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Decrypt, Rug Radio Launch MYRIAD Public Beta

Dec 06, 2024
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Decrypt and Rug Radio are proud to announce the launch of “interconnected media ecosystem” MYRIAD in public beta, available at myriad.markets.

Launching at Art Basel in Miami with a browser extension and website, the MYRIAD platform seamlessly integrates prediction markets and new forms of reader engagement with the user’s browsing experience, creating a fair, transparent media ecosystem that rewards readers, creators and advertisers alike.

Image: MYRIAD

“We're thrilled to be launching MYRIAD just as Bitcoin hits $100,000,” said Ilan Hazan, co-founder and COO at Decrypt and Rug Radio’s parent company DASTAN. “It's clear that decentralized technology is once again leading the conversation, and we're using that technology to reshape the way news is distributed and consumed and restore trust in the media.”

At the heart of MYRIAD’s new platform is its on-chain prediction market, integrated alongside written and video content from Decrypt’s class-leading journalism and Rug Radio’s wide-ranging creator ecosystem.

Leveraging the radical transparency of blockchain and decentralized technology, the prediction market enables rich, interactive experiences founded on secure, auditable transactions.

The launch of MYRIAD’s public beta marks a “significant milestone in realizing our vision for a revolutionary media model,” said DASTAN Co-Founder and CEO Loxley Fernandes. He explained that the platform’s “blockchain-powered prediction markets, dynamic reader engagement tools, and a points-driven rewards system,” will redefine how readers, creators, and advertisers interact. “Starting with points, our platform encourages active participation and engagement, laying the foundation for a fair and transparent media ecosystem,” Fernandes added.

In Q1 2025, MYRIAD will “take its next major step” with the launch of USDC markets, enabling creators and publishers to generate revenue directly from transactions within the ecosystem. As well as increasing user engagement with Decrypt and Rug Radio content, the next evolution of MYRIAD promises to open up new data-driven opportunities.

This will deliver “richer insights and actionable intelligence,” explained DASTAN Co-Founder and President Farokh Sarmad. It will also form “the blueprint for a sustainable, equitable media model built on participation and innovation.” With MYRIAD, he said, “Readers can make the news, stake the news, and break the news.”

To find out more about MYRIAD, head to myriad.markets. For help getting started, check out our Learn user guide to Getting Started with MYRIAD.