In a significant development for the blockchain and prediction market industries, Lisk, a leading Layer 2 blockchain focused on emerging markets, has announced a partnership with Soccersm, a decentralized AI prediction markets platform. This collaboration will see Soccersm deploying its AI-assisted prediction markets on the Lisk protocol, marking a notable advancement in decentralized betting technology.
The partnership is set to launch under a beta program, with plans for a full mainnet launch by early Q1 2025. This move positions Lisk as the first project from the Optimism Superchain to introduce a prediction market on its protocol, potentially setting a new standard for decentralized betting platforms.
Soccersm distinguishes itself in the crowded prediction market landscape by integrating artificial intelligence to assist users in making informed betting decisions. The platform offers several innovative features, including P2P Betting (Challenge Pools) and an AI Prediction Agent. These tools allow users to stake against each other on various future events and receive pre-match predictions and recommendations for smarter betting.
With an existing user base of over 65,000, Soccersm’s deployment on Lisk’s protocol is expected to significantly expand its reach within the Optimism Superchain ecosystem. The platform also offers a range of casino games, including the Balls Game, Wheel of Treasures, and Raffles, providing additional entertainment and profit opportunities for users.
Dominic Schwenter, COO of Lisk, emphasized the importance of this partnership, stating, ‘The deployment of Soccersm is a significant step in our evolution.’ He highlighted the platform’s aim to offer a fully decentralized, permissionless alternative to existing prediction markets, allowing users to create and trade without relying on centralized intermediaries.
Baah Kusi, Co-Founder of Soccersm, explained the decision to deploy exclusively on Lisk, citing the protocol’s commitment to building in emerging markets like Africa. This strategic choice aligns with Soccersm’s goal to tap into communities eager for innovative prediction market solutions.
The collaboration between Lisk and Soccersm is expected to drive increased volume and interest in the Lisk ecosystem. It aims to provide better access and assistance for individuals looking to participate in prediction markets, potentially revolutionizing how these markets operate in emerging economies.
This partnership represents a significant step forward in the application of blockchain technology and artificial intelligence in prediction markets. By leveraging Lisk’s cost-efficient and scalable Layer 2 technology, Soccersm can operate efficiently on Ethereum for the first time, opening up new possibilities for real-world applications in emerging markets.
As the blockchain industry continues to evolve, partnerships like this between Lisk and Soccersm demonstrate the potential for innovative solutions to address the needs of underserved markets. The integration of AI-assisted prediction markets on a decentralized platform could pave the way for more accessible and transparent betting systems, potentially disrupting traditional centralized betting models.
The success of this venture could have far-reaching implications for the adoption of blockchain technology in emerging markets, potentially accelerating the growth of decentralized finance (DeFi) and Web3 applications in these regions. As Lisk and Soccersm move towards their full mainnet launch, the industry will be watching closely to see how this AI-assisted prediction market performs and what impact it may have on the broader blockchain ecosystem.
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