Wods.fun Launches First Permissionless Prediction Market on Base Creating a New Generation of Utility Memes
Gurgaon, India, February 13th, 2025, Chainwire
Gurgaon, India, February 13th, 2025, Chainwire
Wods.fun, (Wolf of Dumb Street) a pioneering permissionless prediction market platform, today announced its launch on Base, Coinbase’s layer 2 network. Following three months of rigorous development and testing, the platform introduces a novel approach to information markets by enabling unrestricted market creation and participation while maintaining market integrity through innovative staking mechanisms.
The launch has generated traction within the Base ecosystem, with community members highlighting the platform’s potential to onboard a new wave of people to the chain. All smart contracts have been deployed on Base and are fully verifiable on-chain, demonstrating the project’s commitment to transparency and security.
The launch comes at a time when traditional prediction markets have reached over $1 billion in trading volume after the last American election yet continue to face challenges with accessibility and global participation. wods.fun addresses these limitations by removing conventional barriers.
Instead of using real money, WODS offers an experimental and engaging approach to the game. Anyone can create and bet on global events with a $WODS token on the platform. wods.fun implements a unique staking mechanism that requires 100,000 $WODS tokens for market creation to maintain accountability.
“Prediction markets have untapped potential as tools for aggregating collective intelligence,” said one of the community leaders for wods.fun.
“The overwhelming support from the community during our development phase has validated our vision of creating a truly permissionless environment where anyone can contribute their insights to information markets.”
Key Features of wods.fun:
- Fully permissionless market creation and participation
- Verifiable smart contracts deployed on Base
- On-chain verification of all market activities
- Integration with Base for high performance and low transaction costs
- Innovative staking mechanism ensuring creator accountability
Rather than adopting a purely serious approach, Wolf of Dumb Street embraces a lighthearted and playful style. Wolf of Dumb Street is a parody and meme on the front, but the team also delivers a real utility designed to organically reduce supply and sustain long-term interest. This approach combines the efficiency of traditional prediction markets with the openness of meme culture.
The platform is now live on Base, allowing users to create and participate in prediction markets across various topics and scenarios.
About wods.fun
wods.fun is a permissionless prediction market platform built on Base that enables permissionless prediction market creation and participation. The platform combines meme and utility that gives users the ability to bet on global events.