In a breakthrough move, Decrypt has officially integrated the MYRIAD Markets platform, allowing readers to participate in live predictions on articles. This is seen as the first step in reshaping the media business model, providing a fresh and more interactive approach for readers.
Journalism Merging with Prediction Markets – What’s Happening?
📌 What is Decrypt?
#Decrypt is a news platform specializing in crypto and Web3, known for its in-depth content and quick updates on the blockchain market.
📌 What is MYRIAD Markets?
#MYRIAD is an on-chain prediction market platform developed by DASTAN, the parent company of Decrypt and Rug Radio. This system allows users to bet on real-world events, using on-chain data to ensure transparency and fairness.
📌 What’s special about this integration?
Now, when reading articles on Decrypt, users can interact immediately with MYRIAD prediction markets without needing to download an extension.
"The goal is to create prediction markets directly related to Decrypt's articles, enhancing the user reading experience," – Ilan Hazan, Co-founder & COO of DASTAN.
Why Is This a Turning Point for Digital Journalism?
Typically, the revenue model of digital journalism relies on advertising and paid subscriptions, but this system is increasingly criticized for favoring content and not providing much value to readers.
MYRIAD is changing the game by:
✅ Motivating readers – Readers not only consume news but can also participate in the prediction process and earn rewards for making accurate decisions.
✅ Support publishers and content creators – Providing a new source of revenue alongside traditional advertising.
✅ Build a more transparent journalism environment – Readers can shape the story, rather than just receiving information unidirectionally.
"History shows that those who receive the least value from journalism are the readers. We want to change that," – Farokh Sarmad, Co-founder & Chairman of DASTAN.
The MYRIAD Ecosystem: Not Just Stopping at Predictions
MYRIAD is not just a prediction platform. This ecosystem creates a responsive environment where users can:
🔹 Participate in prediction markets using USDC – Earn rewards if predictions are accurate.
🔹 Contributing to the news verification process – Helping to find the most reliable information.
🔹 Creating income for readers, creators, and publishers – Instead of just relying on traditional advertising.
"We are transitioning from a traditional business model, where value is extracted by large platforms, to a system where value is distributed evenly to stakeholders." – Ilan Hazan.
Could This Be the Future of Digital Journalism?
Integrating MYRIAD into Decrypt is not just an experiment, but could become a new model for Web3 journalism.
🔹 Journalism will become more interactive – Readers not only read news but can also bet on future trends.
🔹 A more sustainable business model – No longer overly dependent on advertising.
🔹 Increased transparency – When information is verified by the community rather than just a few journalists.
This combination could be a major turning point for the Web3 journalism industry, opening a new era where readers are not just consumers of news but also become co-creators. 🚀