Decrypt and Rug Radio Launch SCENE MYRIAD, a New Prediction Market Platform, at Art Basel Miami

Coin prices are on the move, and there's exciting news from Decrypt’s Art, Fashion, and Entertainment Hub.

Introducing SCENE MYRIAD! This new platform, born from the collaboration between Decrypt and Rug Radio, is launching in public beta this week. It brings together prediction markets and fresh ways for readers to engage.

“Through MYRIAD’s evolving ecosystem, we are positioned to transform the digital media landscape,” said Loxley Fernandes, Co-Founder and CEO at Decrypt and DASTAN, the parent company of Rug Radio.

Launching during Art Basel Miami, MYRIAD leverages cutting-edge technology. It builds on Decrypt’s strong reputation in next-generation journalism and Rug Radio’s extensive network of content creators and influencers, according to Farokh Sarmad, DASTAN’s Co-Founder and President.

The MYRIAD platform combines on-chain prediction markets with written and video content. This setup allows for verified interactions across the entire media ecosystem. The prediction markets create rich, interactive experiences on a decentralized infrastructure, ensuring secure and auditable transactions. The goal? To foster a transparent ecosystem that rebuilds user trust in media.

MYRIAD also introduces a “new business model for publishers and content creators.” Ilan Hazan, DASTAN’s Co-Founder and COO, explained that MYRIAD “leverages direct distribution to audiences through established content channels to maximize engagement and transactional volume.”

What’s more, MYRIAD includes a Quests mechanic. This feature rewards users for engaging with content, creating an attention economy. It can boost metrics like time spent on videos and articles, social media shares, or quiz completions.

The result? An “interconnected media ecosystem” that benefits everyone involved. “Users are rewarded, creators are fairly compensated, and advertisers achieve higher ROI,” Hazan noted.

“With MYRIAD, we’re using the Web3 tools we write about to reshape the media ecosystem that we operate in,” said Guillermo Jimenez, Editor-in-Chief at Decrypt.

MYRIAD will launch in public beta during Art Basel Miami, featuring a browser extension, mobile app, and website. This integration enhances the user’s entire browsing experience. Plus, with a streamlined registration process using account abstraction, it’s easy to start earning points through Quests and participating in prediction markets.

In other news, Decrypt and HashKey Capital have teamed up with leading Asia-Pacific media platforms at Thailand Blockchain Week. They formally launched Layer East Media, a strategic alliance that “represents a key step in bridging the East and West for Web3.” Eight founding members, including Decrypt and HashKey Capital, signed a memorandum of understanding. This agreement focuses on responsible reporting, collaboration, and innovation within the blockchain space.

HashKey Capital and Decrypt are proud to announce Layer East Media, an alliance of the most influential Web3 media outlets across the Asia-Pacific region. This coalition is currently the largest in the area. The council includes members from major blockchain media across the APAC region and beyond.

DASTAN, the parent company of Decrypt and Rug Radio, is taking the next step in its evolution with MYRIAD. This prediction market and engagement ecosystem aims to fundamentally change how people interact with digital media.

“Our vision is to create an interconnected media ecosystem where users are rewarded, creators are fairly compensated, and advertisers achieve higher ROI,” said Ilan Hazan. The MYRIAD platform builds on DASTAN’s strong foundation.