‘DeFi hedge fund’ outperforms the market leveraging AI, expands offering
When asked about wealth inequality, few can say they clearly understand how severe this gap is. For a more precise visual, consider that Elon Musk, reportedly the richest man on Earth, has a network that exceeds the gross domestic products (GDPs) of countries like Portugal, Pakistan and Finland.
According to the UN, even a small fraction of his wealth, $6 billion, would save at the very least 42 million people who are on the brink of salvation. Although Musk is just one example, his wealth indicates one thing, a very extreme wealth gap that currently exists, leading many to wonder about the reasons for this.
For one, the aphorism “the rich get richer, and the poor get poorer” often comes to mind. With access to sophisticated financial tools and other professional help, the rich often have an advantage in growing their existing profits. Unfortunately, these same tools are not readily available for the lower classes, illustrating just one of the reasons the wealthy get wealthier.
The cryptocurrency industry aims to level the playing field with fully decentralized organizations lowering any remaining barriers to entry. One of these projects is SingularityDAO, a platform that creates a new type of economy with some of the world’s more advanced decentralized artificial intelligence. The team has since released DynaSets.
“Currently available sophisticated financial tools are only accessible to the elite top 1%, further widening the wealth gap between the rich and the poor. Our mission is to make cutting-edge AI technology available through our DynaSets. The first three months of testing have been extremely promising. We managed to outperform the market by nearly 20%, and we can’t wait to share this amazing technology with as many
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