Prediction market Myriad is launching its integration with Walrus, leveraging the developer platform as its files layer for image storage.
The partnership builds on Myriad’s ambition to change right into a “absolutely on-chain” prediction market protocol, changing a legacy storage mannequin that blended decentralized storage and cloud storage.
“With this integration, every market artifact across Myriad is now saved immutably and verifiably on-chain, guaranteeing tamper-proof, publicly auditable provenance,” talked about Ilan Hazan, co-founder and COO of Myriad.
With Myriad having transitioned to decentralized storage and on-chain market files, all of its outputs are now “fully and fully verifiable,” talked about Walrus Managing Govt Rebecca Simmonds. “They are tamper proof and so that they are a chronicle of exactly what came about, what the consequence became as soon as, what became as soon as paid out—and that’s there for time immemorial and would possibly perhaps well no longer be changed.”
That, she talked about, issues each and every to construct have confidence amongst Myriad users, and “if Myriad is ever in a predicament the save they need to be audited or they want to initiate working in a regulated market.”
Myriad’s commitment to presenting the outcomes of its prediction markets on-chain creates an files provide with “very attention-grabbing” applications, in conjunction with decentralized finance and AI items, Simmonds added. AI items can employ verified price feeds and proof sets, whereas DeFi protocols can reference these self same proofs to collateralize positions or blueprint off computerized payouts.
That opens the door to further applications using Myriad market files, talked about Simmonds. “You would possibly perhaps well own this pleasing chronicle of of us inserting money within the lend a hand of their opinions,” she talked about, calling it the “purest fabricate of a poll you can gain.”
“When you initiate constructing that up, which you would possibly perhaps perhaps dwell diverse very attention-grabbing prognosis—both in AI and at the same time as government coverage makers—to imprint how teams think issues.”
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, developing an “immutable public archive of journalism.”
Throughout the partnership, Myriad will additionally stumble on integration with diversified substances of the Sui stack in conjunction with Seal, its devoted secrets management platform.
The further integration with Myriad will lengthen that collaboration, advancing Myriad’s mission to realign incentives within the media ecosystem, talked about Hazan. “Collectively, Myriad and Walrus are constructing the infrastructure for a more open and responsible net—one the save files, have confidence, and possession belong to users.”
