Myriad Markets is an on-chain prediction market created by DASTAN. DASTAN was formed through the merger of two major Web3 media outlets: Decrypt (founded in 2018 with support from Consensys Mesh, and later became independent) and Rug Radio (an NFT/crypto community and podcast platform founded by Farokh Sarmad in 2021).
Key People. DASTAN’s CEO is Loxley Fernandes, who positions Myriad as a tool that allows users to participate in shaping the news cycle and receive rewards for doing so. Farokh Sarmad, co-founder and president of Myriad and Rug Radio, actively represents the project publicly. The third co-founder is Ilan Hazan (COO).
Funding. For a long time, Myriad did not conduct separate public funding rounds—the project grew organically through media revenue from Decrypt and Rug Radio, plus strategic investments in parent company DASTAN from Coinbase Ventures and Dragonfly. However, in 2026, the situation changed: in February, the platform raised $20 million in a pre-Series A round led by Hack VC and Jump Crypto. And just now, in March 2026, Myriad announced the completion of a seed round featuring MoonPay Ventures, Auros, EVG, Verda Ventures, Side Door Ventures, Wave Financial, Walrus, and OFR. Among the angel investors are Tom Lee (co-founder of Fundstrat), NFT collector Blondish, and Pudgy Penguins CEO Luca Netz.
Timeline and growth. The project was announced in September 2024, with a public launch in March 2025 on the Abstract blockchain; it later expanded to Linea and BNB Chain. A unique feature is the integration of prediction markets directly into content: markets appeared within Decrypt articles, in tweets, and in videos, creating a viral effect. By January 2026, the cumulative trading volume exceeded $167 million. Key milestones include: integration with Trust Wallet in December 2025 (access to over 220 million wallet users), more than 415,000 sign-ups via the Abstract Wallet, the transition to USDC markets, and partnerships with Pudgy Penguins and BNB Chain.
Integration with WLFI/USD1. In January 2026, Myriad became the first prediction market to integrate the USD1 stablecoin from World Liberty Financial (a DeFi project associated with Donald Trump) as the underlying asset for settlements on the BNB Chain. It is planned that in the first quarter of 2026, all Myriad BNB markets will fully transition to USD1.
The $MYR token. The details of the tokenomics have not yet been fully disclosed, but holders of Rug Radio Genesis NFTs and the $RUG token are set to receive 25.5% of the total $MYR supply at the TGE. For now, the platform operates on a points system, which is expected to be converted into tokens at the TGE. Exact TGE dates have not been announced—the Myriad Foundation will publish this information.
Investors: Tier 3-4 funds