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Numerai Announces $1M Strategic Buyback of NMR
Numerai, the decentralized hedge fund powered by crowdsourced machine learning, has announced plans to buy back $1 million worth of its token, Numeraire (NMR), from the open market. The move reflects the company’s continued investment in its staking ecosystem and commitment to its participants.
Over the past year, Numerai has more than doubled its assets under management (AUM), growing from approximately $173 million to over $441 million. The fund now trades over $1 billion per month across 30 global markets, relying on machine learning models crowdsourced from a network of data scientists who stake NMR on their predictions.
The company’s Stake-Weighted Meta Model, an ensemble of user models weighted by the amount of NMR staked, has consistently outperformed individual models over the past year. This reinforces Numerai’s incentive-aligned approach to collective intelligence.
Source: cryptopotato.com
