Numerai has raised $3 million in a recent sale of NMR led by Union Square Ventures and Placeholder with CoinFund and Dragonfly Capital. Numerai’s Founder Richard Craib also participated.
“Richard and the Numerai team have built an exceptional platform over the past few years and the latest initiative, the Erasure protocol, is already generating valuable information and insights within its trustless marketplace”, says Alex Felix, Managing Partner at CoinFund.
“Enabling new markets and giving market access to more people are the killer apps of crypto, and we’re excited by the progress Numerai is making in both of these areas with the launch of Erasure Bay,” said Tom Schmidt of Dragonfly Capital Partners.
Read more at The Block, CoinDesk and ChainNews:
Recently, the Erasure protocol saw its total value locked increase by over 18%, the most of any project tracked by DeFi Pulse:
As recently reported in The Street, Flipside Crypto’s Fundamental Crypto Asset Score (FCAS) for NMR grew significantly during May, receiving an “A Grade”.
Flipside’s FCAS is a comparative metric used to assess the fundamental health of crypto projects, providing institutions with a means to track important information on different digital assets.
Since the previous update, the Numerai team has been hard at work improving the Erasure Bay frontend to make requesting information even easier.
Keep your eyes on the Erasure Bay website as it evolves, and remember to let Jonathan know if you have any feedback or suggestions!
Numerai data scientist Mike Phillips was quoted in a recent post by neptune.ai about best practices used by 41 different ML startups.
On Pandas and Scitkit-learn, Mike said:
“Modern Python libraries like Pandas and Scikit-learn have 99% of the tools that an ML team needs to excel. Though simple, these tools have extraordinary power in the hands of an experienced data scientist.”
Total value locked is equivalent to:
NMR locked:
The talented data scientists at Omni Analytics Group updated their Erasure Bay analysis infographic:
Notable takeaway: most numbers have roughly doubled in the past month!
Check out the whole graphic on Twitter.
Erasure Bay saw 49 new requests in May. Here are some of the highlights:
📊 Get published (open)
🔢 Updated infographics (closed)
🎶 Beauty (closed)
👨🔬 User research (closed)
💻 Software engineering (open)
💟 Hiring (closed)
The next Erasure Bay Office Hours will be announced soon. Join the call to ask questions, give feedback, or make feature requests!
In the last office hours, we received a development update on the then-recently released Reveals feature, thoughts on allowing multiple people to fund a single request, and Jonathan invited everyone to slide into his DMs with any feedback on the Erasure Bay user experience.
Be on the lookout for the upcoming recap.