Pyth Data Association completes a new round of financing, with participation from Castle Island Ventures and others

The Pyth Data Association, a non-profit organization developed by Odaily’s oracle project Pyth Network, has completed financing. Castle Island Ventures, Multicoin Capital, Wintermute Ventures, Borderless Capital, CMT Digital, Bodhi Ventures, Distributed Global and Delphi Digital participated in the investment. Michael Cahill, CEO of Pyth developer Duoro Labs and director of the Pyth Data Association, said that all new partners have received PYTH token allocations. This round of financing expands the Pyth community to new stakeholders and individuals driving decentralized capital markets. New stakeholders will help the network grow by increasing access to new sources of capital, participating in governance and protocol improvements, and strategic guidance. (CoinDesk)