Decrypt and Rug Radio’s newly launched MYRIAD digital media ecosystem is kicking things off in style with its first Community Contest, in partnership with NFT collection Pudgy Penguins.Prizes in the contest include two Lil’ Pudgys NFTs awarded in a raffle, along with 50 Faces of Web3 NFTs for the top traders and top predictors on the MYRIAD platform.
“We’re thrilled to be teaming up with the iconic Pudgy Penguins collection for our inaugural MYRIAD Community Contest,” said Ilan Hazan, Co-Founder and COO at Decrypt and Rug Radio’s parent company DASTAN. “Pudgy Penguins was Decrypt’s 2023 NFT Project of the Year, bucking the downward trend by building through the bear market and bringing their cuddly characters to the mainstream through physical product launches and video games.”
Image: MYRIAD
NFT collection Pudgy Penguins has expanded beyond digital assets, with over $10 million in physical toy sales through major retailers including Walmart, Target, and Walgreens. The collection is set to launch its first video game, Pudgy Party, on iOS and Android in 2025, and recently announced the launch of its PENGU token on the Solana blockchain.
How to enter
In MYRIAD’s Community Contests, users of the MYRIAD app and extension can take part in activities in the Decrypt and Rug Radio digital media ecosystems to earn in-platform points, which can be bet on MYRIAD prediction markets and traded within the ecosystem (note: points have no real-world monetary value).
Each point earned during the Community Contest corresponds to a Lil’ Pudgy NFT Raffle ticket, with points earned counted according to the Top Traders leaderboard. A Raffle will be run for each of the two Lil’ Pudgy NFT, with the winner of the first removed from subsequent Raffles.
Image: MYRIAD
The top traders competition will see 25 Faces of Web3 NFTs awarded to the top 25 traders on the MYRIAD leaderboard, with the tie breaker set as the number of correct predictions. A further 25 Faces of Web3 NFTs will be awarded to the 25 users with the highest number of correct predictions on MYRIAD, with the tie breaker set as their points earnings. If someone scores a double win across the Top Traders and Top Predictors categories, they will receive one Faces of Web3 NFT from the Top Traders leaderboard, with their Top Predictors spot passing to the next eligible participant.
Pudgy Penguins and Lil’ Pudgys holders can also claim bonus points in MYRIAD Quests, with Pudgy Penguins NFT holders qualifying for 2,000 points per Pudgy Penguin, up to a maximum of 10,000 points, and Lil’ Pudgys holders eligible for 200 points per NFT, up to a maximum of 1,000 points.
The contest will run from December 7, 2024. Join the Pudgy Penguins at myriad.markets and predict the future!
Daily Debrief Newsletter
Start every day with the top news stories right now, plus original features, a podcast, videos and more.
