Myriad Secures Seed Funding From MoonPay, Tom Lee to Expand Prediction Market

Edgen Crypto·Mar 20 2026, 02:56

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Key Takeaways

Myriad, a prediction market, has closed a seed funding round featuring major VCs like MoonPay Ventures and prominent individuals like Tom Lee. The capital infusion is set to accelerate product development, including a transition to a Central Limit Order Book (CLOB) model, and expand its market presence following a recent migration to BNB Chain and adoption of the USD1 stablecoin.

Secured Seed Funding: Myriad closed a seed round on March 19, 2026, with investors including MoonPay Ventures, ConsenSys, HashKey Capital, and Tom Lee.
Strategic Product Overhaul: The funding follows Myriad's "Season 3" launch, which includes a planned shift from an AMM to a Central Limit Order Book (CLOB) for improved trading features.
Ecosystem Integration: The platform recently migrated to BNB Chain and adopted the USD1 stablecoin from the Trump-linked World Liberty Financial as its exclusive settlement asset.

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.