Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Prediction Market Myriad Partners With Walrus Decentralized Data Storage Layer

Prediction Market Myriad Partners With Walrus Decentralized Data Storage Layer

CryptoNewsNetCryptoNewsNet2025/11/18 18:21
By:decrypt.co

Prediction market Myriad is launching its integration with Walrus, leveraging the developer platform as its data layer for image storage.

The partnership builds on Myriad’s ambition to become a “fully on-chain” prediction market protocol, replacing a legacy storage model that combined decentralized storage and cloud storage.

<span></span>

“With this integration, every market artifact across Myriad is now stored immutably and verifiably on-chain, ensuring tamper-proof, publicly auditable provenance,” said Ilan Hazan, co-founder and COO of Myriad.

With Myriad having transitioned to decentralized storage and on-chain market data, all of its outputs are now “completely and utterly verifiable,” said Walrus Managing Executive Rebecca Simmonds. “They are tamper proof and they are a record of exactly what happened, what the outcome was, what was paid out—and that is there for time immemorial and cannot be changed.”

That, she said, matters both to establish trust among Myriad users, and “if Myriad is ever in a situation where they need to be audited or they want to start operating in a regulated market.”

Myriad’s commitment to presenting the outcomes of its prediction markets on-chain creates a data source with “very interesting” applications, including decentralized finance and AI models, Simmonds added. AI models can consume verified price feeds and evidence sets, while DeFi protocols can reference those same proofs to collateralize positions or trigger automated payouts.

That opens the door to further applications using Myriad market data, said Simmonds. “You've got this wonderful record of people putting money behind their opinions,” she said, calling it the “purest form of a poll you can get.”

“Once you start building that up, you can do lots of very interesting analysis—either in AI or even as government policy makers—to understand how groups think of things.”

Walrus and Myriad

The partnership builds on the existing relationship between Walrus and Decrypt, which began storing its articles, images and videos on the decentralized storage protocol earlier this year, creating an “immutable public archive of journalism.”

Through the partnership, Myriad will also explore integration with other elements of the Sui stack including Seal, its dedicated secrets management platform.

The further integration with Myriad will extend that collaboration, advancing Myriad’s mission to realign incentives in the media ecosystem, said Hazan. “Together, Myriad and Walrus are building the infrastructure for a more open and accountable web—one where data, trust, and ownership belong to users.”

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Bitcoin News Update: Major Whale Places $87 Million 3x Leveraged Bet Opposing BTC Surge Amid Divided Market

- A Hyperliquid whale opened a $87.58M 3x BTC short, contrasting with bullish market trends and other traders' strategies. - Another 20x $131M short faces liquidation risk if BTC surpasses $111,770, while $343.89M in 24-hour liquidations highlight short-position vulnerability. - Technical indicators (RSI 66, 15/1 buy/sell signals) and institutional BTC purchases support upward momentum despite liquidity risks on Hyperliquid. - Diverging whale strategies and macro factors like Fed policy underscore crypto's

Bitget-RWA2025/11/24 06:14
Bitcoin News Update: Major Whale Places $87 Million 3x Leveraged Bet Opposing BTC Surge Amid Divided Market

Ethereum News Update: Major Institutions View Ethereum as a Key Asset, Outpacing ETF Investments

- 68 publicly traded firms now hold 12.7 million ETH, surpassing all Ethereum spot ETFs' 11.3 million holdings as of July 2024. - Firms like Coinbase and Gemini lead corporate accumulation, while banks like Fidelity expand crypto custody services for institutional clients. - Analysts cite regulatory clarity and improved risk frameworks as drivers, with 72% of institutional investors boosting crypto allocations in 2024. - Critics warn of market manipulation risks as corporate holdings now control 54% of ins

Bitget-RWA2025/11/24 06:14

Breet's Enhancement Addresses Africa's Cryptocurrency Instability and Delayed Transactions

- Breet 3.0 Pro Max upgrades Africa's OTC crypto platform with USD wallets, instant transfers, and flat fees to combat volatility and slow settlements. - Key features include stable dollar holdings, peer-to-peer transfers bypassing banks , and automated issue resolution to reduce transaction friction. - Business tools now offer multi-currency templates, VIP tiers for high-volume traders, and security dashboards tracking account activity. - The update addresses Africa's crypto challenges by stabilizing purc

Bitget-RWA2025/11/24 06:14
Breet's Enhancement Addresses Africa's Cryptocurrency Instability and Delayed Transactions

DeFi's Automation Shortfall Addressed: Orbs Introduces dSLTP to Achieve CeFi-Grade Risk Control

- Orbs launches dSLTP, a decentralized stop-loss/take-profit protocol for DEXs, bridging CeFi automation with DeFi. - The protocol automates risk management via on-chain orders, reducing real-time monitoring needs during volatility. - Built on Orbs' Layer-3 infrastructure, it enhances DEX functionality with CeFi-grade tools while maintaining decentralization. - This innovation addresses DeFi's automation gap, potentially driving DEX adoption and institutional-grade on-chain trading.

Bitget-RWA2025/11/24 05:54
DeFi's Automation Shortfall Addressed: Orbs Introduces dSLTP to Achieve CeFi-Grade Risk Control