a protocol that pays experts to be honest
Enable appraisals and real-time NFT prices
uses a new field of mechanism design called peer prediction to incentivize people to answer questions honestly.
Here's how it works
People join communities around topics they are interested in or educated about -- like NFTs.
Questions are asked to different communities. Questions can be subjective like appraisals of NFTs ("how much is this CryptoPunk worth?") or can have correct answers like, "did it rain yesterday?"
People answer questions and their answers are compared to others’. A new mutual information measure pays people for honest answers”.
With this, individuals get paid for simply telling the truth about things they care about and people asking questions can have confidence that the answer they get in return is true.
can be used to:
NFT prices in real-time
subjective insurance claims
misinformation on social media
Many apps rely on a notion of ''truth'' to function--but defining truth is either expensive or relies on centralized powers
is a platform that pays people for their honest knowledge and opinions. Unique incentives make Upshot a robust and secure source of truth for a variety of applications.