Fore Protocol
  • 🌎FORE Protocol
  • 🗒️Whitepaper
    • The FORE Mission
    • Predictions Markets
      • What Are Predictions Markets?
      • Centralization: What's The Problem?
      • Decentralization: The Solution
        • Transparency
        • Market-Determined Odds
        • Zero Counterparty Risk
        • Redistribution of Fees
        • Infinitely-Scalable Oracle
    • How FORE Works
      • What is FORE Protocol?
      • Key Technology
        • Blockchain Infrastructure
        • Peer-To-Peer Technology
        • NFT Market Structure
      • Market Structure
      • Protocol Roles
        • Creators
        • Players
        • Analysts
        • Dispute Resolution
      • Protocol Lifecycle
        • Creation Phase
        • Participation Phase
        • Verification Phase
        • Dispute Phase
        • Resolution Phase
      • Payout Logic
      • Incentive Model
      • Validation Model
        • Validation Process
        • Rewards And Power
        • Reward Tiers
      • Gamification Strategy
        • Tiered NFTs
        • Leaderboards
        • Play-To-Earn Badges
    • FORE Tokenomics
      • FORE Token
      • Token Utility
      • Deflationary Dynamics
      • Supply Dynamics
      • Contract Address
    • Business Model
      • Business Revenue Model
        • Protocol Fees
        • NFT Royalties
      • Go-To-Market
        • User Acquisition
        • Target Audiences
        • Go-To-Market Strategy
          • Phase One
          • Phase Two
          • Phase Three
          • Phase Four
          • Phase Five
      • Future Solutions
        • FORE Predict
        • FORE Oracle
        • FORE Audit
        • FORE Sight
        • FORE Resource
    • The FORE Roadmap
    • Afterword
  • 🧑‍💻How-to Guides
    • Guide to Getting Started
      • Add Arbitrum to Metamask
      • Purchase ETH on Arbitrum for gas fees
      • Purchase FORE to use on FORE Predict
    • How to Use FORE Predict
    • How to Connect your Wallet
    • How to Create a Market
    • How to Take a Position in a Market
    • How to Validate a Market
    • How to Vote with your Analyst NFT
    • How to Mint / Buy / Sell NFTs
    • How to Dispute A Market
    • How to Claim your FORE Rewards
    • How to View your Activity on FORE
  • 🤓FORE Predict Pro
    • Ultimate Analyst
      • How to become a validator
      • How to maximize your earnings
      • How to become the ultimate validator
    • Ultimate Player
      • How to become a player
      • How to maximize your earnings as a player
    • Ultimate Creator
      • How to become a market creator
      • How to market your markets
      • How to maximize your earnings as creator
  • 🔐Access
    • Regional Restriction
    • Terms and Conditions
  • 📖Documentation
    • About
    • Glossary
    • Protocol Roles
      • Creators
        • Creator NFT (mNFT)
      • Players
      • Analysts
        • Analyst NFT (vNFT)
      • Dispute Resolution
      • High Guard
      • FORE Markets
        • Market Types
        • Payout Logic
        • Protocol Rewards
    • Market Phases
      • Creation Phase
      • Participation Phase
      • Validation Phase
      • Dispute Phase
      • Resolution Phase
    • Protocol Phase
      • Player Rewards
      • Infrastructure Rewards
      • NFT Tiers
    • NFT Marketplace
    • Config
      • Protocol Config
      • Market Config
    • Developers
      • Addresses and Config
      • Smart Contracts
        • ForeMarkets (Factory)
        • ForeMarket
        • Protocol Config
        • MarketConfig
        • ForeAnalysts
        • ForeToken
      • IPFS
        • Verifier NFT Metadata Format
        • Market NFT Metadata Format
        • Market Object Format
        • Base58 <->Bytes32
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On this page
  1. Whitepaper
  2. Predictions Markets
  3. Decentralization: The Solution

Infinitely-Scalable Oracle

The current prediction landscape lacks a truly scalable oracle, reliant instead upon a fragmented marketplace of APIs and data providers for various sectors and outcomes. In FORE Protocol’s proprietary NFT validation model, a decentralized network of validators (or "analysts") perform the role of oracle by uploading the results from real-world events to the protocol. They act as the market's 'architects' and are responsible for verifying that a given outcome is accurate and ensuring that all payouts are correctly executed. In doing so, the protocol can “index” real-world outcomes on any real-world event (in much the same way Google indexes real-world information) to create an infinitely scalable predictions protocol.

"We initially set out to offer preferable odds to users by using machine learning and analytics to come up with better pricing. But what we quickly realized was that the core problem was actually centralization, not just pricing. So, we pivoted to create the best peer-to-peer, decentralized prediction ecosystem - one that would not only provide better arbitrage opportunities, but one that would distribute rewards to users that traditionally would have gone to centralized entities."

Merv Merzoug, CEO + CO-Founder

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Last updated 2 years ago

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