MYRIAD Launches USDC Markets Revolutionizing Prediction Platform
1min read MYRIAD, an on-chain prediction market, has launched USDC markets on its platform, marking a significant milestone in its development. This move allows users to make predictions using Circle’s regulated stablecoin USDC, which can be redeemed 1:1 for U.S. dollars. The integration of USDC markets brings a new dimension to myriad, as users can now put real money at stake, making their predictions more thoughtful and accurate.
Previously, MYRIAD operated on an on-chain points-based system with no monetary value. While this system was engaging, it lacked the financial incentive that comes with real money. The introduction of USDC markets addresses this issue, providing users with a more tangible way to participate in the prediction market. This shift is expected to attract a wider range of participants, including those who are new to the world of prediction markets and cryptocurrencies.
MYRIAD forms the cornerstone of DASTAN’s new media ecosystem, which seamlessly integrates on-chain prediction markets and quests with content from across DASTAN’s media portfolio. Since its mainnet launch, over 430,000 new users have signed up via Abstract Wallet, making more than 1.7 million predictions. The platform aims to revitalize the ailing media industry by combining predictions with the output of publications and creator ecosystems, creating a sustainable revenue model that benefits creators, publishers, and advertisers alike.
DASTAN co-founder and President Farokh Sarmad highlighted the significance of USDC markets, stating that it brings a whole new aspect to MYRIAD. He explained that with USDC markets on MYRIAD, predictions are real-time consumer sentiment, and users can use USDC to make a call option on certain news. This move is more than just generating revenue or building a cash flow positive economy; it shows that there’s an appetite for stuff other than the meme coin casino and the gambling aspect of crypto.
MYRIAD's ecosystem is designed to be interconnected, allowing users to seamlessly transition between different types of content and activities. This holistic approach not only enhances the user experience but also fosters a more engaged and informed community. The platform's quests and prediction markets provide users with opportunities to test their knowledge and skills, while the written and video content offers valuable insights and analysis.
The launch of USDC markets by MYRIAD is a testament to the platform's commitment 