Enlivex plans to raise $212 million to establish the Rain token treasury

ChainCatcher news, according to The Block, Nasdaq-listed company Enlivex plans to raise $212 million to establish the Rain token treasury. The company stated it will become the first DAT company built on a prediction market token.

Rain is a decentralized prediction market protocol on the Arbitrum network, allowing anyone to create markets and trade custom options on any event in any language. Outcomes are resolved by artificial intelligence, and there is a buyback and burn mechanism linked to the RAIN token.