Ethereum 
$3,164‘s founder, Vitalik Buterin, shared his vision for new crypto use cases regarding prediction markets following the rise of Polymarket. Buterin stated that innovations in this field are included in a broad category called “info finance”.
Info Finance Definition
According to Buterin, info finance is a discipline that begins with the identification of a curious fact and involves consciously designing markets to reveal this information in the best way possible. This approach can be applied to many fields beyond prediction markets, such as social media, science, news and governance.
Current uses of info finance include projects such as advertising, personal tokens, scientific peer reviews and public goods financing. Buterin stated that these projects are currently in the concept phase and will expand in the future.
Future Prospects
Buterin emphasized that the current decade presents a unique opportunity for info finance. Three main drivers of this opportunity include solving trust issues, the use of scalable blockchains, and artificial intelligence increasing market participation.
“Info finance solves the trust problems people face. People’s lack of knowledge about who to trust is a common concern in political, scientific, and business contexts. Info finance applications can be part of the solution.”- Buterin.
Buterin stated that artificial intelligence facilitates participation in markets, making it possible to create effective markets even on small-scale questions. In this way, market volumes may increase rapidly, especially on certain issues.
With the recent decrease in transaction fees, the applicability of these ideas has increased. Buterin stated that these developments play a critical role in realizing the potential of info finance.
Info finance can deliver innovative solutions across a range of sectors by offering a wider range of information collection and evaluation methods. This approach creates important opportunities for restoring trust and improving informed decision-making processes.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
