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.
“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.”
Daily Debrief Newsletter
Start every day with the top news stories right now, plus original features, a podcast, videos and more.
Source: https://decrypt.co/349036/prediction-market-myriad-partners-with-walrus-decentralized-data-storage-layer
