Numeraire

About Numeraire

Numeraire (NMR) is an Ethereum-based cryptocurrency powering the Numerai hedge fund platform, a data science competition network built around crowdsourced financial predictions. What makes it unique is its use of data staking, where participants stake NMR tokens on their machine learning models to signal confidence in their predictions, with rewards or penalties tied to real-world performance. This creates a tournament-driven ecosystem where data scientists compete to build better stock market models. Numeraire blends decentralized incentive mechanisms with quantitative finance, making it one of the more distinctive applications of blockchain technology in the investment industry.