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This issue is worth pondering.
Trove Markets raised $11.5 million using the concept of prediction markets, but the reality in front of us is: the team members' identities are not disclosed, there is no traditional funding background revealed, and the project itself lacks a track record of reputation. In conventional financing logic, this indeed seems unusual.
How was this achieved? On one hand, the prediction market sector itself is quite popular, with significant commercial imagination around information pricing and risk hedging. On the other hand, current capital has become more tolerant of innovative models, and anonymous teams are no longer necessarily a death sentence for projects. But more deeply, this also reflects a certain change in the internal funding standards—having a concept, a narrative, being able to tell a story can sometimes outweigh the importance of team background and transparency.
This is not a moral issue, nor purely a human nature issue, but a market tilt during a period of rapid change. What is worth being cautious about is how to find a balance between inclusive innovation and risk prevention.
An anonymous team raises this much money, and they really dare to do it now.
A good story can attract funding, but this logic is really dangerous.
Alright, just don't cry when the rug pull happens.