Prediction market protocol TBD has successfully raised $3 million in a seed funding round co-led by CMT Digital and ParaFi. The funding round also saw participation from Jump Crypto, with CMT and ParaFi gaining board observer seats. Previously, TBD completed an $800,000 angel round with contributions from Solana co-founder Raj Gokal.
TBD, founded by former dYdX team members, operates on the Solana blockchain and focuses on validating human opinion through prediction markets. The protocol employs World ID for authentication to ensure participants are real humans, while allowing open prediction trading. Users can bet on opinion poll outcomes and earn USDC rewards. Following a private testing phase that recorded over 19 million votes, TBD has officially launched.
Prediction Market Protocol TBD Secures $3M in Seed Funding
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