Pyth Community has partnered with Sony Group to deploy the Pyth Value Feeds on Soneium, Sony’s Layer-2 blockchain platform on Ethereum.
Pyth’s partnership with Sony Group additionally contains Startale, the web3 tech platform behind a number of blockchain functions.
Sony just lately launched Soneium
Sony Group, by way of its blockchain arm Sony Block Options Labs, collaborated with Startale Labs to unveil Soneium.
The brand new layer-2 answer is constructed with Optimism’s OP Stack – the expertise that additionally powers Coinbase’s Ethereum L2 platform Base. Worldcoin additionally used the OP Stack for its World Chain undertaking.
On August 28, the Soneium crew introduced the L2 community’s Minato testnet.
The layer-2 answer may also unveil Soneium Spark, an incubation program geared toward bootstrapping the undertaking’s ecosystem.
In line with Sony Block Options, Soneium eyes traction as a world Web3 infrastructure platform, with targets being to drive adoption and use instances that leverage Sony Group’s large progress potential.
Pyth worth feeds go reside on Soneium testnet
In line with a weblog submit by Pyth Community, the collaboration with Sony Group and Startale sees the launch of real-time worth feeds on Soneium.
The deployment will enhance developer exercise and person expertise on Soneium, with Pyth Community powering the L2 platform’s rising Web3 ecosystem.
Pyth Value Feeds will supply dependable and high-fidelity knowledge to assist builders and decentralized functions carry conventional media and leisure on-chain through Soneium Spark.
“Soneium Spark is on the forefront of bridging Web3 and Web2, startups and enterprises, and progressive builders and the mass market. By welcoming Pyth as an infrastructure accomplice, we’re not simply increasing the chances for builders but additionally reinforcing our mission to go mainstream with blockchain expertise,” Sota Watanabe, head of Sony Block Resolution Labs, stated.
Watanabe can also be the chief government officer of Startale.
Pyth Community market progress
Pyth Community at the moment presents entry to greater than 500 real-time worth feeds, with over 100 knowledge suppliers.
The Oracle community additionally boasts greater than 70 blockchain integrations and delivers worth feeds to over 390 decentralized functions (dApps).
Ecosystems on Soneium that can profit from Pyth’s integration embrace gaming and DeFi.
The value of Pyth Community’s native token PYTH rose barely following the information.
After crashing to lows of $0.26 amid a broader market downturn, PYTH/USD is at the moment buying and selling above $0.28.
The altcoin is nevertheless down 5% up to now week and -23% up to now 30 days. Its 24-hour buying and selling quantity has decreased 15%, whereas its market cap is simply over $1 billion.
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