Decrypt News and Web3 platform Rug Radio have announced a merger to leverage each other's advantages and maintain brand independence. Both entities will retain their brands, identities, and staff.

Rug Radio is a Web3 content platform that earns 25% of fees from agreements between creators and advertisers. Decrypt generates revenue from selling its own Web3 content advertising.

This merger is the third media deal in just one month, indicating a trend of consolidation within the cryptocurrency news industry.

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