Melee, a new start of the prediction market that says the speculation and betting should be open as an online discussion, raised $ 3.5 million from variant, DBA and a group of angel investors to release the so -called “viral market.”
Native crypto folk companies have witnessed the success of the runaway of Polymarket, The digital asset betting platform has grown in popularity in US election campaigns. Other novel projects to appear included ‘forecast market,’ a type of dated futures contracts Launched in Clearmatics’ Autonity Blockchain.
Melee, which allows anyone to easily create a market in anything, sees predicting markets emerging next to the Internet like other types of social networks, following measurements such as media type, graphic graphs, interest graphs, and more, the VC firm variant said in an email.
“We see predicting markets not as a win-take-all market but as a category of burgeoning, such as social networks, where many winners can be. Social networks have once again provided a way for creating and consuming information and media,” Variant said.
“Unlike existing platforms relying on centralized teams or market -producing professionals, Melee uses a pricing mechanism to reward entrepreneurs for early and right,” Variant added.
The design also aims to attract creators. Influencers, podcaster or streamers can open markets tied to their audience’s interests and earn revenue from trading activity without taking reputation risk. A fictional example could be a streamer that launches a market if a release of a blockbuster video game will hit the target date, allowing fans to think directly next to the conversation.
For merchants, the appeal lies asymmetric. Entering a market in advance means lower cost of exposure, and advice increases as more participants join and the outcome becomes clearer.
The project team includes Solana, Avalanche, Monad, Sig, Microsoft and Amazon veterans. The long-term perspective, according to the announcement, is to create a “humanity’s platform for appreciation of beliefs,” in which millions of markets continue to reflect the transfer of cultural sentiment in real time.
