Newsletter
Decrypt is evolving into The Information Exchange, which is a financial and intelligence market driven by MYR tokens.
The Information Exchange integrates news, data, market prices, probabilities, and direct participation into a connected media ecosystem.
Information has always been driving the market.
People consume information in order to understand the world, form judgments about the future, and decide how to act. However, historically, the systems through which people obtain information have been separate from the systems through which they participate in the market. We believe that this separation is coming to an end.
Today, we announce the launch of The Information Exchange: an information and financial network that integrates news, data, market prices, probabilities, and direct participation around topics of people's concern. This network is provided with content by Decrypt and is driven by tokens from Myriad and MYR.
Those who follow Bitcoin should be able to understand what has happened, see the trend of this asset, comprehend what the market thinks may happen next, and take direct action accordingly. The Information Exchange will combine our own products with those that have been integrated. Decrypt will provide credible information and global distribution capabilities. Myriad will offer the technology to connect this information with financial participants. Solana will provide a high-performance on-chain environment that will allow a new generation of users to get involved. MYR will serve as a coordinating layer, connecting users, creators, traders, publishers, liquidity providers, applications, data providers, and autonomous agents.
News + Data + Market + Forecast + Participation
This is the next stage of evolution for Myriad, and it also aligns with the direction we have been working towards all along.
Why now?
In the past, readers would typically learn about assets through publications like Decrypt, before moving on to exchanges and trading applications. Each of these steps added friction to the process. The context of the original reports was lost, and the relationship between publishers and readers came to an end, while the financial value created by attention flowed to another platform.
Financial products are becoming increasingly composable and can be embedded into applications where users discover them. Readers of Decrypt should not have to re-create the context of a transaction after leaving this article. Opportunities to take action can coexist with information that generates beliefs.
Information is becoming machine-readable, markets are becoming programmable, and the distance between events and economic responses is shrinking. This integration of media, markets, and machine intelligence is precisely why The Information Exchange can be realized today.
Why us?
For eight years, we have been building around communities and the value that information brings to them.
The creation of Decrypt aims to help people understand the rapidly changing financial and technological systems. It has grown to become one of the largest native crypto media platforms.
Rug Radio starts from different directions. It demonstrates that creators and community members can participate in the media they jointly create, contribute to its distribution, and share the culture and values that form around it. Its audience has a strong affinity with crypto-native elements.
Integrate Rug Radio with Decrypt, combining this native perspective with the reach and authority of a mature news editorial office. We reach approximately 1.6 million unique monthly active users and have 3.7 million monthly page views. We also have over 73,000 active news email subscribers, and have generated hundreds of millions of exposures through social media platforms and content distribution.
Myriad has developed a third type of audience: active market participants who have proven that when presented with attractive products, they will move directly from information to action.
These three types of audiences represent three points on the same participation curve: from understanding to discovery, to forming beliefs, and then to taking action.
The predictive market has proven this point.
Myriad Prediction Markets It was initially just an experiment: whether the audience for information could become a market network. Predictive markets are naturally the first tool of their kind, as they represent one of the purest forms of financialization of information.
For us, the key question is not whether people want another place for trading predictions, but whether those who consume information can become active market participants within the same experience.
After a cumulative trading volume in the predictive market of over 600 million US dollars, the answer is already quite clear.
In this process, we deployed Myriad across multiple ecosystems, experimented with automated market makers and order books, built wallets, and developed our own market infrastructure. Not every strategy worked as expected. Sometimes, we focused on becoming a traditional predictive market venue rather than on focusing on the larger relationship between information and participation.
But the underlying experiments were successful. We started from scratch to create a new financial product, distributed it through existing information networks, and proved that passive content consumers can become active market participants.
Predicting the market is not the end; they are merely proofs.
The Information Exchange
Predictive markets are a financial expression of information, but they will not be the last form of it.
The Information Exchange extends this model to a broader financialized internet. Its basic unit is not articles, tokens, or transactions, but topics.
Myriad can integrate reports, data, market prices, probabilities, and participation opportunities.
These opportunities will include:
- Predict the market
- Spot Market
- Sustainable Contracts
- Structured Event Products
- New financial instruments
We don't need to develop every financial product we distribute. Myriad will continue to provide native market infrastructure, while also integrating products from third-party protocols and exchanges. The goal is to become the layer of information and participation that people go through when discovering, understanding, and interacting with the market.
What will support our continuous media growth is an internal proxy-based media operating system: it is designed to identify emerging topics, organize data, collate intelligence, assist in content production, and connect relevant financial products with infographics.
MYR Token
Participants can stake MYR to undertake the work of ensuring network functionality, including information verification and market settlement.
Applications, professional trading systems, data consumers, and autonomous agents can all stake MYR to obtain scarce network resources. These resources may include higher API throughput, low-latency market data, probabilistic data streams, settlement infrastructure, programmatic market creation, execution services, and advanced intelligence.
MYR will also align the groups of people who provide information, distribution, capital, liquidity, and computing power. Holders and stakers will receive benefits such as lower transaction costs, stronger data access, as well as advanced products or services.
Economic activities on The Information Exchange will generate revenue. A portion of the network economy's earnings will be used to purchase MYR in the public market, reduce the supply (buybacks + destruction), provide staking incentives, offer network rewards, fund the treasury, and support the development of the ecosystem.
This has created demands related to the use and growth of the internet, not just those associated with speculation. The goal is not to attach a token to a set of unrelated products, but to provide a common economic language for an ever-expanding information network.
One token, infinite possibilities
The history of Decrypt, Rug Radio, and Myriad is a history of an idea gradually becoming clear.
The Information Exchange brings together the capabilities we have accumulated. Market forecasting remains at its core, as probability is one of the clearest and most useful expressions of collective belief. However, it is just one product among many greater opportunities.
We are building a network where people can understand what is happening, see what the market thinks will happen next, and directly participate in it; a network where creators and publishers can share the financial activities generated by their information.
In a world where everything is being financialized, including attention itself, people should be able to benefit from what they know and participate in the markets that their activities help to create.
This is precisely the original intention of Myriad. Everything we have built and learned has brought us back here.
A network for information and participation. A unified technical layer. A token that connects every product and every participant.
It is expected that the product will be launched in phases over the coming weeks and will be advanced before Solana Breakpoint.
