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.
- 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.
