TL;DR:
- TBD raised $3 million in a seed round led by CMT Digital and ParaFi, with participation from Jump Crypto, ahead of its public launch.
- The protocol combines surveys verified through World ID with prediction markets on Solana to measure and commercialize real human opinion.
- The private beta generated over 19 million votes from 225,000 unique verified participants and more than 4,000 markets created.
TBD is a prediction markets protocol designed to measure verified human sentiment. The company announced the close of a $3 million seed round and its exit from private beta to the general public. The round was led by CMT Digital and ParaFi Capital, with participation from Jump Crypto.
Prediction markets grew in popularity around elections and sporting events, but TBD targets a different category: markets built on global human opinion. The company was founded by Corey Miller and Taehoon Lee, who previously worked together at dYdX.
TBD Solves the Problem Nobody Had Fully Cracked
The rise of AI-generated content and the proliferation of bots make it increasingly difficult to know what real people think. Sentiment data influences business decisions and public policy, but measuring it accurately on the internet has become a growing challenge. TBD proposes a structural solution: each participant in its surveys must verify themselves as a unique human through World ID, the biometric identity protocol of Worldcoin.
The mechanism works as follows. Individuals and organizations can launch surveys that will be answered exclusively by verified participants. Simultaneously, prediction markets on Solana are created where users can trade on the outcomes.
Uncovering Real Opinions
The system aligns economic incentives around real human opinions, making them measurable and market-oriented. “We are building TBD to discover human sentiment in a way that is digitally native, AI-resistant, and economically sustainable,” said Miller, Co-Founder and CEO of the company.
TBD turns verified human sentiment into a market, something the team considers instrumental as artificial intelligence erodes trust in traditional data sources. From ParaFi, Anjan Vinod, managing director of the firm, noted that the protocol revolutionizes the prediction markets model by integrating surveys and markets into a single onchain workflow, generating a more direct feedback loop between sentiment and capital.
The private beta closed with more than 4,000 markets created and over 19 million votes collected from more than 225,000 unique participants worldwide.
