ChainCatcher news, according to data from RootData, the Prosper token (PROS) has increased by 106.03% in the last 24 hours, currently priced at $0.56.Additionally, the Web3 asset data platform RootData shows that Prosper is a non-custodial cross-chain prediction market and hedging platform. Prosper is developing a unique on-chain liquidity aggregation technology to address issues in the prediction market landscape.Previous news, Animoca Brands plans to acquire more PROS tokens from the open market.

ChainCatcher news, according to Grayscale Research, given the increasing distrust in the media, Grayscale Research believes that prediction markets leveraging the transparency and record-keeping capabilities of blockchain technology, market incentives, and the collective intelligence of users have the potential to become a "source of truth."Decision-makers often need timely and accurate information, but according to a recent poll, trust in the media in the U.S. is currently at its lowest point in the past 50 years. With the increasing cases of misinformation, nearly three-quarters of American adults believe that news media has fueled political polarization, and nearly half express little trust in the media's ability to report news fairly and accurately.Over the past two decades, technological and economic incentives have reshaped the traditional media landscape, and decision-makers seem to be searching for alternatives. Grayscale Research believes that prediction markets can be part of the solution, especially those that harness the power of blockchain technology.

According to ChainCatcher news, the latest report released by market research firm Grand View Research indicates that the global market size for blockchain-based messaging applications is expected to reach $536.5 million by 2030. It is reported that in 2021, the market valuation for blockchain messaging applications was approximately $22.2 million, with the North American market dominating; the report predicts that the Asia-Pacific region will experience rapid growth in the blockchain messaging application market.The report emphasizes that the increasing concern for privacy and security among users is the main reason for their choice to adopt blockchain-based messaging applications. (Source link)

ChainCatcher news, the decentralized sports prediction market Frontrunner developed based on Injective has completed a $4.75 million seed round financing, led by Susquehanna Private Equity Investments, with participation from SOMA Capital, Toy Ventures, Ledger Prime, and WAGMI Ventures. (source link)