Resolve the integration of Media Encrypt and Rag Radio to create a global web3 publishing company

Media Encrypt and Rear radio They announced their intention to create the world's largest decentralized publishing company. Named by code [REDACTED]The alliance aims to revolutionize the tech-media, bringing together the forces of content creation and consumption.

Under the terms of the integration, eligible members of Rug's farflung community can collaborate with Decrypt editors to produce editorial content on a variety of topics. In return, Decrypt Editor's staff will gain access to the Rug Creator platform, a proprietary video editing tool. In association with Arbitrum, [REDACTED] He intends to build a powerful advertising network [REDACTED] and other associated publishers.

The merger will be completed by the end of January.

“We stand on the brink of a new media era,” said CEO Locksley Fernandes. [REDACTED]. “We are poised to pioneer the future of decentralized media by combining the credibility of Decrypt Journalism with Rugged Radio's discovery platform.”

Rag Radio, a global leader in decentralized content creation, boasts a dynamic community of many creators and thousands of active members in The DAO. Decrypt Media, known for its independent publication that aims to demystify the Web3 world, draws millions of people to its website each month for news and education. Together, the institutions are expected to reach more than 10 million people each month.

In the year “This is an example of a one-plus-one-three equation,” said Josh Quitner, who founded Decrypt in 2018. “We hope that by joining forces with the rag team and the community, we will one day be able to achieve our dream. Decrypt everything.'

After the merger, [REDACTED] It plans to introduce a token to establish a media ecosystem that benefits consumers, creators and advertisers. The initiative aims to nurture a sustainable, inclusive and fair media environment.

“The new token will strengthen our network,” said Farooq Sarmad, founder of Rag Radio and recently elected president. [REDACTED]. “[REDACTED]Its mission is to create a fair relationship between content producers and consumers, where each interaction contributes to the value of the network.Added Sarmad: “This merger represents a significant leap forward in the quest for a more democratized media sphere—one where the distinction between content creators and viewers is fading into oblivion.”

During the announcement at Art Basel in Miami Beach last night, the [REDACTED] The group has revealed its plan to partner exclusively with Layer 2 blockchain Arbitrum as the backbone of a newly designed media ecosystem. The Arbitrum partnership leverages blockchain's potential to handle high-frequency micro-transactions at low cost, ensuring a smooth and efficient user experience.

“[REDACTED] It is poised to pioneer a new era in economic Web3 advertising and user rewards, and Arbitrum says it is well-suited to meet the needs of many new and fast-growing communities. Nina Rong of the Arbitrum Foundation.The chain supports various programs offered by the media group and creates a new precedent for building an economic community on the blockchain.

Decrypt was initially created by Consensys Mesh, and then tested Raising $10 million by April 2022. Consensys is the holder of Rug tokens and an active participant in the DAO.

Consensus Mesh Chairman Joseph Lubin attended last night's announcement, which he celebrated as a wedding, calling it a new phase of crypto that welcomes users to Main Street.

“Decentralized media plays an important role in the age of society,” he said. “This integration represents a major step forward towards a more democratic media landscape, where value is distributed equally between viewers and creators.”

Following the announcement at the “Rug House” – a sprawling Spanish colony in Miami – Lubin, Fernandez and Sarmad jumped from the stage into the swimming pool to celebrate the nuptials. Quitner, who was recovering from a broken leg, did not. “If I could, I would,” he said.