Deep Tide TechFlow News, on August 8th, according to Coindesk, Vega Network, supported by Coinbase Ventures, has entered a major upgrade to enter the prediction market competition. The updates to the Vega blockchain and decentralized perpetual exchange will allow users to bet on the outcomes of future events, similar to current token price betting. Vega uses the Cosmos network infrastructure and is one of the crypto platforms focused on perpetual futures.

Vega's new features expand its DEX application into a prediction market, providing an open framework. Users can trade assets as usual, with some assets used as prediction bets. In comparison, Polymarket is an independent application based on the Polygon blockchain, offering a betting interface similar to a casino style. Barney Mannerings, the founder of Vega, stated that Vega's protocol development and primitive construction will support users in launching custom products, and even introduce sports and news content. Despite critics, Vega's upgrade demonstrates people's enthusiasm for blockchain prediction markets, which could become a breakthrough use case for this technology.

Coinbase-supported Vega Network Joins Prediction Market Competition