NMR
NumeraireUSD 15.21
as of 2024-10-15 14:40:02 UTC
What
What is Numeraire (NMR)?
Numeraire (NMR) is a cryptocurrency and platform for building and training predictive models using machine learning algorithms. It was created by Numerai, a hedge fund that uses AI and machine learning to develop predictive models for financial markets.
The Numerai platform allows data scientists to submit machine learning models that can be trained on Numerai's proprietary financial data, without ever having access to the raw data itself. The models are evaluated on their ability to predict future market trends, and those that perform the best are rewarded with NMR tokens.
The NMR token is used to incentivize data scientists to develop high-performing models, as well as to facilitate governance and decision-making on the platform. NMR holders have the ability to vote on proposed changes to the platform and participate in other governance activities.
Numeraire was launched in 2017 as an ERC-20 token on the Ethereum blockchain. Since then, the platform has gained significant traction in the data science and machine learning communities, and has been used to develop predictive models for a range of industries beyond finance.
Why
Why was Numeraire (NMR) invented?
Numeraire (NMR) was created to address the problems of data security and collaboration in the field of machine learning and predictive modeling. Traditional approaches to data sharing and collaboration often require data scientists to share their raw data, which can be risky from a security standpoint and can lead to issues around data privacy and ownership.
The Numerai platform was created as a way to enable data scientists to build and train predictive models using financial data without ever having access to the raw data itself. This approach allows data scientists to collaborate and share knowledge while maintaining the security and privacy of the underlying data.
In addition to addressing the problem of data security and collaboration, Numeraire was also created to incentivize data scientists to develop high-performing predictive models. By rewarding the best-performing models with NMR tokens, Numerai creates a competitive and merit-based system for developing predictive models, which can be used in financial markets and beyond.
Overall, Numeraire was created to enable a more secure, collaborative, and effective approach to machine learning and predictive modeling, which can benefit a wide range of industries beyond finance.
Who
Who created Numeraire (NMR)?
Numeraire (NMR) was created by Numerai, a hedge fund that uses AI and machine learning to develop predictive models for financial markets. Numerai was founded in 2015 by Richard Craib, a South African entrepreneur and data scientist.
Craib recognized the need for a more secure and collaborative approach to data science and machine learning, and saw an opportunity to create a platform that could address this need while also improving the accuracy and efficiency of predictive modeling.
Numerai launched the Numeraire platform and the NMR token in 2017, and has since grown to become a leading platform for collaborative and secure predictive modeling. The platform has been used by thousands of data scientists around the world to develop predictive models for a range of industries beyond finance.
When
When was Numeraire (NMR) launched?
2017-06
Where
Where can you buy/invest in Numeraire (NMR)?