TechFlow reports that on August 29, according to its official Twitter account, the independent entity Douro Labs announced its formation and will act as a core contributor to accelerate the development of Pyth Network.
Douro Labs will operate as a blockchain infrastructure company, driving Pyth Network's implementation of the Perseus Upgrade, token-based governance deployment, and permissionless mainnet upgrades. Its core team members come from prominent institutions such as Goldman Sachs, Jump Crypto, BNP Paribas, AWS, and Chorus One, and will collectively accelerate the growth of Pyth Network.





