Myriad Embraces Full On-Chain Transparency with Walrus Integration for Prediction Markets

Prediction Platform Advances Decentralization Goals Through Strategic Partnership

In a significant move toward blockchain transparency, prediction market platform Myriad has announced its integration with Walrus, a developer platform that will now serve as its primary data layer for image storage. This partnership represents a pivotal step in Myriad’s journey to become what company executives describe as a “fully on-chain” prediction market protocol, replacing their previous hybrid approach that relied on both decentralized and cloud storage solutions.

The integration marks a fundamental shift in how Myriad stores and verifies its market data, with far-reaching implications for users, potential regulators, and the broader ecosystem of decentralized applications. By placing all market artifacts on a blockchain infrastructure, Myriad aims to create an immutable and transparent record of all predictions, outcomes, and payouts—effectively creating a permanent, tamper-proof ledger that could transform how prediction markets operate and interact with other systems.

Creating an Immutable Record of Prediction Outcomes

“With this integration, every market artifact across Myriad is now stored immutably and verifiably on-chain, ensuring tamper-proof, publicly auditable provenance,” explained Ilan Hazan, co-founder and Chief Operating Officer of Myriad. This shift to complete on-chain verification addresses one of the persistent challenges in prediction markets: ensuring that participants can trust the integrity of market outcomes and subsequent payouts.

The technical transformation means that all elements of Myriad’s prediction markets—from initial creation through resolution—now exist as permanent blockchain records. Rebecca Simmonds, Managing Executive at Walrus, emphasized the significance of this development: “They are completely and utterly verifiable. 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.”

This immutable record-keeping offers practical benefits beyond user trust. As Simmonds noted, the verifiable nature of these records could prove invaluable “if Myriad is ever in a situation where they need to be audited or they want to start operating in a regulated market.” In an industry that continues to navigate evolving regulatory landscapes, this proactive approach to transparency could position Myriad favorably for future compliance requirements.

Beyond Predictions: The Broader Data Implications

The partnership’s implications extend far beyond the immediate prediction market ecosystem. By committing to on-chain market results, Myriad is effectively creating a unique and valuable data source that could fuel innovation across multiple sectors, including decentralized finance (DeFi) and artificial intelligence.

“You’ve got this wonderful record of people putting money behind their opinions,” Simmonds explained, describing prediction markets as perhaps the “purest form of a poll you can get.” This verified opinion data, backed by financial stakes, represents a particularly valuable form of crowd wisdom that has applications far beyond the immediate market outcomes.

In particular, AI models could benefit from consuming these verified price feeds and evidence sets, while DeFi protocols could reference the same proofs to collateralize positions or trigger automated payouts. This interconnectivity highlights how blockchain-based prediction markets might serve as fundamental building blocks for more complex financial and technological systems.

Building on Existing Partnerships

This new collaboration builds upon existing relationships between Walrus and other information-centric platforms. Earlier this year, digital media outlet Decrypt began storing its articles, images, and videos on the Walrus decentralized storage protocol, creating what was described as an “immutable public archive of journalism.” The Myriad integration represents a logical extension of that approach, applying similar principles of permanence and verification to prediction markets.

The partnership will also explore integration with other elements of the Sui blockchain stack, including Seal, a dedicated secrets management platform. This expanded collaboration suggests that both companies see potential for deeper technological integration beyond the initial image storage implementation.

“Together, Myriad and Walrus are building the infrastructure for a more open and accountable web—one where data, trust, and ownership belong to users,” said Hazan, framing the partnership within Myriad’s broader mission to “realign incentives in the media ecosystem.” This statement points to an ambitious vision that extends beyond prediction markets to fundamental questions about information ownership and verification in digital spaces.

The Future of Verifiable Market Data

The long-term implications of this partnership could be substantial for both companies and the broader blockchain ecosystem. By creating a permanent, verifiable record of prediction market outcomes, Myriad is essentially building a unique dataset that combines financial signals with collective forecasting intelligence. This combination could prove particularly valuable for policymakers, researchers, and analysts seeking to understand public sentiment with greater accuracy than traditional polling methods provide.

“Once you start building that up, you can do lots of very interesting analysis—either in AI or even as government policymakers—to understand how groups think of things,” noted Simmonds, highlighting the potential application of this data for understanding collective decision-making and sentiment analysis.

As prediction markets continue to evolve, this partnership between Myriad and Walrus could represent an important milestone in the industry’s maturation. By prioritizing transparency, immutability, and verifiability, the companies appear to be positioning themselves for a future where blockchain-based prediction markets might play an increasingly important role in both financial ecosystems and information networks.

The integration demonstrates how blockchain technology can move beyond theoretical benefits to deliver practical solutions for data verification and permanence—principles that could become increasingly valuable as digital markets and information systems continue to evolve in an environment where trust and verification remain essential currencies.