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

According to The Block, Nasdaq-listed company Enlivex plans to raise $212 million to establish a treasury for the Rain token, stating that it will become the first DAT company built on a prediction market token.

Rain is a decentralized prediction market protocol on the Arbitrum network that allows anyone to create markets and trade customized options on any event in any language, with results resolved by artificial intelligence, and features a buyback and burn mechanism linked to the RAIN token.