Pyth Network (PYTH) - A vision that goes beyond decentralized finance towards a data market:
Vision: Pyth aims to transition from the realm of decentralized finance (DeFi) to a massive data market exceeding $50 billion, by providing a reliable source of data for institutions.
Phase Two: Building a corporate-level data subscription product, opening new doors for widespread use of the network's data source.
Institutional Adoption: Pyth Network seeks to become the comprehensive and reliable source of market data, facilitating institutions to adopt and rely on their technologies in their operations.
Using the Token (PYTH): The PYTH token enables contributors to receive incentives, encouraging participation in the network and stimulating its expansion and development.
In summary:
Objective: Entering the massive data market instead of focusing on decentralized finance.
Product: Corporate-level data subscription.
Benefits for Institutions: A reliable and comprehensive data source.
Benefits for PYTH token holders: Receiving incentives and rewards.
This post aims to clarify the core vision of Pyth Network, which is the transition to a new sector reliant on data, and to explain how this can be achieved through products and tokens that encourage institutional adoption.
