Numeraire (NMR)

Numeraire (NMR) is a cryptocurrency designed to incentivize and reward data scientists who participate in Numerai, the hardest data science tournament in the world. Participants in the tournament use machine learning to predict stock market performance. The tournament data is clean and regularized, providing high-quality hedge fund data that can be used immediately. Numerai also provides example scripts and a comprehensive model written in Python to help participants get started.

Besides participating in the tournament and earning NMR as rewards, data scientists can stake their best models with the cryptocurrency. By staking their models, data scientists can earn additional cryptocurrency and build their reputation on the Numerai leaderboard. Through the tournament and staking, over $40 million in NMR has been paid to data scientists. Numerai is backed by prominent investors, including Union Square Ventures, the co-founder of Renaissance, and the co-founder of Coinbase.

Numerai is not just a platform for data science tournaments and cryptocurrency rewards. It also aims to revolutionize the hedge fund industry. Numerai combines thousands of data scientists’ models into a single meta-model to predict the stock market. The platform offers Numerai Signals, a tournament for data scientists with their data. By joining Numerai, data scientists can contribute to building the world’s last hedge fund and be part of a community pushing the boundaries of applying cutting-edge technology to financial markets.