Bittime - The world of decentralized finance ( DeFi ) has exciting news coming! Laser Digital, the digital asset subsidiary of financial giant Nomura, has officially joined as a data provider for Pyth Network.
This strategic collaboration marks a major step for Laser Digital in its mission to 革新 (géxīn - revolutionize) the access and use of financial market data in the DeFi sector.
Pyth Network: Leading Oracle Network
Founded in April 2021, Pyth Network has quickly become one of the leading oracle networks on the market. The network aggregates data from more than 90 first-party providers, including trading firms, market makers, and leading crypto and traditional exchanges from around the world.
By joining Pyth Network, Laser Digital brings a wealth of knowledge and experience from the conventional banking sector to the fast-growing world of DeFi.
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Digital Laser Contribution: Focus on Crypto Price Data
Initially, Laser Digital's contribution will focus on providing crypto price data. Currently, Pyth Network has more than 400 data streams (price feeds) covering various asset classes, from digital assets to traditional assets such as stocks, ETFs , foreign exchange and commodities.
This collaboration comes just in time, as the blockchain industry demands high-frequency, low-latency on-chain data to support increasingly sophisticated DeFi applications.
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Partnership for DeFi Innovation
This collaboration comes at a time when Pyth Network is experiencing significant growth. Mike Cahill, CEO of Douro Labs (an important part of the Pyth ecosystem), expressed his enthusiasm, "We are thrilled to see Laser Digital join the Pyth Network. This is a fantastic step forward in building a leading financial markets data oracle for Web3."
Jez Mohideen, CEO of Laser Digital, is equally enthusiastic. "We are enthusiastic to support Pyth Network as a decentralized data provider. We look forward to leveraging our expertise and experience to contribute to the growth of the Pyth ecosystem," he said.
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Digital Laser: Leading the Future of Digital Finance
Laser Digital, under the umbrella of Nomura, continues to break the boundaries of the world of digital finance. They offer a variety of services, from trading and asset management to venture investments.
Laser Digital operates with a commitment to high standards in risk management, compliance and commercial viability, and is driven by a dedication to more responsible digital asset engagement.
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Pyth Network: DeFi's Flagship Oracle Network
Pyth Network is a leading first-party oracle network that provides critical financial market data on-chain for decentralized applications.
With a wide network of data providers, Pyth Network provides real-time and accurate price data streams for various asset classes across more than 50 blockchains. This has become a new standard for data reliability and accessibility in the DeFi space.
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DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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