Pyth Network Announces New Fundraising Round
Pyth Network, the recently launched Oracle project, has introduced strategic partners including Castle Island Ventures, Multicoin Capital, and Wintermute Ventures.
Pyth, the oracle project providing price data on blockchains, revealed a strategic fundraising round on December 5. Major names from investment funds and market makers will support Pyth in shaping the project’s future direction.
According to the announcement, the Pyth Data Association, a non-profit organization focused on Pyth’s development, disclosed the companies participating in this fundraising round, including Castle Island Ventures, Multicoin Capital, Wintermute Ventures, Borderless Capital, CMT Digital, Bodhi Ventures, Distributed Global, and Delphi Digital.
This fundraising round expands the Pyth community and engages entities driving decentralized capital markets. These parties will aid in network growth by enhancing resource access and participating in protocol governance, as well as providing strategic guidance.
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