Prediction Market × Web3: From Speculation Game to Truth Engine, Social Media is about to usher in a new revolution

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ABMedia
a day ago
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Social media giant X (formerly Twitter) officially announced on 6/6 a collaboration with decentralized prediction market platform Polymarket, establishing them as their official prediction market partner. This declaration indicates that information will no longer be monopolized by media giants, but instead determined by market mechanisms.

Polymarket stated: "The next information era will not be driven by 20th-century media giants, but will be led by markets. This is a new era optimized for truth, rooted in transparency, and anchored in reality."

This declaration perfectly aligns with Web3's decentralized values and once again propels prediction markets to the forefront of social technology. As AI, blockchain, and social network technologies integrate, prediction markets are transforming from marginal tools to key drivers of news, community, and digital democracy. What does this transformation truly mean?

(X Announces Collaboration with Polymarket as Official Prediction Market Partner)

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From the collaboration between Polymarket and X to the innovative practices of Buzzing Club, it is evident that prediction markets are becoming the new infrastructure of the information industry. In this version of the future, "facts" are no longer determined by editorial offices or authorities, but jointly verified by global users through betting and participation.

Risk Warning

Cryptocurrency investment carries high risks, and its price may fluctuate dramatically. You may lose all of your principal. Please carefully assess the risks.

The Ethereum Foundation (EF) recently officially announced its latest Treasury management policy, clarifying how to flexibly adjust asset allocation while maintaining a long-term commitment to the Ethereum ecosystem. This policy document not only emphasizes financial transparency and robust asset allocation but also further promotes the so-called "Defipunk" vision - combining the Cypherpunk spirit with the principles of decentralized finance (DeFi).

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EF believes that the lack of privacy will make users vulnerable to monitoring and exploitation in market operations, such as encountering "sandwich attacks", liquidation sniping, or data ransoming. The foundation calls on the community and developers to re-examine design standards and avoid temporary designs during rapid growth from becoming long-term limitations.

Defipunk's Practice: From Internal Operations to Protocol Support

EF states that the Defipunk spirit should "start from within", including:

  • Using and contributing to open-source, privacy-protecting tools;

  • Encouraging equal contributions from anonymous and pseudonymous participants;

  • Enhancing the team's skills in cryptographic and decentralized tools.

Additionally, EF has established specific Defipunk assessment standards to screen which protocols are worth supporting, including whether they support permissionless access without KYC, emphasize self-custody, are truly open-source, and have substantial privacy protection functions. EF previously mainly supported Ethereum by holding ETH, but now has gradually shifted towards a more proactive governance and deployment role, including Staking, liquidity provision, and participating in on-chain governance.

This is not just an adjustment of financial strategy, but a redefinition of EF's role as Ethereum's core guardian—protecting not only the Treasury but also its values.

Risk Warning

Cryptocurrency investment carries high risks, and prices may fluctuate dramatically. You may lose all your principal. Please carefully assess the risks.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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