Myriad Protocol Rolls Out Expansion to Ethereum L2 Linea

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

“Predictions now have a home on Linea,” said Loxley Fernandes, co-founder and CEO of Myriad’s parent company DASTAN. He added that, “The Linea team is about to really push hard on creating some more resources for Ethereum users, and making some noise, and we want to be a part of that.”

The integration marks a “huge milestone” for Myriad, said DASTAN co-founder and COO Ilan Hazan in a blog post announcing the news. He added that protocol support for Linea will enable Myriad to scale more efficiently, bringing prediction contracts to the platform’s hundreds of thousands of monthly active users and laying the groundwork for its future multichain expansion.

“A new class of DeFi products”

The expansion comes some six months after Myriad’s launch on Abstract, with Hazan keen to point out that “we’re not moving from Abstract, we’re just extending.”

Myriad Protocol, he explained, will power Myriad Markets on Abstract as well as implementations on other chains. “Ultimately, we don’t look at chains as just chains—we look at them as ecosystems,” Hazan said. “If we need to move to another chain to address another ecosystem, another community, it makes sense to do it—and then we scale.”

“The goal behind Myriad was not ever to just create a single, small destination,” said Fernandes, speaking on Rug Radio’s FOMO Hour. “It was really to look at prediction contracts much in the way that ERC-20s exist, and that is as a new class of DeFi products,” With the launch of Myriad Protocol, he said, “wherever it is that you’re operating, wherever it is that you have your capital on-chain, we want to serve you with an opportunity to participate in this new class of DeFi products.”

With Myriad developers “cooking, building an entire pipeline of product,” Fernandes said, “there’s a lot coming on the distribution side.” The company is gearing up to deliver on its mission to introduce “infrastructure that changes the way that people consume content and that people create and distribute content around the world,” he added, with future plans including restaking.

“Whatever you thought about Myriad,” said DASTAN co-founder and President Farokh Sarmad, “you’ve got to think 10x bigger at this stage.”