Solana Prediction Protocol 'TBD' Raises $3M in Funding
What happened
TBD, a Solana-based protocol focused on sourcing verified human opinions for prediction markets, has raised $3 million in a new funding round. The project aims to build a platform for capturing and verifying subjective data from individuals. The funding suggests investor interest in novel data-sourcing mechanisms for on-chain prediction and intelligence markets.
Why it matters
- The project was founded by Corey Miller and Taehoon Lee, both of whom previously worked at the decentralized exchange dYdX. - This $3 million seed round was co-led by CMT Digital and ParaFi, with Jump Crypto also participating. It follows an earlier $800,000 angel round which included Solana co-founder Raj Gokal and dYdX founder Antonio Juliano. - TBD’s core mechanism uses World ID to verify that poll participants are unique humans, aiming to provide AI-resistant sentiment data. While voting is gated, the trading of prediction outcomes is open to any user. - The protocol's private beta phase registered significant activity, with over 19 million votes cast by more than 225,000 verified participants across 4,000 created markets. - Unlike other prediction platforms such as Polymarket that focus on broad external events, TBD's markets are exclusively based on the outcomes of its own verified human polls. - As part of the funding deal, co-lead investors CMT Digital and ParaFi will each receive board observer seats, indicating a hands-on role. - The founders aim to create a new market category for human sentiment itself, arguing that authentic opinion is an increasingly scarce and valuable asset in an internet saturated with AI-generated content.
Key numbers
- TBD, a Solana-based protocol focused on sourcing verified human opinions for prediction markets, has raised $3 million in a new funding round.
- This $3 million seed round was co-led by CMT Digital and ParaFi, with Jump Crypto also participating.
- It follows an earlier $800,000 angel round which included Solana co-founder Raj Gokal and dYdX founder Antonio Juliano.
- The protocol's private beta phase registered significant activity, with over 19 million votes cast by more than 225,000 verified participants across 4,000 created markets.
What happens next
- As part of the funding deal, co-lead investors CMT Digital and ParaFi will each receive board observer seats, indicating a hands-on role.
- The founders aim to create a new market category for human sentiment itself, arguing that authentic opinion is an increasingly scarce and valuable asset in an internet saturated with AI-generated content.
- The project aims to build a platform for capturing and verifying subjective data from individuals.
Quick answers
What happened in Solana Prediction Protocol 'TBD' Raises $3M in Funding?
TBD, a Solana-based protocol focused on sourcing verified human opinions for prediction markets, has raised $3 million in a new funding round. The project aims to build a platform for capturing and verifying subjective data from individuals. The funding suggests investor interest in novel data-sourcing mechanisms for on-chain prediction and intelligence markets.
Why does Solana Prediction Protocol 'TBD' Raises $3M in Funding matter?
The project was founded by Corey Miller and Taehoon Lee, both of whom previously worked at the decentralized exchange dYdX. This $3 million seed round was co-led by CMT Digital and ParaFi, with Jump Crypto also participating. It follows an earlier $800,000 angel round which included Solana co-founder Raj Gokal and dYdX founder Antonio Juliano. TBD’s core mechanism uses World ID to verify that poll participants are unique humans, aiming to provide AI-resistant sentiment data. While voting is gated, the trading of prediction outcomes is open to any user. The protocol's private beta phase registered significant activity, with over 19 million votes cast by more than 225,000 verified participants across 4,000 created markets. Unlike other prediction platforms such as Polymarket that focus on broad external events, TBD's markets are exclusively based on the outcomes of its own verified human polls. As part of the funding deal, co-lead investors CMT Digital and ParaFi will each receive board observer seats, indicating a hands-on role. The founders aim to create a new market category for human sentiment itself, arguing that authentic opinion is an increasingly scarce and valuable asset in an internet saturated with AI-generated content.
