Decrypt

Decrypt was founded in 2018 as a ConsenSys Mesh incubator project, focusing on demystifying crypto and Web3. In May 2022, it raised $10 million at a $50 million valuation and spun out as an independent media company, marking the first major step toward autonomy. In January 2023, Decrypt merged with Rug Radio to form DASTAN, creating one of the world's largest Web3 publishing groups. In September 2024, DASTAN launched MYRIAD, an on-chain prediction market and engagement ecosystem aiming to rebuild trust in media through transparent incentives. That same month, Decrypt began storing its articles, images, and videos on Sui's Walrus protocol, ensuring a tamper-proof archive. Looking ahead, Decrypt and its affiliated foundation plan to launch the MYR token in 2025, which is intended to align incentives among readers, creators, and advertisers—potentially laying the groundwork for a sustainable, participatory media economy. These milestones represent Decrypt's evolution from a niche crypto news site into a decentralized media infrastructure pioneer, tackling content permanence, user engagement, and funding models through Web3 primitives.