{"id":17217,"date":"2024-09-24T10:25:39","date_gmt":"2024-09-24T07:25:39","guid":{"rendered":"https:\/\/forklog.com\/en\/polymarket-seeks-50-million-funding-and-considers-token-launch\/"},"modified":"2024-09-24T10:25:39","modified_gmt":"2024-09-24T07:25:39","slug":"polymarket-seeks-50-million-funding-and-considers-token-launch","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/polymarket-seeks-50-million-funding-and-considers-token-launch\/","title":{"rendered":"Polymarket Seeks $50 Million Funding and Considers Token Launch"},"content":{"rendered":"<p>The decentralized prediction market platform Polymarket aims to raise $50 million and is contemplating a token issuance, according to <a href=\"https:\/\/www.theinformation.com\/articles\/polymarket-discusses-fresh-funding-amid-election-betting-craze\">The Information<\/a>, citing its own sources.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>\u201cInvestors in this round will receive token-<span data-descr=\"derivative securities granting the right to purchase an asset at a fixed price\" class=\"old_tooltip\">warrants<\/span>, giving them the right to buy coins if Polymarket issues them later,\u201d the publication reports.<\/cite><\/p><\/blockquote>\n<p>According to another source, the platform has not yet made a final decision regarding the launch of a new asset. <\/p>\n<p>The chart below illustrates the cumulative monthly trading volumes of Polymarket:<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/poly-1.webp\" alt=\"poly-1\" class=\"wp-image-241807\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.theblock.co\/data\/decentralized-finance\/prediction-markets-and-betting\/polymarket-cumulative-volume-monthly\">The Block<\/a>.<\/figcaption><\/figure>\n<p>In May, the platform <a href=\"https:\/\/u1f987.com\/en\/news\/institutional-bulletin-polymarket-secures-70-million-humanity-protocol-raises-30-million\">raised $70 million<\/a> in two rounds of funding. The funds were provided by General Catalyst, DragonFly Capital, ParaFi Capital, Vitalik Buterin, and others. <\/p>\n<p>In September, Polymarket was integrated into Bloomberg&#8217;s terminal. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The decentralized prediction market platform Polymarket aims to raise $50 million and is contemplating a token issuance, according to The Information, citing its own sources.<\/p>\n","protected":false},"author":1,"featured_media":17216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1148,1595,1133],"class_list":["post-17217","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-polymarket","tag-prediction-markets","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17217","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=17217"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17217\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/17216"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=17217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=17217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=17217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}