Numerai (NMR): Incentivizing Stock Market Predictions

Predicting the stock market has long been a guessing game for those who trade equities. Paying attention to signals, analyzing data and taking other steps before making an investment move is always smart, but it still comes with significant uncertainties. These uncertainties expose stock market investors to the risk of financial loss. However, making predictions and executing stock market moves are now enhanced thanks to Numerai.

What Is Numerai?

Numerai is a quant hedge fund that utilizes artificial intelligence (AI) and thousands of machine learning models to make predictions.

Numerai is designed to take stock market investing to a higher level through its advanced features and functionality. It is powered by Ethereum, and it uses crowd-sourced machine learning models as well as AI to support smarter investments. Financial data that is gathered within the platform becomes the focus of a large group of data scientists. These individuals participate in incentivized competitions to solve the identified machine learning problems. The top submissions are then incorporated into the platform’s model for the benefit of traders. The data scientists will be able to earn Numeraire (NMR), the Numerai native token, for their efforts. More recently, these individuals can also derive conclusions from their own data to participate on the platform.

What Is a Hedge Fund?