Prediction Market Myriad Partners With Walrus Decentralized Data Storage Layer

Myriad, a prediction market protocol, has announced its partnership with Walrus to integrate a decentralized data storage layer. This collaboration aims to enhance Myriad's functionality by enabling immutable storage of market artifacts, replacing a traditional storage model combining decentralized and cloud systems. Ilan Hazan, Myriad's co-founder, emphasized that this integration guarantees that market outcomes are securely stored and auditable. Walrus managing executive Rebecca Simmonds remarked on the importance of this innovation for trust and regulatory compliance, asserting that having tamper-proof records is crucial for auditing. The partnership also allows Myriad to explore decentralized finance (DeFi) and artificial intelligence (AI) applications by utilizing verified market data. Simmonds commented on the potential for extensive analysis of how collective opinions are reflected through monetary commitments. By building a comprehensive record, their integration aims to foster an open and accountable web, where data ownership and trust are prioritized.

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