We’re thrilled to announce the launch of a new task in the Plume Network Testnet: Cultured.
With this new addition you can experience more in-depth workings of Plume’s RWA functionality and this gets especially exciting when Olympics is round the corner while Cultured allows you to speculate on asset’s direction.
Introducing Cultured
Plume x Cultured is an RWA oracle prediction game in which users can predict the future prices of various assets, from forex and equities to cryptocurrencies.
You can bet on asset prices going up or down or on any event outcome, and this aims to create an engaging and interactive way to utilize blockchain technology for RWA!
Key Features of Cultured
High Leverage Speculation
Imagine taking a 50x long position on a Pokémon card. With Cultured, you can do just that. By leveraging data feeds instead of tokenizing every asset, your speculation strategies are simplified.
Composable and Usable Data Feeds
Cultured integrates data feeds related to various assets, from collectibles to commodities. This means you can now interact with and speculate on these assets directly within the Plume ecosystem, making your investment strategies more dynamic and informed.
Crypto-Native Applications
Whether yield farming, trading, or taking out collateralized loans, Cultured ensures real world assets are not just tokenized but also fully functional within decentralized finance (DeFi) applications, making assets work for you in the most efficient way possible.
Here’s a sneak peek of what you can expect to see for testnet. Very simple to get started. Choose your asset, predict the direction, and place your bet!
However, the use case of Plume Cultured expands far beyond that. Cultured rethinks how we use them. You can now bet on sports matches, predict economic trends, or create new tradable indexes by combining multiple data points. Cultured turns your predictions into actionable investments.
User Experience
Cultured is designed to be smart yet user-friendly. Connect your wallet, explore data feeds, and place your bets or positions with simple clicks. The interface is intuitive, ensuring that whether you’re a seasoned trader or a crypto newbie, you can dive right in.
It is perfect to draw an example of this with the upcoming Olympics.
Expanded Use Case: Speculating on the Olympics
The use case of Plume Cultured expands far beyond simple asset speculation. Cultured rethinks how we use real-world data. By combining multiple data points, you can now bet on sports matches, predict economic trends, or even create new tradable indexes.
Cultured turns your predictions into actionable investments.
With the Paris 2024 Olympics approaching, and you believe Country A will dominate in track and field events, you could use Cultured to place a bet on Country A’s overall performance. Based on real-time data feeds, Cultured allows you to predict the number of gold medals Country A will win in specific categories or their overall ranking. Your predictions can then be turned into actionable investments, allowing you to profit from your sports insights.
Similarly, if you think a particular country might underperform due to recent changes in their sports performance or other factors, you can place a short position on their expected medal tally.
Cultured’s sophisticated data integration ensures that your bets are based on the most current and comprehensive information available.
Conclusion
We invite all Goons to participate in testing these new features and provide valuable feedback.
Goons! Board the flight for our testnet campaign and see how easy it is to bet on sports outcomes for the Olympics with Cultured.
About Plume
Plume is the first fully integrated and modular chain focused on RWAfi. We’ve built a composable, scalable ecosystem that supports the seamless onboarding of all types of real world assets, from equities to private credit and beyond. With our end-to-end tokenization engine, over 170 projects are building on Plume’s infrastructure, simplifying compliance and capital management to help projects scale globally.
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