Pyth Network Teams Up with Sony Group and Startale Labs for Real-Time Price Oracle Deployment on Soneium.
In Brief
In a strategic partnership, Pyth Network is joining forces with Sony Group and Startale Labs to embed its real-time price oracle technology into the innovative blockchain platform known as Soneium.
Oracle service Pyth Network announced that it has partnered with Sony Group Sony Group, renowned for its electronics and tech innovations, in collaboration with the Web3-focused Startale Labs, is pushing the envelope in blockchain technology. Startale Labs The collaboration aims to seamlessly integrate Pyth Network’s real-time price oracle into Soneium, a novel blockchain ecosystem created by Sony Block Solutions Labs.
This partnership seeks to elevate the blockchain landscape for developers, applications, and users, positioning Pyth Network as a critical contributor to Sony’s Web3 ecosystem.
Unveiled last week, Soneium is a cutting-edge blockchain initiative from Sony Block Solutions Labs, designed to cultivate an inclusive internet that bridges cultural gaps and connects diverse communities.
Soneium is designed to be a robust platform offering rapid transaction speeds and high throughput while creating an environment that nurtures developers. Integrating Pyth’s Price Feeds will enable developers on the Soneium blockchain to access over 500 ultra-low-latency price feeds, ensuring their applications are equipped with market data akin to that utilized by institutional players.
As part of this initiative, Sony Group and Startale Labs have introduced the Soneium Spark incubation program, aimed at supporting nascent projects in areas such as decentralized finance (DeFi), advancements in the Web3 space, and an open category for various types of creators.
The program will act as a supportive foundation and incubation partner from its inception, with the goal of increasing developer participation on Soneium’s testnet. Successful projects are expected to transition to Soneium’s mainnet. Pyth Network Pyth Network serves as an oracle platform that links data providers with applications across numerous blockchains. It aggregates insights from over 100 trusted sources, including major exchanges and global market makers, enhancing the credibility and reliability of applications it supports across more than 70 blockchains.
Collaborating with The Open Network (TON), which is a Layer 1 blockchain, to provide developers with accurate market data.
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In line with the Trust Project guidelines Alisa, a passionate journalist at Cryptocurrencylistings, focuses on cryptocurrency, zero-knowledge proofs, investments, and the vast Web3 landscape. With an adept understanding of emerging trends and technologies, she provides thorough reporting that engages and informs readers in the ever-changing world of digital finance.
