AI hedge fund Numerai wins backing from top university endowments, token soars
PositiveCryptocurrency

- Numerai's NMR token experienced a significant increase of over 40% after the hedge fund secured funding from major university endowments, elevating its valuation to $500 million.
- This development highlights the growing interest and confidence in Numerai's innovative approach to hedge fund management, potentially attracting further investments and enhancing its market position in the cryptocurrency sector.
— via World Pulse Now AI Editorial System
