Discover Truemarkets: The Game-Changing Base L2 Sibling of Polymarket Launches Now!

Truemarkets Launches with $4 Million in Funding

Truemarkets,a new decentralized prediction market platform,has officially launched. Built on the Base Layer 2 blockchain, it raised over $4 million through a public NFT sale in November 2024. Notably, Vitalik Buterin purchased 400 NFTs.

truemarkets operates similarly too Polymarket. It aggregates real-time headlines on various topics, such as politics and pop culture, bringing real-world data to the blockchain. Users can bet on event outcomes, reflecting public sentiment.

To encourage participation, Truemarkets rewards accurate predictions. It creates a trading market where users buy and sell “YES” and “NO” tokens for each forecast. Token prices fluctuate based on market belief. After an event, correct tokens can be redeemed for $1 each, while incorrect ones become worthless.

The platform’s launch follows a triumphant NFT sale of 15,071 Oracle patron NFTs at 0.08 ETH each. Patron NFT holders will receive 40.03% of the 100 million TRUE token supply in an upcoming airdrop. TRUE functions solely as a governance token.

For more details, visit the truemarkets blog.