Myriad is Evolving.
Six months in the past, Myriad launched in its preliminary beta type. The principle purpose of the beta was to refine and optimize our platform and to form the applied sciences alongside it that might help our main purpose of constructing a decentralized, multichain prediction market protocol.
We’ve now hit our technical milestones, validated our thesis and confirmed product market match within the Summary ecosystem. In parallel, our media arms (Decrypt and Rug Radio) have demonstrated one of many core use circumstances: Content material distributors can leverage prediction markets to enhance engagement, generate income, and make editorial technique extra data-driven.
At the moment, we’re transferring past that preliminary sandbox. We have at all times stated that prediction markets ought to meet customers the place they already are; that key precept has helped form and construct this product from day one.
We’re launching the Myriad Protocol, a multichain protocol designed to energy prediction markets in every single place, for everybody. As prediction markets grow to be ubiquitous in our digital life, the protocol will make it straightforward to combine them into any platform or group.
The Protocol
With the latest improve in our tech stack comes the beginning of Myriad’s subsequent chapter, a direct path to a decentralized, multichain prediction market protocol. With this in thoughts, at the moment we’re extraordinarily excited to be launching protocol help for Linea!
Linea is the Ethereum L2 developed by Consensys that goals to “empower the world to reside on-chain”. Spearheaded by Ethereum ecosystem leaders resembling Joe Lubin, and along with the Linea group, it goals to drive vital developments throughout on-chain experiences for everybody. This now contains prediction market choices powered by the Myriad Protocol.
As we develop the Myriad Protocol on a number of chains, we’re constructing a number of key elements to broaden its capabilities by means of EigenCloud.
These elements embrace trustless income sharing by means of AVS declare validation, censorship-resistant oracles, and artificial tokens that symbolize stablecoin TVL positions and may be restaked into EigenLayer to earn further yield.
We’re additionally engaged on the muse for a unified liquidity hub for any EVM chain. We are going to share technical particulars about these implementations within the coming weeks.
Lastly, we’re dedicated to progressive decentralization. We see this as vital infrastructure and an enormous a part of how the Myriad Protocol will function. Over time, governance and validation will transfer to the group, supported by an oracle system and key group instruments, and the protocol will guarantee reality and transparency of all outcomes.
The Ecosystem
With each new integration comes a brand new ecosystem, new distribution partnerships, and new audiences. The Myriad Protocol is designed from the bottom as much as be accessible anyplace to anybody, seamlessly accessible and simply built-in.
Linea is a large milestone for us, however we aren’t stopping there! Extra chains and merchandise adopting the Myriad Protocol are quickly to be introduced alongside collaborations with utility builders and media firms.
That is the subsequent step in making prediction markets a staple and basic function of the web, all powered and absolutely backed by the Myriad Token (presently not reside for buying and selling).
Every day Debrief Publication
Begin day by day with the highest information tales proper now, plus authentic options, a podcast, movies and extra.