Decrypt is merging with Rug Radio

Decrypt, the news website covers crypto and web3, has signed a letter of intent to merge with Rug Radio, a decentralized media company for web3 creators, reports Sara Fischer of Axios.

Fischer reports, “The deal brings Decrypt further into the web3 ecosystem and gives Rug Radio and its ad partners closer proximity to the journalism brand and access to wider distribution.

“Catch up quick: Decrypt was formed with seed funding from ConsenSys Mesh, a blockchain startup incubator, in 2018. It spun out from ConsenSys Mesh after raising $10 million in 2022.

“In an interview, ConsenSys Mesh founder Joseph Lubin — who is also the co-founder of Ethereum — said his team has been pushing Decrypt to edge further into the web3 ecosystem.”

Read more here.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.