. After the tournament period ends, a fixed prize is distributed among the best performer competitors in descending order based on their tokens staked, until the prize pool ends.
"Erasure" is Numerai's decentralized marketplace for market predictions.