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Prediction market tool Noise completes $7.1 million seed funding, led by Paradigm
【BlockBeats】The prediction market sector has new developments. Noise, a attention market tool focused on building a prediction market information platform, recently announced a funding round—seed funding reached $7.1 million, led by well-known investment firm Paradigm. In addition to Paradigm, institutions such as Figment Capital, Anagram, GSR, JPEG Trading, and KaitoAI also participated in this round of financing.
From the product progress, Noise’s testnet launched a beta version as early as May last year, operated in an invitation-only mode. This testing phase attracted over 1,300 active users. Users utilized social media data sources provided by Kaito to place bets and interact on 14 attention markets tracking different cryptocurrency topics. The volume of data indicates the market’s enthusiasm for prediction market products and also validates the potential of this track.