Engineering decentralized markets for untapped information
Our vision
The failures of information goods
Information goods, unlike others, have unique properties that often lead to market failure, such as their non-rivalrous nature, high production costs, and low reproduction costs. Our approach using decentralization, game theory, and modern cryptography aims at overcoming these limitations to let markets of untapped information thrive.
Untapped valuable information is often exchanged within informal trust networks of acquaintances. This strongly hinders its propagation, meaning that it may not reach the actors with the capability to exploit the opportunity it offers. For instance, if someone knows of an untapped opportunity (still unknown real-estate opportunity for example) but does not have any connections with the capacity to take advantage of it, the opportunity may be lost.
Engineering design for incentive-compliant mechanisms
We understand that creating expansive, permissionless, and positive-sum protocols requires designing incentive-compliant mechanisms. The field of crypto currently lacks methods and tools to devise, study, and optimize mechanisms. Our team has developed a systematic methodology for designing sustainable incentive-compliant decentralized mechanisms, drawing upon the engineering design tools and techniques used in the aerospace industry.
Modern cryptography for trustless-based interactions
Advanced encryption schemes are necessary to enable information to flow securely and exclusively between participants within decentralized and incentive-compliant mechanisms. We believe the use of these schemes in a decentralized system can eliminate the need for trust in the trade of valuable information, thus changing how people behave and share public and private information in their daily lives.
Empowering a decentralized future
We believe that unstoppable and valuable large-scale marketplaces can emerge around the exchange of valuable information that were not possible before the advent of decentralization and the modern cryptography advancements. Our team of committed engineers and researchers are dedicated to creating and launching innovative and increasingly decentralized products that address complex challenges around untapped opportunities offered by information markets.
Archive
Here are the applications we have designed, built, and launched over the years.
Information Management
Murmur explored how a market for untapped information could work. The applications below were developed as building blocks along the way. Read about the building block approach.

Murmur
A decentralized platform for the exchange of untapped information, rewarding alpha hunters for sharing insights before they became public.
Sunset
Capture The Alpha
An on-chain reputation game on Arbitrum where a secret stayed sealed until time or curiosity triggered its reveal.
Retired
The Alpha Factory
A curation market on Polygon that surfaced unique crypto insights through a peer consistency mechanism.
Retired







