Opinion Labs has successfully closed a $5 million seed funding round, with YZi Labs leading the investment. The round also saw participation from notable investors including Animoca Ventures, Echo Dot, Manifold Trading, and Amber Group. The funding aims to enhance decentralized prediction markets and leverage data-driven insights for real-time sentiment analysis, which can be transformed into financial opportunities. Animoca Ventures expressed its support for Opinion Labs, highlighting the potential for redefining prediction markets through the use of Monad's high-speed, low-cost Layer 1 technology. This initiative is expected to improve risk hedging and decision-making in the Web3 space.
Decentralized prediction and opinion markets @opinionlabsxyz raised $5M in a Seed funding round led by @yzilabs, with participation from @echodotxyz, @AnimocaVentures, @ManifoldTrading, @ambergroup_io. https://t.co/qUSuBQhBeI https://t.co/F4ojjcJjQy
Congratulations @opinionlabsxyz , building the Prediction Market for Everything. LFG! https://t.co/m6OD9mqSqk
Opinion Labs $5M Seed Round led by YZi Labs ⚡️ 📑 About: @Opinionlabsxyz develops dynamic prediction markets to measure and value opinions in social networks. 🤝 Investors: @Yzilabs (Lead), @AnimocaVentures, @ManifoldTrading, @Ambergroup_io, and @echodotxyz. 👉… https://t.co/d4YH4aypPf