In a dynamic move to foster innovation in the blockchain space, Pyth Network, a formidable oracle provider for financial market data, has formed a strategic alliance with Blast, an Ethereum Layer 2 blockchain that pioneers native yield for ETH and stablecoins. On the other hand, critical developments for SEI coin and many other altcoins attracted attention. Here are the details…
Critical developments for SEI coin and these cryptos
The partnership between Pyth and Blast attracted attention
Pyth Network, a leading oracle provider for financial market data, recently announced a strategic collaboration with Blast, an innovative Ethereum Layer 2 blockchain focused on native yield for ETH and stablecoins. This partnership marks a significant step towards expanding the capabilities of both platforms by offering developers improved access to real-time price sources and decentralized randomness.
Pyth Network has successfully deployed its on-chain random number solution Pyth Entropy and robust price feed system Price Feeds to the Blast network. This integration enables developers at Blast to leverage over 400 real-time price sources and a new layer of randomness, paving the way for the creation of sophisticated DeFi primitives and innovative Web3 initiatives. The partnership establishes Pyth Network as the preferred oracle partner in the Blast ecosystem. Blast developers will benefit from Pyth Network’s secure, reliable, and low-latency sources of financial data and randomness. This collaboration aims to support the development of cutting-edge Web3-native services on the Blast network, providing mutual advantages for both platforms.
Blast launches its testnet
Blast, a layer2 solution, is positioned to unlock a decentralized economy fueled by DeFi, NFTs and SocialFi. With faster and more cost-effective transactions, Blast users can now earn returns on their ETH and stablecoins. The project has the support of leading investors such as Paradigm, Standard Crypto and eGirl Capital. In other news, on January 17, Blast’s founder Pacman announced that Blast’s test network has been officially launched. Simultaneously, Blast introduced the “Blast BIG BANG” event and encouraged developers to bring their Dapps for deployment, showcasing the scalability and innovation of the platform.
Critical developments for SEI coin, MAP and Bitcoin
The crypto world witnessed several notable events on January 17. Seiyans, a Sei ecological NFT project, announced the launch of SeiyanSwap, a trading platform that offers unique incentives for NFT transactions. Additionally, MAP Protocol, a Bitcoin Layer 2 project, received strategic investment from Bitrise Capital Growth Fund. Ego Death Capital has launched a new funding round aiming to raise $100 million for the growth of the Bitcoin ecosystem.
Large investment for Canza Finance
Blockchain finance company Canza Finance recently completed a $2.3 million strategic financing with Polychain leading the investment. The funds will be used to further develop tools and services aimed at reducing the cost of doing business on the African continent.
LK Venture’s strategic partnership with Web3Labs
LK Venture, a subsidiary of Linekong Interactive, announced a comprehensive strategic partnership with Web3Labs on January 17. The collaboration aims to strengthen investment and incubation in the Web3 space by focusing on various areas such as Bitcoin network ecology, AI and Web3 intersection, blockchain games, Ethereum second layer applications, and emerging blockchain technology stacks.
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