USDC Markets launched by MYRIAD Prediction Market

Image: MYRIAD

MYRIAD the prediction market on chain Decrypt Rug Radio, a subsidiary of DASTAN Group, now offers USDC market on its platform.

Circle has regulated MYRIAD to allow users to predict the future using Circle. Stablecoin USDC is a currency that can be converted 1:1 into U.S. dollar.

“USDC markets is huge for us,” Farokh Sarmad, DASTAN’s co-founder and president, told Decrypt. He said that USDC is available on MYRIAD. “predictions are real-time consumer sentiment,” Users of the platform will be able now to pay in USDC. “a call option on certain news.”

USDC market launches “brings a whole new aspect” Sarmad told me to MYRIAD. The prediction market used a points system based on the chain, but there was no money value. “Points are fun, but you could argue that points are not enough,” He said.

The following are some of the ways to get in touch with us “technically you're staking your reputation” He explained with specific points. “when you put your money where your mouth is, you’re more careful of what you put out there in terms of opinion.”

What is MYRIAD

MYRIAD was first launched on Abstract mainnet back in January. It is the core of DASTAN’s media ecosystem. MYRIAD seamlessly integrates content across DASTAN’s portfolio of media, including Quests and on-chain predictions markets. DecryptRug Radio Lucky Trader Degenz

Abstract Wallet has attracted over 430,000 users since its launch on the mainnet. These new users made more than 1.7 millions predictions.

MYRIAD’s ambitions go beyond the on-chain market for predictions. This project aims to rejuvenate the media industry, which is in dire need of a boost. Decrypt Creator ecosystems such as Rug Radio create a revenue model which benefits both creators and publishers.

Sarmad said that MYRIAD would generate revenue by taking “a percentage on the volume,” While predictions become more accurate as users put real money on the line.

“If our thesis is that prediction markets make for a better media ecosystem on top of Rug Radio creators and Decrypt journalism, then you need to turn on USDC markets for people to actually put money into play,” He said.

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“It's more than just generating revenue or building a cash flow positive economy or just having a good flywheel for our business,” “Sarmad” explained. “It shows that there’s an appetite for stuff other than the meme coin casino and the gambling aspect of crypto.”

Visit myriad.markets now to start making predictions with USDC.

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