How to get the USD price of Fan Tokens
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Your smart contract doesn't have to live in an ivory tower. It can benefit from using real-world data.
Accessing external, real-world data is useful because it allows smart contracts to execute based on real-time events and conditions, making them more versatile and applicable to a wide range of scenarios.
In the blockchain world, this is done through what we call an Oracle.
Oracles bridge blockchains with the external world, allowing smart contracts to access real-world data, crucial for applications in finance, supply chains, and gaming.
Oracles are essential for blockchain's real-world integration.
Provided you get access to an Oracle that offers real-time data that is relevant to your project, you can build something that remains up-to-date with the real world.
Pyth Network primarily provides high-fidelity financial market data. Pyth’s most well-known oracle is Price Feeds, which provides real-time prices for many assets on several blockchain ecosystems, including Solana, many EVM chains, Aptos, Sui, NEAR, and several Cosmos chains.
In particular, Pyth's Price Feeds gives you access to the live value of Fan Tokens™ in US dollars, such as , , and (search for "fan tokens" on that page).
The Pyth documentation provides a complete explanation on .