According to Foresight News, the Numeraire (NMR) token, associated with the blockchain project of hedge fund Numerai, has surpassed 20 USDT, currently trading at 20.41 USDT. This marks a 24-hour increase of 19.26%, with its market capitalization exceeding $200 million.

Previously, Foresight News reported that Numerai received a $500 million investment commitment from JPMorgan on August 27. Numeraire is a decentralized blockchain platform designed for data scientists to build predictive models. Participants can compete and earn NMR tokens based on the accuracy of their models.