predict.fun has achieved a key innovation: the funds users participate with in predictions are no longer idle, but can generate additional income during the prediction period.
Original Title: (Partnering with CZ for reconciliation, dingaling re-launches prediction platform predict.fun)
Original Author: Golem, Odaily Planet Daily
On December 4, Binance founder CZ announced that the new prediction platform predict.fun incubated by YZi Labs will soon launch on the BNB Chain. Unlike traditional prediction markets such as Polymarket and Kalshi, predict.fun has achieved a key innovation: the funds users participate with in predictions are no longer idle, but can generate additional income during the prediction period.
Although the product has not yet officially launched, this mechanism has attracted widespread attention. Its core logic likely integrates a "prediction market + DeFi" model—where the platform intelligently allocates users' prediction funds into DeFi strategies, significantly enhancing capital utilization efficiency. If the DeFi strategy operates robustly, users can not only enjoy the potential returns from predictions but also accumulate continuous earnings, which also provides a buffer against potential losses that predictions may incur. This design is undoubtedly an innovation worth noting in the prediction track.
In addition to officially announcing the investment, CZ also revealed that the project's founder had worked at Binance a few years ago, adding a layer of industry recognition to his background. Interestingly, the founder is none other than the well-known figure in the NFT field, dingaling, whose past experience and community influence have actually dampened many people's expectations for predict.fun.
"Who is dingaling" sparked widespread discussion back in May this year; although his real identity has not yet been exposed to the public, various stories circulating online have already sketched out his image. He is a serial entrepreneur who precisely grasps the crypto wind, a well-known NFT whale, and an employee expelled from Binance due to the mouse warehouse, as well as "CZ's old nemesis."
When Uniswap was on fire, dingaling launched PancakeSwap; when Opensea was popular, dingaling created LooksRare; when pump.fun was making a fortune, he initiated boop.fun hoping to share in the profits; and now, he has his sights set on the big cake of prediction markets.
At the same time, dingaling was also hailed as a god of NFT investment by the community back then. At his peak, dingaling held 113 Bored Ape Yacht Club (BAYC) NFTs, over 70 Azuki NFTs, and he was also an early investor in CryptoKitties, as well as one of the largest investors in NBA Top Shots.
These identities and resumes kept dingaling's name always shining, but what gave dingaling the highest value was still his role as the leader of Binance Research (CRO), at least until boop.fun was scorned by the community and personally destroyed by CZ.
boop.fun ended poorly, dingaling's persona collapsed.
By mid-2025, pump.fun sparked public outrage, and various competitors were eager to move. As a sensitive serial entrepreneur, dingaling launched what he claimed was a revolutionary meme launch platform called boop.fun—given the various halos of his identity, investors were naturally willing to buy in. Its token BOOP's market value soared to 500 million dollars within an hour of going online.
The mechanism of boop.fun was also quite distinctive at the time (dingaling seems to be very adept at mechanism innovation). The core of boop.fun is incentive distribution; as long as meme coins created on the platform are successfully launched, creators and token-holding users can jointly share a daily reward of 1 million BOOP; users who stake BOOP can also proportionally enjoy airdrops of the platform's meme coins and share in transaction fee dividends.
Imagine if a meme coin at the level of 1 billion emerges from the platform, then users who stake BOOP would receive airdrops of meme coins that are also quite valuable. But unfortunately, this daydream did not become a reality.
When boop.fun launched on May 1, the platform created 10,877 meme coins in a single day, surpassing pump.fun. However, it has since declined, and according to Dune data, although boop.fun has not yet "collapsed," only 1 meme coin has been launched in the past 24 hours. The market value of the BOOP token has now dropped to 8 million dollars.
Daily token creation quantity of boop.fun
The entire incentive flywheel of boop.fun is predicated on the active creation of meme coins by the platform, but if the "token issuance group" does not launch meme coins or the entire meme coin market is sluggish, boop.fun will naturally collapse. However, this collapse came too quickly; perhaps besides dingaling himself, no one made money from BOOP.
At this time, the persona of dingaling was personally destroyed by CZ. On May 5th, a KOL complained that dingaling was promoting his project under the banner of the former CRO of Binance, but the founder of Binance, CZ, replied, "Only former employees who were expelled from Binance for the mouse warehouse have no CRO."
After CZ's sudden revelation about dingaling, the community investigation found that the mouse warehouse incident mentioned by CZ was likely referring to dingaling buying a bunch of CAKE after founding PancakeSwap, yet still demanding a share of PancakeSwap's profits from CZ, which ultimately caused anger from CZ and Ted Lin (former Binance CGO). The private grievances between the two were thus established. (Related reading: The grievances between dingaling and Binance's CZ)
Faced with CZ's accusations, dingaling did not respond at the time, just stubbornly kept the title of former CRO of Binance in his bio (which has now changed to former head of research at Binance).
But the community has completely demystified dingaling; the so-called serial entrepreneur is nothing more than a "high-level speculator" who only copies products and makes money in the wind. The so-called former CRO of Binance is just an employee with a professional stain due to being expelled for the mouse warehouse.
What right do you have to cut us?
Old foes reconcile, become the pigs on the wind together?
On November 25th, dingaling stated that he would retreat to the background of the boop.fun platform as an advisor, while another partner would lead the project forward. It was thought he wanted to retreat, but unexpectedly, he turned to dive into the next wind—prediction markets, making the final cut with boop.fun.
What is most astonishing is that this time dingaling is partnering with none other than his former nemesis CZ, who once publicly slandered him. Perhaps the two have long since reconciled in private, or perhaps it proves that famous saying—there are no eternal friends, only eternal interests.
Although CZ's tweet stated "disclaimer," under the wind of prediction markets, YZiLabs (or CZ) cannot afford to lose this ticket; they need a trader who knows how to dance in the wind; while dingaling needs a giant who can endorse him and open the flow gate for him.
Under common interests, the two shook hands and decided to become the pigs on the wind. Those past stories about the mouse warehouse, the investors' outrage when boop.fun collapsed, have now become nothing more than a grain of dust, crushed at the table of interests, amidst clinking glasses.
This article is reproduced with permission from Odaily Planet Daily.
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