Vitalik Buterin Buys 400 NFTs for $107K

Truemarkets raised $4.03 million through an NFT sale, with Ethereum co-founder Vitalik Buterin purchasing 400 NFTs worth $107,000.

Decentralized prediction platform Truemarkets raised the amount by selling 15,071 Non-Fungible Tokens during its public sale. The price of NFTs is set at 0.08 Ethereum (ETH), which is equivalent to approximately $250 each. One of the buyers was ETH co-founder Vitalik Buterin, who collected 400 NFTs worth 32 ETH, or about $107,000.

We are very excited and proud to host Patron @VitalikButerin!

Vitalik is a true inspiration who sets the bar high in the projects he chooses to participate in.

His participation means the world to us ❤️

A bright future for the entire ETH ecosystem!🫡🔮 pic.twitter.com/GoPi0NlKdH

— Truemarkets (@Truemarketsorg) 19 November 2024
X post from Truemarkets

Truemarkets introduced two main NFTs: Oracle Patron NFT and Truth Seeker NFTs. Oracle Patron NFT holders will be able to claim 2,666.67 TRUE tokens during the upcoming token launch event. Truemarkets’ tokenomics will allocate 40.3% of the total supply of 100 million TRUE tokens to Patron NFT holders.
The sold-out Oracle Patron NFT sale shows growing interest in prediction markets within the crypto community. It assumes it will follow the same success as Polymarket, which has played a major role in predicting the US 2024 elections. Truemarkets allows users to bet on real-world events by applying both artificial intelligence and human prophecies to create markets around news and entertainment content.

The NFT sale not only raised significant funding, but also highlighted how prediction markets can integrate blockchain technology with real-life cases. Truemarkets has now established itself as a major competitor in this new space. Pro tem Ethereum chain backing Truemarkets’ NFTs is performing well, trading at $3,331.21, up 76.06% in 24-hour trading volume.

TVL comparison of Ethereum, Solana and Optimism | Source: crypto.news

Additionally, dApp activity on the Ethereum network also increased by 38% with $3.936 billion in transactions, thanks to NFTs and EIP-4844, an Ethereum network upgrade focused on scalability.

With a strong start and support from prominent names like Buterin, Truemarkets looks ready to launch its TRUE token and further its work on decentralized prediction platforms.