Numeraire (NMR) is the native cryptocurrency of the Numerai platform, a unique decentralised hedge fund that leverages artificial intelligence and innovative data science techniques. Launched in 2017 by Numerai, a San Francisco-based hedge fund founded by Richard Craib, Numeraire aims to revolutionize the data science landscape by creating a collaborative ecosystem for data scientists. The platform hosts data science tournaments where participants can develop predictive models to improve investment strategies. Numeraire is used to incentivize and reward participants for submitting successful models. Its key characteristic is the integration of cryptographic methods and game-theoretic approaches to ensure data integrity and create an incentive structure that aligns the interests of data scientists with those of the hedge fund.