Introducing Numeraire
Last year, Numerai proposed a new kind of hedge fund, which allows any data scientist to build machine learning models on our data, and submit predictions to control the capital in our hedge fund.
Today, we are releasing a new money abstraction for Numerai. It begins a new commerce with our data scientists based on long-term alignment not possible with regular money.
It is a new cryptocurrency called Numeraire, and it makes collaboration compatible with self-interest.