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Pyth Network proudly welcomes Releap to the powered by Pyth data, to provide high-quality and reliable pricing information for their platform.

Introduction to Releap

Releap is the first music NFT marketplace in Solana where artists can publish tracks as a set of NFTs. The platform supports minting your own music NFT. As a music NFT marketplace that can communicate with any NFT dapp in the Solana ecosystem.

The platform aims to give both established and up-and-coming artists new opportunities for fan engagement, exposure, and financial gain.

Users of the Releap platform can directly support their favorite creators. While also discovering new music from the platform’s expanding community of creators. Additionally, it facilitates the purchase and sale of Solana music NFTs on the Releap Exchange.

The artist can choose which of their posts will be public and which will be reserve for NFT holders using Releap Circles. A user can view every post made by a specific artist if she has an NFT belonging to that artist.

Releap uses Pyth data feeds to translate the NFT prices for music from SOL to USD.

About Releap

Releap, a protocol for music distribution that allows musicians to publish their tracks as a collection of NFTs that can be found, enjoyed, and traded on chain. They want to empower emerging and major artists with news ways of gaining exposure, engaging with fans and monetizing their work.
They envision music NFTs to become a creator tool in facilitating meaningful interactions between artists and fans. And a valuable and composable asset class that has strong utility in web3, gaming and the metaverse.

Website | Twitter

About Pyth Network

Pyth Network, a specialize oracle solution for latency-sensitive financial data that is typically keep behind the “walled gardens’’ of centralized institutions. Pyth network focuses on finding a new and inexpensive way to bring this unique data on-chain and aggregating it securely.

Website ♦ Twitter 

SOURCE

Everyone will be improved by leaps and bounds with Pyth data 🔮

We are very pleased to welcome @Releap_IO to the #PoweredbyPyth ecosystem

Releap is the first music NFT marketplace in Solana where artists can publish tracks as a set of NFTs to be discovered, enjoyed and traded. pic.twitter.com/FgyWoRC59m

— Pyth Network 🔮 (@PythNetwork) November 5, 2022

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Through the integration, any Ethereum or Optimism program can permissionlessly request and directly consume any of the Pyth Network 80+ data feeds for equities, commodities, foreign exchange pairs, and cryptocurrency to power their protocols.

Management Quote

Mike Cahill, Director of the Pyth Data Association, said, “Ethereum is among the earliest and most prominent blockchains in existence, which is one of the many reasons why this integration is significant. We are excited to officially join the Ethereum and Optimism ecosystems as we continue to equip developers with high-quality data and enable a wide range of new dApps that are powered by Pyth.”

There is a cohort of applications across the DeFi sector leading this launch. Icluding Ribbon Finance, Lido, Hashflow, MANTRA, Flexa, AMP, Infinity Exchange, and SOMA.finance.

“We aim to build the most consumer-friendly trading application and believe that user experience is paramount.” said Varun Kumar, CEO and Co-Founder of Hashflow. “Our goal is for users to always get the best rates possible and Pyth’s data feeds and safety tools would allow us to do exactly that.”

“We are excited to use Pyth for Ribbon Vaults,” said Julian Koh, Co-Founder of Ribbon Finance. “It is extremely important that expiry prices for our vaults have high levels of precision. Pyth helps to ensure that the options contracts that our vaults trade expire at the correct levels.”

The Pyth Network includes over 80 prominent financial market participants. As data publishers across crypto, equities, FX, and metals, with 400ms update frequencies. Pyth price feeds have been available on the Solana mainnet since August 2021 and BNB Chain since May 2022. Pyth network announced the deployment of its first-party financial data on Aptos mainnet as it continues to scale.

About Pyth Network

Pyth Network, a specialize oracle solution for latency-sensitive financial data that is typically keep behind the “walled gardens’’ of centralize institutions. Pyth network, focused on finding a new and inexpensive way to bring this unique data on-chain and aggregating it securely.

Website | Twitter 

The Pyth Data Association’s Mission

The Pyth Data Association, founded to assist the Pyth network. A specialized oracle solution for latency-sensitive financial data traditionally stored behind the “walled gardens” of centralized institutions. A board of directors elected by Pyth network members governs the Pyth Data Association.

About Optimism

Optimistic Ethereum, a layer 2 scaling solution that enables anyone to execute any vision on an open-source protocol that will never be capture by private commercial interests. OΞ, built as a public good, in order to fundamentally change the relationship between companies and their users. Optimism PBC is the team developing OΞ.

Website | Twitter 

SOURCE

https://www.businesswire.com/news/home/20221101006227/en/Ethereum-and-Optimism-Integrate-with-the-Pyth-Network-to-Unlock-HiFi-Data-for-Developers

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This partnership of Paloma with Pyth Network and AlgoReturns is to launch the first, decentralized, cross-chain systems trading blockchain.

Collaboration Highlights

The collaboration provides trading signals across public blockchains. Allows users to trade the same token across several blockchains at the same time, expediting the entire trading process.

As the value of digital assets rises, a recent study indicates that roughly 47 million Americans intend to purchase cryptocurrencies within the next year. However, the poll also showed clear impediments to increased digital money usage. Unsurprisingly, 79% of Americans’ major concerns when dealing with cryptocurrencies are fraud and criminal activities. With an additional 17% preferring not to invest due to a lack of knowledge on what to do with their holdings. These findings highlight the rising need for enhanced and simplified tools, as well as increased education, to improve bitcoin’s viability.

Paloma sees its collaboration with Pyth Network and AlgoReturns as a key step in removing the monotony of crypto trading for traders and developers. Laying the framework for the next generation of decentralized oracles, communications, and bridge technologies.

Management Quote

“Paloma’s implementation of the Pyth price feed library, as well as AlgoReturns’ trading signals. Means that developers can now unleash new blockchain applications that can execute trades across different blockchain states.” said Taariq Lewis, Founder of Volume, a software development company building on the Paloma protocol. “Without the need to switch data feed providers or worry about execution continuity, developers can build more efficiently and securely while users trade with convenience.”

“We’re always excited to see pioneers in the space leverage Pyth’s permissionless and high fidelity data for new, exciting use cases,” said Mike Cahill, Director of the Pyth Data Association. “Pyth data is always ready to help builders unlock new potential, and Paloma’s implementation of the Pyth prices is a great boon for traders.”

Paloma ushers in a new age of cross-blockchain application development by using Pyth network feeds. Developers of digital assets may now easily create automated asset trading systems that perform complicated trading strategies across different blockchains. Paloma’s collaboration with Pyth and AlgoReturns provides a decentralized data feed of prices and trading signals. Enabling automated systems to trade across many blockchains at the same time.

AlgoReturns (Algo), a firm developing trading methods based on Paloma’s Protocol, will use Paloma’s Pyth price feeds to offer trading techniques across hundreds of different DeFi blockchains.

“With industry-leading partners, we are very thrilled to provide sophisticated trading methods on Web3 platforms.” “We believe that the combination of our research and products, along with Paloma and Pyth, will provide a systematic pathway for traders and investors to capitalize on the unparalleled possibilities in the DeFi markets,” said AlgoReturns Co-Founder Indrajit Chatterji.

About Paloma

Paloma Protocol, a Cosmos-SDK blockchain protocol designed specifically for omnichain communication, allowing permissionless management of any contract on any chain. Paloma, created by Volume, provides the Cosmos ecosystem with the world’s first intelligently planned and automated smart contract transaction execution. Initially, developers may use the protocol to remotely regulate the flow of value without having to wrap, bridge, or trust validators with their digital assets. Indeed, Paloma, led by Sommelier’s founding members, is constructing Web3’s fundamental communication layer.

Website | Twitter

About Pyth Network

The Pyth Network, a specialize oracle solution for latency-sensitive financial data that is typically kept behind the “walled gardens’’ of centralized institutions. Pyth network is focused on finding a new and inexpensive way to bring this unique data on-chain and aggregating it securely.

Website | Twitter 

About AlgoReturns 

AlgoReturns (Algo) offers a unique value proposition for the futures trading community.  The Company has developed a turnkey solution with a family of algorithmic trading products that covers the entire spectrum of the needs of the players involved in futures trading including FCM’s, CTA’s, brokers and traders, both retail and institutional.

Website

SOURCE

https://www.businesswire.com/news/home/20221011005467/en/Paloma-Partners-With-Pyth-Network-and-AlgoReturns-to-Deliver-First-Decentralized-Cross-Chain-Systems-Trading-Blockchain

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