Ethereum co-founder Vitalik Buterin has unveiled a new concept called “info finance,” a framework that leverages blockchain and artificial intelligence to capture, validate, and share factual insights across various sectors. This innovative approach aims to create a more reliable, decentralized way to aggregate and distribute information.
In a recent blog post titled “From Prediction Markets to Info Finance,” Buterin explains that info finance would begin with a specific fact or insight the market wants to know, followed by the design of a system to gather that information optimally from market participants. Essentially, info finance would function as a marketplace where participants can make predictions, share knowledge, and be rewarded for accurate information.
Prediction markets, which allow users to bet on future outcomes, are a key part of Buterin’s vision for info finance. He pointed to platforms like Polymarket, where users make bets that generate data-based insights, as an example. These platforms can offer the public a clear sense of expectations about future events, independent of media bias or sensationalism.
Buterin describes info finance as a “three-sided market” where bettors make predictions, readers consume the predictions, and the system provides data on potential outcomes as a public resource. By using blockchain to ensure transparency and incorporating AI to enhance prediction quality, info finance could become a powerful tool for collecting insights at a low cost. According to Buterin, blockchain’s scalability and low transaction fees make it an ideal platform for such a framework.
He suggests that AI integration could make high-quality insights affordable, even in low-volume markets. “AI changes that equation completely,” Buterin noted, “allowing us to get reasonably accurate info even on markets with small budgets.”
Buterin’s proposal comes at a time when Ethereum (ETH) has broken through the $3,000 price barrier, following a 21.67% increase over the past week. The rise in ETH’s price coincides with the U.S. election, which saw a surge in pro-crypto sentiment and renewed investor interest in blockchain technologies.
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