Myriad Closes Seed Round with Backing From MoonPay and Tom Lee
Prediction market Myriad announced on March 19, 2026, that it has successfully closed its seed funding round, securing capital from a roster of prominent institutional and individual investors. The round featured participation from MoonPay Ventures, Auros, EVG, and Side Door Ventures. Individual investors included Fundstrat co-founder Tom Lee and Pudgy Penguins CEO Luca Netz. These new backers join an existing cap table that includes ConsenSys, HashKey Capital, IOSG Ventures, and Hack VC, reinforcing the project's institutional support.
According to CEO Loxley Fernandes, the new capital allows the company to "invest aggressively in product development, liquidity, and market expansion." Myriad, which is owned and operated by Decrypt's parent company Dastan, aims to build out the infrastructure for what Fernandes calls a "new frontier of information markets."
Funding Follows Technical Overhaul and USD1 Stablecoin Adoption
The financing follows Myriad's "Season 3" launch, a significant strategic update for the platform. As part of the launch, Myriad migrated its event contracts to the BNB Chain and plans to transition its liquidity model from an automated market maker (AMM) to a Central Limit Order Book (CLOB). This technical shift is designed to introduce more sophisticated trading features, including slippage controls, limit orders, and dynamic fees for users.
A key component of the platform's new strategy is its adoption of World Liberty Financial’s USD1 stablecoin as its exclusive settlement asset. This integration connects Myriad's ecosystem to the controversial project backed by former U.S. President Donald Trump. World Liberty Financial recently made headlines for offering investors "guaranteed access" to its team for a $5.3 million investment, a move that comes as the project faces scrutiny from U.S. lawmakers.