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<p class="is-style-lead">Decrypt has signed a letter of intent to merge with Rug Radio to double down on web3 content.</p> 
<p>Crypto media website Decrypt is set to merge with Rug Radio, a decentralized content creator platform, to create a joint venture on <a href="https://crypto.news/tag/arbitrum" target="_blank" rel="noreferrer noopener">Arbitrum</a> aimed at boosting <a href="https://crypto.news/tag/web3/" target="_blank" rel="noreferrer noopener">web3</a> content, </p> 
<p>According to a <a href="https://decrypt.co/209209/decrypt-rug-radio-merger-web3-publishing" target="_blank" rel="noreferrer noopener">report</a> published on Dec. 10, 2023, the agreement will allow Rug Radio’s select community members the opportunity to “craft editorial content on a wide range of topics in collaboration with Decrypt’s editors.”</p> 
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   <p lang="en" dir="ltr">We are excited to announce that we will be merging with <a href="https://twitter.com/decryptmedia?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@decryptmedia</a> and integrating them into our ecosystem. <a href="https://t.co/Uz8TlQUMTG" target="_blank">pic.twitter.com/Uz8TlQUMTG</a></p>— Rug Radio (@RugRadio) <a href="https://twitter.com/RugRadio/status/1733649139139817570?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">December 10, 2023</a>
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<p> You might also like: <a href="https://crypto.news/forbes-partners-with-galxe-to-build-web3-community/"> Forbes partners with Galxe to build web3 community </a> </p> 
<p>Decrypt’s editorial team will also get access to Rug Radio’s creator platform, and plans in partnership with Arbitrum to build an “ad-tech network.” According to <a href="https://www.axios.com/2023/12/10/decrypt-rug-radio-merge-crypto" target="_blank" rel="noreferrer noopener">Axios</a>, the alliance will be chaired by Josh Quittner, the current head of Decrypt. The both companies have signed a letter of intent, while the merger is expected to be completed by the end of January 2024.</p> 
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 <img loading="lazy" decoding="async" width="918" height="505" src="https://crypto.news/app/uploads/2023/12/lsdhfijds.png" alt="Crypto news website Decrypt merges with Rug Radio - 28" class="wp-image-14225742">
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  RUG price in USD over the past seven days | Source: CoinMarketCap
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<p>Rug Radio’s utility token RUG experienced a short jump in daily trading volume, from $0 to $962, following the news, according to CoinMarketCap. As of press time, RUG is trading at $0.031.</p> 
<p>After the merger, the joint venture is planning to issue a token to “nurture a sustainable, participatory, and equitable media environment.” Nina Rong, Head of Ecosystem Development at Arbitrum Foundation, said the layer-2 network will “support the various programs offered by the media group.”</p> 
<p> Read more: <a href="https://crypto.news/crypto-exchange-bullish-acquires-coindesk-from-digital-currency-group/"> Crypto exchange Bullish acquires CoinDesk from Digital Currency Group </a> </p>

Crypto news website Decrypt merges with Rug Radio

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