Augur (REP) has grabbed headlines lately with the launch of its highly anticipated prediction market earlier this month.
Meanwhile, Bodhi (BOT/BOE), another decentralized application, has been operating on the Qtum mainnet since April 23, 2018.
Bodhi is a DApp that currently runs on the Qtum (QTUM) network, using the QRC20 token BOT and QTUM to run on the Qtum network.
The Bodhi Ethereum DApp is expected be released on the Ethereum network in Q4 2018, according to Bodhi Founder Xiahong Lin in an interview with Bitcoin Magazine.
The Bodhi social network plugin will allow users to create a prediction market directly within a social network and easily share it with their friends to participate.
As with brick-and-mortar industries that are slowly fading away to the globalism of the online world, so too will the traditional prediction market industry have to innovate to keep up with the sheer efficiency, reliability and security that the decentralized prediction markets promise to bring.
The FIFA World Cup 2018 has started with a major blast, with an overall 32 teams formed for the play. The crypto-world supports multiple industries but what keeps it in flames with the current market is the continuous evolving with the changes of the season.
The ideals of social networking and Decentralized Finance (DeFi) are combined in SocialFi. Content producers, influencers, and users seek improved data management, freedom of speech, and the ability to monetize their social media engagement.
For a while now, the established social networks have been steadily cracking down on groups of users they find to be problematic, sending many people to look for alternatives where they can ensure their voice is heard.
Minds, Inc. , a crypto social network, has raised US$6 million in a Series A investment from Medici Ventures, the wholly-owned blockchain subsidiary of Overstock. com. Overstock. com’s founder and CEO Patrick Byrne has joined Minds’ board of directors.
Many blockchain use cases exist today, although exploring them all will be a major challenge. In the case of disrupting social media, various projects claim the blockchain will help disrupt these centralized ecosystems once and for all.