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PancakeSwap Partners with Allora to Create AI-Powered Prediction Markets on Arbitrum

Twitter icon  •  Published för 3 månader sedan  •  Hassan Maishera

The Pancakeswap team announced via X on Thursday that it has partnered with Allora to create an AI-powered prediction market on Arbitrum.

The Pancakeswap team announced via X on Thursday that it has partnered with Allora to create an AI-powered prediction market on Arbitrum. Allora is a decentralized AI network that enables applications to leverage smarter, more secure AI through a self-improving network of ML models.

PancakeSwap will use the Allora Network’s AI price predictions to create a new AI-powered prediction market. With this integration, PancakeSwap users can predict either with or against Allora’s AI's price prediction.

PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is down by 3% today and is currently trading at $3.040.

Arbitrum is a suite of scaling solutions on Ethereum that utilize Optimistic Rollup. It allows users to enjoy faster speed and cheaper transaction costs when interacting with web3 dApps. ARB, the native coin of the Arbitrum network, is down by 1% today and is trading at $1.0955. 

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.