In brief
- Prediction market Myriad aims to become a protocol layer embedded “everywhere we can,” its co-founder Farokh Sarmad said at Token2049.
- Myriad, launched by Decrypt’s parent company DASTAN, recently hit $18.5 million in USDC trading volume with over five million trades on the platform,
- Myriad has also launched perpetual sentiment markets such as “Up or Down,” which have gone from a “silly game” to over $760,000 in transactional volume, co-founder Loxley Fernandes said.
Prediction markets are making inroads on the mainstream, with Polymarket set to relaunch in the U.S. and Robinhood preparing to expand its offering globally. But, says Myriad Co-Founder and President Farokh Sarmad, people need to think bigger.
“For us, the future is embedding Myriad as a protocol,” he told the audience at Token2049’s prediction markets symposium Predictify Everything. “So, prediction markets at a protocol layer everywhere we can.”
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Author: Decrypt Staff
