HomeNEWSFloki partners Pyth to integrate oracle into its ecosystem

Floki partners Pyth to integrate oracle into its ecosystem


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Popular cryptocurrency project, Floki has partnered with Pyth, a specialized oracle solution network. The protocol announced the development in a Twitter post on Tuesday. As announced, the partnership is geared toward integrating oracle into the Floki ecosystem.

Notably, the partnership also aims to launch the FLOKI/USD price feed. As revealed, the price feed will enhance the utility of the FLOKI token and unlock unlimited possibilities for the Floki ecosystem. Some of its significance also includes key DeFi integrations with lending/borrowing platforms, staking, and many more.

Worth noting that FLOKI’s partner, Pyth network carries out its operation by connecting high-fidelity market data to smart contracts. It obtains this data from the world’s largest professional traders and exchanges. Before collaborating with Floki, the firm has partnered various renowned trading firms and exchanges. Some of its partners include Binance, Wintermute, Kucoin, OKX, CoinShares, and Jump Trading.

Floki seeking to cement its place as a big force in the sphere

Meanwhile, Floki, on the other hand aims to develop fundamentals capable of cementing its place as a big force within in the crypto industry. Recently, it launched a flagship utility project, identified as Valhalla. Notably, the project runs as a play to earn NFT gaming metaverse. More so, the crypto project also partnered with various crypto e-commerce marketplaces, including shopping.io. This thus helps to expand its ecosystem.

Beyond fostering its ecosystem, Floki has been consistent in fostering education and charity in vulnerable communities. Recently, Binbits reported that it partnered with Pencils of Promise, a renowned non-profit organisation to complete the building of a school in Ghana. According to the crypto project, it invested in the project so as to positively impact the lives of the coming generations. Remarkably, the school project consist of six blocks of classrooms. One of the blocks will be fully equipped with computers to aid the education of children.

Notably, FLOKI has continuously distinguished itself among other crypto firms. About a year ago, Floki through its partnership with Tabitha Cumi foundation also completed a similar school project in Nigeria. Notably, Tabitha Cumi is a non-governmental organization sponsored by the United Nations and the Embassy of Japan. Also, the crypto project views education as a basic right of a child. It believes the initiative will further foster the education of cryptocurrencies and the evolving metaverse, thereby aiding their adoption.

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David Idowu
David Idowu
David Idowu is a crypto reporter and trader with wealthy years of experience. He believes that blockchain technology has numerous opportunities that are begging for proper utilization. Away from work, David is either reading about World Politics, History or Tech Innovations.

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