Decrypt (website)
{{Notability|1=Companies|date=March 2025}}
{{Infobox website
| name = Decrypt
| logo = Decrypt logo.svg
| screenshot =
| caption =
| collapsible =
| url = {{URL|https://decrypt.co/}}
| commercial = Yes
| type = News site
| registration = Optional
| language= English
| owner =
| author =
| location = New York City
| users =
| launch_date = {{Start date and age|2018}}
}}
Decrypt is an online newspaper focused on blockchain, Web3 and artificial intelligence.{{cite news |title=Decrypt Manifesto |journal=Decrypt |url=https://decrypt.co/en-US/manifesto |access-date=30 March 2025 |archive-date=30 March 2025 |archive-url=https://web.archive.org/web/20250330183216/https://decrypt.co/en-US/manifesto |url-status=live}}
History
Decrypt was founded in 2018 during the crypto winter by Josh Quittner, Ilan Hazan, and Ryan Bubinskithe. The company was tied to the incubator ConsenSys Mash.{{cite news |date=3 May 2022 |title=Decrypt Raises $10M in Funding and Spins Out from ConsenSys Mesh |journal=Business Wire |url=https://www.businesswire.com/news/home/20220503005440/en/Decrypt-Raises-%2410M-in-Funding-and-Spins-Out-from-ConsenSys-Mesh |access-date=30 March 2025 |archive-date=30 March 2025 |archive-url=https://web.archive.org/web/20250330185243/https://www.businesswire.com/news/home/20220503005440/en/Decrypt-Raises-%2410M-in-Funding-and-Spins-Out-from-ConsenSys-Mesh |url-status=live}}
In 2021, the company hired journalists Dan Roberts (from Yahoo Finance), John Roberts (from Fortune), and Alanna Roazzi-Laforet (from Condé Nast and IAB), plus staff from ABC News and The Street. In the same year, Decrypt made a partnership with Protocol Labs for the distribution of the Filecoin cryptocurrency according to the users engagement with its website.{{cite news |last=Stenberg |first=Mark |title=Crypto Publisher Decrypt Launches Token Cryptocurrency for NFTs |date=18 March 2021 |journal=Adweek |url=https://www.adweek.com/media/crypto-publisher-decrypt-launches-token-cryptocurrency-for-nfts/ |access-date=30 March 2025 |archive-date=30 March 2025 |archive-url=https://web.archive.org/web/20250330190047/https://www.adweek.com/media/crypto-publisher-decrypt-launches-token-cryptocurrency-for-nfts/ |url-status=live}}
In 2023, Decrypt raised US$10 million through 22 angel investors, such as Hack.VC, Hashkey Capital, Canvas Ventures, Protocol Labs, SK Group, Global Coin Research DAO, Own.fund, Honey DAO and Orange DAO, and became independent from Consensys.{{cite news |last=Bhardwaj |first=Shashank |title=Crypto publication Decrypt raises $10 million at $50 million valuation |journal=Forbes India |url=https://www.forbesindia.com/article/crypto-made-easy/crypto-publication-decrypt-raises-10-million-at-50-million-valuation/75955/1 |access-date=30 March 2025 |archive-date=30 March 2025 |archive-url=https://web.archive.org/web/20250330185624/https://www.forbesindia.com/article/crypto-made-easy/crypto-publication-decrypt-raises-10-million-at-50-million-valuation/75955/1 |url-status=live}}{{cite book |title=Digital Entertainment as Next Evolution in Service Sector |chapter=Modern-Day Gaming and the Role of FinTech Applications in Popularising Various Entertainment Platforms Across the World |last=Das |first=Subhankar |editor-first1=Subhankar |editor-first2=Saikat |editor-last1=Das |editor-last2=Gochhait |chapter-url=https://link.springer.com/chapter/10.1007/978-981-19-8121-0_11 |year=2023 |publisher=Palgrave Macmillan |isbn=978-981-19-8120-3 |doi=10.1007/978-981-19-8121-0 |pages=163–180}} In the same year, Decrypt declared its intentions to merge with Rug Radio.{{cite news |last=Fisher |first=Sara |title=Exclusive: Crypto media site Decrypt merges with decentralized media firm Rug Radio |date=9 December 2023 |journal=Axios |url=https://www.axios.com/2023/12/10/decrypt-rug-radio-merge-crypto |access-date=30 March 2025 |archive-date=30 March 2025 |archive-url=https://web.archive.org/web/20250330191319/https://www.axios.com/2023/12/10/decrypt-rug-radio-merge-crypto |url-status=live}}
Subsidiaries
=Decrypt Studios=
Decrypt Studios is a subsidiary from Decrypt released on July 2021. It focuses on NFTs and fashion, entertainment and real estate in virtual worlds.{{cite news |last=Stenberg |first=Mark |title=Decrypt Media's New NFT Production Studio Is Generating 6-Figure Revenues |date=6 January 2022 |journal=Adweek |url=https://www.adweek.com/media/decrypt-medias-new-nft-production-studio-is-generating-six-figure-revenues/ |access-date=30 March 2025 |archive-date=30 March 2025 |archive-url=https://web.archive.org/web/20250330190445/https://www.adweek.com/media/decrypt-medias-new-nft-production-studio-is-generating-six-figure-revenues/ |url-status=live}}