What Is Numeraire?

Numéraire is the token that powers Numerai, a hedge fund that crowdsources machine learning to make investments in stock markets around the world.Numeraire NMR, is the native token of Numerai a San Francisco based hedge fund founded in 2015. The Numerai hedge fund is based around a technology platform that obfusticates the fund's trading data before sharing it with a vast community of anonymous data scientists. In 2017, Numerai released a new API that allows people around the world to submit predictions from machine learning models to power our hedge fund.The firm’s trading database uses a form of homomorphic encryption to ensure that the Numerai’s community of data scientists can't see the details of the company's proprietary trades, but allows the data to be organized so that these scientists can build machine learning models that analyze it and make trading predictions. In 2017, Numerai released a new API that allows people around the world to submit predictions from machine learning models to power our hedge fund.