PANews, August 28 news, according to the official blog, Pyth Network announced that it has been selected by the U.S. Department of Commerce for the verification and distribution of on-chain economic data. Through collaboration with Pyth, the U.S. Department of Commerce is doing much more than just releasing one-time data; it is laying the foundation for a strategic partnership between the Department of Commerce and the Pyth Network. Pyth will initially provide quarterly GDP data for the past five years, and Pyth's contributors expect to expand this plan to support a broader economic data set.