Myriad Protocol Rolls Out Expansion to Ethereum L2 Linea

Myriad Protocol, the multichain protocol designed to power prediction markets, has officially launched on the Ethereum Layer-2 network Linea.

“Predictions now have a new home on Linea,” announced Loxley Fernandes, co-founder and CEO of Myriad’s parent company DASTAN. He expressed excitement about the Linea team’s commitment to creating more resources for Ethereum users and emphasized Myriad’s dedication to being part of this initiative.

The integration with Linea marks a significant milestone for Myriad, according to DASTAN co-founder and COO Ilan Hazan. In a blog post, he highlighted the protocol’s support for Linea as a key factor in enabling Myriad to efficiently scale and bring prediction contracts to a wider audience of users.

“A new class of DeFi products”

This expansion comes six months after Myriad’s initial launch on Abstract. Hazan emphasized that the move to Linea is an extension of their existing presence and not a shift away from Abstract. Myriad Protocol will continue to power Myriad Markets on Abstract and other chains, viewing each chain as a unique ecosystem to engage with.

Speaking on Rug Radio’s FOMO Hour, Fernandes discussed Myriad’s goal of creating a new class of DeFi products through prediction contracts. He emphasized the company’s focus on serving users across different chains and ecosystems, with plans for future expansion and product development.

With a pipeline of new products in development, Myriad is poised to revolutionize the distribution of content and services in the decentralized finance space. The company’s vision includes introducing features like restaking to enhance user experience and engagement.

“Myriad is evolving rapidly, and our ambitions are expanding exponentially,” stated DASTAN co-founder and President Farokh Sarmad. The company is committed to pushing boundaries and redefining the landscape of DeFi products and services.