BNB Chain Interview Record: Myriad - Building the Next-Generation Prediction Market

By: blockbeats|2025/10/31 14:30:01
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Source: Myriad


Host: BNB Chain Mandarin

Myriad: @MyriadMarkets

Q1: Could you please start by briefly introducing your project? What problem are you looking to solve?

A1: Myriad is a next-generation, content-centric prediction market. The information age demands a platform for the exchange of the world's most influential asset—'information.' As we incentivize people to participate in event contracts, the price delta between 'yes' and 'no' becomes a dynamic signal, reflecting the participants' confidence levels in the likelihood of the event occurring. Myriad leverages this signal among decision-makers, media consumers, and even content creators, enabling them to better harness the power of collective intelligence.

Q2: The concept of a 'prediction market' may be relatively new to many people; could you explain in simple terms how it operates?

A2: A prediction market is essentially a market that allows people to trade 'opinions on future events'—encompassing everything from election results, sports events, economic trends to celebrity news. Instead of relying on expert commentary or polls, prediction markets allow the public to participate in outcome predictions through 'betting,' transforming collective sentiment into quantifiable data. In such a market, each contract (or 'share') represents a possible outcome, such as 'yes, this will happen' or 'no, this will not happen,' and the price of that contract reflects the participants' confidence in the event's occurrence. With the development of news events, changes in media coverage, public discourse, and shifts in social media popularity, these prices fluctuate in real-time, dynamically capturing the evolution of public perception. Therefore, a prediction market is not just a tool for predicting events—it also serves as a mirror, reflecting how the flow of information, media influence, and public sentiment collectively shape our expectations of the future.

Q3: Why did you choose to build on the BNB Chain?

A3: Many of the main competitors in prediction markets are heavily focused on the North American market. However, we believe there is still a significant user base globally that is severely underestimated and overlooked. Myriad's core objective on BNB is to achieve 'Glocalization' and 'Focus on Growth,' particularly targeting the strongest region in BNB's community—the global Eastern market—to drive development.

Q4: Compared to traditional prediction markets, what makes your product special or innovative?

A4: Connecting content with prediction markets. Traditional media and news outlets can deliver messages, viewpoints, and narratives, but they cannot directly reflect the public's expectations or confidence in future events. Myriad integrates prediction markets into content, allowing readers to directly participate in the narrative process, transforming "passive media consumption" into "active interactive engagement."

Q5: What are "Sentiment Markets," and what problem do you hope to solve through these markets?

A5: Opinion polls were originally used to measure people's thoughts, but most of the time, they only capture what people "claim" to think. When beliefs are filtered through bias, identity politics, and the ritual of two-party systems, they ultimately become noise. When expressing opinions has no cost, opinions become cheap. Markets can address this issue. Myriad's Perpetual Sentiment Markets replace traditional surveys with a price discovery mechanism. Participants no longer just check an option but express their stance through buying or selling positions representing their beliefs, such as "fear vs. greed," "support vs. oppose a political figure," etc., and wager real money on their beliefs. The result is a continuous, self-correcting collective emotional signal. Each transaction comes with costs and consequences: bias becomes expensive, beliefs become measurable, and truth (ideally) gains liquidity. Unlike our other expiry-settled prediction markets and event contracts, these sentiment markets never settle. They continuously track the "live pulse" of public sentiment on-chain and maintain liquidity. Fluctuations in people's confidence in specific figures, tokens, or ideas can be expressed and financialized in real time.

Q6: What are Automated Candle Markets for BNB? Will we see more automated markets in the future?

A6: The core design of automated markets lies in automatic settlement, short time frames, and continuous liquidity, allowing users to engage in fast-paced prediction or trading environments without waiting for long settlement periods. The BNB automated market is just the beginning; in the near future, we will expand this fast-paced, short-term prediction market to Bitcoin and other mainstream cryptocurrencies!

Q7: Is there any upcoming event or feature that we can look forward to?

A7: Currently, we have launched an instant point reward system for USDT users on the BNB Chain and users participating in SocialFi interaction through XEET.AI. Early adopters and users of the BNB Automated Market will receive special rewards. In the future, we may also engage in larger-scale joint activities with the BNB Chain, so stay tuned and start your predictions now!

Community Q&A Session

BNB CHAIN Host: The above is the sharing prepared by our guest today! I believe everyone now has a better understanding of Myriad~ Next up is our community Q&A session.

Q1: How does Myriad utilize social media integration to amplify community momentum and drive the growth of the prediction market?

A1: Myriad is under the same parent company as Rug Radio and Decrypt Media. Rug Radio is a gathering place for many top KOLs in the crypto field, with its accounts having millions of followers on major social media platforms, enabling us to effectively bring traffic and volume to the platform. Opinion leaders with large audiences such as Farokh (who has interviewed President Trump and CZ), Mando, Tyler Did It, etc., maintain high community interest in Myriad. Decrypt Media is the most trusted news website in the crypto field, not only having a broad readership outside of X, but also widely read globally, allowing us to reach users from different backgrounds and expand into a more diverse market.

Q2: What types of prediction markets does Myriad plan to launch? Besides common cryptocurrency and political events, will AI be used to explore or establish more innovative and complex long-tail markets?

A2: The long-tail market is indeed very attractive, and we will definitely delve into this area. However, what interests us more is how to integrate "rapid format" and "more capital-efficient" markets to assist industry professionals in making wiser decisions not only in investment but also in key decisions such as insurance, market risk exposure, hedging, and more.

Q3: How does Myriad's embedded widget feature drive adoption among non-crypto native users?

A3: We choose to meet users where they are. Many are always asking "how to bring mainstream users into crypto," yet refuse to offer services in the user's existing context, instead forcing them into applications that require crypto knowledge. Myriad's embedding technology is designed to eliminate this friction— with just a few clicks, all users can easily interact and use prediction contracts.

Q4: What role does AI play in the Myriad ecosystem? Does it include emotional/social intelligence or smart content recommendation features?

A4: We are developing an AI-driven market recommendation engine designed to identify emerging narratives and predictable events. The engine integrates real-time data from our in-house media (such as Decrypt) and social platforms to actively discover high-potential niche or viral topics. We are continuously optimizing the model to more accurately understand trend propagation speed, emotional changes, and topic relevance. The ultimate goal is to have Myriad intelligently present real-time markets highly aligned with user attention trends and with high signal value. Additionally, AI also plays a key role in automating and optimizing market rule-making, ensuring clearer, more consistent result definitions and settlement processes, and reducing biases.

Q5: How does Myriad's launch on the BNB Chain— including automated markets, short settlement periods, and a localized Chinese experience— strengthen its multi-chain expansion strategy and enhance Asian users' accessibility in the global prediction market ecosystem?

A5: The prediction market is a powerful information tool, but most existing products are slow-paced, unengaging, and capital-inefficient. Myriad's launch on the BNB Chain aims to "gamify" the prediction market, significantly enhancing engagement and interactivity without compromising its academic value. We found that nearly all current leading markets focus exclusively on U.S. users, which is not only fundamentally wrong but also extremely short-sighted. Myriad's deployment on the BNB Chain is optimized to target a user base that controls key liquidity in BNB and the Asian markets. These users have high signal value and strong economic influence, needing not only a translated market interface but also prediction topics highly relevant to their interests and expertise.

Q6: Can you summarize the core mission of the Myriad Markets project in one sentence?

A6: Myriad's mission is to reshape the information economy – rewarding truth over noise, aligning incentive mechanisms around honesty and information speed, and replacing the broken ad-driven model with a new system that values accuracy, insight, and engagement.

This article is contributed content and does not represent the views of BlockBeats.

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Debunking the AI Doomsday Myth: Why Establishment Inertia and the Software Wasteland Will Save Us

Original Title: Against Citrini7Original Author: John Loeber, ResearcherOriginal Translation: Ismay, BlockBeats


Editor's Note: Citrini7's cyberpunk-themed AI doomsday prophecy has sparked widespread discussion across the internet. However, this article presents a more pragmatic counter perspective. If Citrini envisions a digital tsunami instantly engulfing civilization, this author sees the resilient resistance of the human bureaucratic system, the profoundly flawed existing software ecosystem, and the long-overlooked cornerstone of heavy industry. This is a frontal clash between Silicon Valley fantasy and the iron law of reality, reminding us that the singularity may come, but it will never happen overnight.


The following is the original content:


Renowned market commentator Citrini7 recently published a captivating and widely circulated AI doomsday novel. While he acknowledges that the probability of some scenes occurring is extremely low, as someone who has witnessed multiple economic collapse prophecies, I want to challenge his views and present a more deterministic and optimistic future.


Never Underestimate "Institutional Inertia"


In 2007, people thought that against the backdrop of "peak oil," the United States' geopolitical status had come to an end; in 2008, they believed the dollar system was on the brink of collapse; in 2014, everyone thought AMD and NVIDIA were done for. Then ChatGPT emerged, and people thought Google was toast... Yet every time, existing institutions with deep-rooted inertia have proven to be far more resilient than onlookers imagined.


When Citrini talks about the fear of institutional turnover and rapid workforce displacement, he writes, "Even in fields we think rely on interpersonal relationships, cracks are showing. Take the real estate industry, where buyers have tolerated 5%-6% commissions for decades due to the information asymmetry between brokers and consumers..."


Seeing this, I couldn't help but chuckle. People have been proclaiming the "death of real estate agents" for 20 years now! This hardly requires any superintelligence; with Zillow, Redfin, or Opendoor, it's enough. But this example precisely proves the opposite of Citrini's view: although this workforce has long been deemed obsolete in the eyes of most, due to market inertia and regulatory capture, real estate agents' vitality is more tenacious than anyone's expectations a decade ago.


A few months ago, I just bought a house. The transaction process mandated that we hire a real estate agent, with lofty justifications. My buyer's agent made about $50,000 in this transaction, while his actual work — filling out forms and coordinating between multiple parties — amounted to no more than 10 hours, something I could have easily handled myself. The market will eventually move towards efficiency, providing fair pricing for labor, but this will be a long process.


I deeply understand the ways of inertia and change management: I once founded and sold a company whose core business was driving insurance brokerages from "manual service" to "software-driven." The iron rule I learned is: human societies in the real world are extremely complex, and things always take longer than you imagine — even when you account for this rule. This doesn't mean that the world won't undergo drastic changes, but rather that change will be more gradual, allowing us time to respond and adapt.


The Software Industry Has "Infinite Demand" for Labor


Recently, the software sector has seen a downturn as investors worry about the lack of moats in the backend systems of companies like Monday, Salesforce, Asana, making them easily replicable. Citrini and others believe that AI programming heralds the end of SaaS companies: one, products become homogenized, with zero profits, and two, jobs disappear.


But everyone overlooks one thing: the current state of these software products is simply terrible.


I'm qualified to say this because I've spent hundreds of thousands of dollars on Salesforce and Monday. Indeed, AI can enable competitors to replicate these products, but more importantly, AI can enable competitors to build better products. Stock price declines are not surprising: an industry relying on long-term lock-ins, lacking competitiveness, and filled with low-quality legacy incumbents is finally facing competition again.


From a broader perspective, almost all existing software is garbage, which is an undeniable fact. Every tool I've paid for is riddled with bugs; some software is so bad that I can't even pay for it (I've been unable to use Citibank's online transfer for the past three years); most web apps can't even get mobile and desktop responsiveness right; not a single product can fully deliver what you want. Silicon Valley darlings like Stripe and Linear only garner massive followings because they are not as disgustingly unusable as their competitors. If you ask a seasoned engineer, "Show me a truly perfect piece of software," all you'll get is prolonged silence and blank stares.


Here lies a profound truth: even as we approach a "software singularity," the human demand for software labor is nearly infinite. It's well known that the final few percentage points of perfection often require the most work. By this standard, almost every software product has at least a 100x improvement in complexity and features before reaching demand saturation.


I believe that most commentators who claim that the software industry is on the brink of extinction lack an intuitive understanding of software development. The software industry has been around for 50 years, and despite tremendous progress, it is always in a state of "not enough." As a programmer in 2020, my productivity matches that of hundreds of people in 1970, which is incredibly impressive leverage. However, there is still significant room for improvement. People underestimate the "Jevons Paradox": Efficiency improvements often lead to explosive growth in overall demand.


This does not mean that software engineering is an invincible job, but the industry's ability to absorb labor and its inertia far exceed imagination. The saturation process will be very slow, giving us enough time to adapt.


Redemption of "Reindustrialization"


Of course, labor reallocation is inevitable, such as in the driving sector. As Citrini pointed out, many white-collar jobs will experience disruptions. For positions like real estate brokers that have long lost tangible value and rely solely on momentum for income, AI may be the final straw.


But our lifesaver lies in the fact that the United States has almost infinite potential and demand for reindustrialization. You may have heard of "reshoring," but it goes far beyond that. We have essentially lost the ability to manufacture the core building blocks of modern life: batteries, motors, small-scale semiconductors—the entire electricity supply chain is almost entirely dependent on overseas sources. What if there is a military conflict? What's even worse, did you know that China produces 90% of the world's synthetic ammonia? Once the supply is cut off, we can't even produce fertilizer and will face famine.


As long as you look to the physical world, you will find endless job opportunities that will benefit the country, create employment, and build essential infrastructure, all of which can receive bipartisan political support.


We have seen the economic and political winds shifting in this direction—discussions on reshoring, deep tech, and "American vitality." My prediction is that when AI impacts the white-collar sector, the path of least political resistance will be to fund large-scale reindustrialization, absorbing labor through a "giant employment project." Fortunately, the physical world does not have a "singularity"; it is constrained by friction.


We will rebuild bridges and roads. People will find that seeing tangible labor results is more fulfilling than spinning in the digital abstract world. The Salesforce senior product manager who lost a $180,000 salary may find a new job at the "California Seawater Desalination Plant" to end the 25-year drought. These facilities not only need to be built but also pursued with excellence and require long-term maintenance. As long as we are willing, the "Jevons Paradox" also applies to the physical world.


Towards Abundance


The goal of large-scale industrial engineering is abundance. The United States will once again achieve self-sufficiency, enabling large-scale, low-cost production. Moving beyond material scarcity is crucial: in the long run, if we do indeed lose a significant portion of white-collar jobs to AI, we must be able to maintain a high quality of life for the public. And as AI drives profit margins to zero, consumer goods will become extremely affordable, automatically fulfilling this objective.


My view is that different sectors of the economy will "take off" at different speeds, and the transformation in almost all areas will be slower than Citrini anticipates. To be clear, I am extremely bullish on AI and foresee a day when my own labor will be obsolete. But this will take time, and time gives us the opportunity to devise sound strategies.


At this point, preventing the kind of market collapse Citrini imagines is actually not difficult. The U.S. government's performance during the pandemic has demonstrated its proactive and decisive crisis response. If necessary, massive stimulus policies will quickly intervene. Although I am somewhat displeased by its inefficiency, that is not the focus. The focus is on safeguarding material prosperity in people's lives—a universal well-being that gives legitimacy to a nation and upholds the social contract, rather than stubbornly adhering to past accounting metrics or economic dogma.


If we can maintain sharpness and responsiveness in this slow but sure technological transformation, we will eventually emerge unscathed.


Source: Original Post Link


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