Pyth Network, the public decentralized data infrastructure that empowers the next generation of financial applications, and Sony Block Solution Labs announced the deployment of Pyth Price Feeds on the recently announced Soneium blockchain. Pyth is the first oracle provider to deploy price feeds to the chain, so all projects building on Soneium at launch will use Pyth Network for market data.
Pyth Price Feeds provide Soneium developers with real-time, high-fidelity price data across multiple asset classes. This reliable data will be essential for building a variety of applications on Soneium’s high performance blockchain including DeFi protocols, Web3 games, and NFT marketplaces, as well as entertainment-related services. In addition to providing developers with the most accurate and efficient market data feeds, Pyth will also be work with Sony Block Solutions Labs on the Soneium Spark incubation program, designed to support early-stage projects across a variety of sectors, including DeFi, Web3 Experience, and an Open Category for all creators.
This collaboration further demonstrates Pyth Network’s role as the public infrastructure that will allow Soneium developers to create dApps that deliver experiences on the same level as apps through this integration into their high-performance blockchain designed to create an open internet. Sony Group will accelerate the adoption of blockchain technology, and it will be powered by Pyth Network.
