It's crazy when you begin to map out the world of market data and how it's been left behind from the transformations we've had in video, music, shopping over the past 15 years.
For everything else, there emerged a kickass subscription that keeps getting better over time which replaces a fragmented set of partial coverage (amazon, netfix, spotify).
Pyth is working to make this:
Become this:
Last night, I watched a podcast with @mdomcahill, CEO of DoroLabs, the main development company behind @PythNetwork.
I really liked Mike's comparison of Pyth to Spotify in the world of financial data. He said that the main goal when creating the project was to make access to data as simple and universal as finding music on Spotify.
Traditional platforms like Bloomberg cost around $30,000 per year, making them inaccessible for many, so the Pyth team decided to solve this problem by providing real-time data to anyone who needs it.
Mike noted that the team has ambitious plans for the future. Pyth is preparing to transform the financial industry, and at Korea Blockchain Week there will be an announcement of something truly significant, so we’re waiting with anticipation.
I’ll leave a link to the podcast, many interesting things were said.
3.9K
52
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.