Prediction market Myriad has completed a seed investment round featuring participation from firms including MoonPay Ventures, Walrus, Verda Ventures, Auros, and Wave Financial, alongside individual backers such as Fundstrat co-founder Tom Lee and Pudgy Penguins CEO Luca Netz. Co-founder and COO Ilan Hazan noted the new investors join a cap table that already includes ConsenSys, HashKey Capital, and Hack VC.
The capital will fund product development, liquidity improvements, and market expansion, according to CEO Loxley Fernandes. Myriad is owned and operated by Dastan, the parent company of Decrypt.
The raise follows Myriad’s Season 3 launch, which moved its event contracts to BNB Chain and adopted World Liberty Financial‘s USD1 stablecoin as its exclusive settlement asset. The platform is also transitioning from an automated market maker model to a Central Limit Order Book, adding features such as limit orders and slippage controls.
Originally reported by Decrypt.
