Fun

‘AWS for Web3’ Pocket Network Shakes Up Infrastructure of the Internet

News Feed - 2022-01-17 07:01:47

‘AWS for Web3’ Pocket Network Shakes Up Infrastructure of the Internet press release


PRESS RELEASE. Tampa Bay, Florida, U.S.A – 16th January 2022– Pocket Network – an infrastructure middleware protocol which facilitates decentralized cloud computing and abundant bandwidth on full nodes interoperable with DApps across all 21+ blockchains surpasses milestone 20,000 full nodes, answering a real and conceptual question around decentralization viability. Pocket Network incentivizes a global community of independent node operators and service providers running 21,000+ full nodes adding to the network’s resilience. Pocket Network is secured by over $320M worth of network infrastructure distributed globally across 23 countries and reduces the risk of service downtime to near zero for any layer 1 or industry DApps as work is distributed evenly across thousands of full nodes, which also protects end users’ privacy.


Pocket Network, who last week closed a strategic round led by Republic Capital, RockTree Capital, Arrington Capital, is undergoing exponential growth as demand for its network measured in API calls or relays jumped to 5.78 Billion relays in December, up 44% From November 2021.


“Pocket is the First Mover, changing the game as core infrastructure for the Web3 revolution” said Omer Ozden, CEO of RockTree Capital “For those that are seeking the next high growth first mover like AWS or Ethereum, you can see transparently on-chain the parabolic growth of actual usage and of actual revenues of the Pocket Network. The metrics have been super impressive and we look forward to the scaling 2022 will bring.”


Pocket Network has generated $56m revenue in December up from $29m in November and currently supports over 2000+ DApps run across its network which is integrated with Solana along with Ethereum, Polygon, Avalanche, Binance, Harmony, Gnosis (formerly xDai), Fuse and many more.


“There is increased investment in public, open-source infrastructure through crypto networks that continues to chip away at the dominance of today’s providers, reducing them to commodities,” said Michael O’Rourke, CEO at Pocket Network “Our attractive economic flywheel model for our network is simple and naturally drives growth – attractive node running incentives adds more nodes which in turn creates more redundancy and better DApp service experience, more DApp usage then generates more node revenue.”


Pocket meaningfully encourages and incentivizes niche cloud providers which commercially have been less viable over the last decade with massively well known incumbents dominating the traditional market, and aims to provide Web3 with a much more compatible infrastructure network.


About Pocket Network


Pocket Network, a blockchain data ecosystem for Web3 applications, is a platform built for applications that uses cost-efficient economics to coordinate and distribute data at scale. It enables seamless and secure interactions between blockchains and across applications. With Pocket, the use of blockchains can be simply integrated into web..sites, mobile apps, IoT and more, giving developers the freedom to put blockchain enabled applications into the “pocket” of every mainstream consumer. For more information, visit https://pokt.network.


RockTree Capital, a merchant bank and fund based in China focused on blockchain projects and mobile e-commerce companies, with offices in Beijing, Shanghai, New York and Toronto. RockTree Capital invests into top-tier blockchain projects and accelerates their growth in Asia. https://rocktreecapital.com/


  Tags in this story Pocket Network


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. Bitcoin.com Media


Bitcoin.com is the premier source for everything crypto-related. Contact ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options. Jack Dorsey"s Payments Company Is "Officially Building an Open Bitcoin Mining System" MINING | 30 mins ago Euro Inflation Hits Record Highs, ECB Not in Rush to Raise Interest Rates ECONOMICS | 3 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleEuro Inflation Hits Record Highs, ECB Not in Rush to Raise Interest Rates Next articleJack Dorsey’s Payments Company Is ‘Officially Building an Open Bitcoin Mining System’ More Popular NewsIn Case You Missed ItNear Foundation Raises $150 Million to Bolster Web3 Adoption


On Thursday, the Near Foundation announced the project has raised $150 million from strategic investors such as Three-Arrows Capital, a16z, Mechanism Capital, Dragonfly Capital, and Circle Ventures. Following the announcement, the Near protocol’s native crypto asset jumped more than 7% ... read more.Swiss National Bank Trials CBDC in Transactions With Five Banks Tesla Begins Accepting Dogecoin Payments — Some Merchandise Can Only Be Purchased With DOGE FTX Launches $2 Billion Venture Capital Fund Focused on Bolstering Blockchain, Web3 Adoption British Lawmakers Say a CBDC Is Likely to Hurt Financial Stability — Digital Pound Benefits Overstated

News Feed

Valkyrie Reveals Intention to Sponsor Grayscale’s Bitcoin Trust as GBTC Discount to NAV Widens
Valkyrie Reveals Intention to Sponsor Grayscale"s Bitcoin Trust as GBTC Discount to NAV Widens Valkyrie Investments, a Tennessee-based asset manager, has announced its intention to
Fairshake PAC and affiliates raise $102M to support crypto candidates
Turner Wright5 hours agoFairshake PAC and affiliates raise $102M to support crypto candidatesThe Super PAC and its two affiliates have backed ads or otherwise supported efforts for crypto-focused candidates from both maj
Bitcoin.com Unlocks Earn on Crypto
Bitcoin.com Unlocks Earn on Crypto Bitcoin.comis integrating technology from CoinFLEX that enables users to earn interest on a wide range of cryptoassets, including a US-dollar sta
Iggy Azalea’s MOTHER memecoin surges 30% on mobile company announcement
Zoltan Vardai12 hours agoIggy Azalea’s MOTHER memecoin surges 30% on mobile company announcementThe memecoin will allow holders to purchase smartphones and mobile phone subscriptions in the newly relaunched company.191
Rakesh Upadhyay3 hours agoPrice analysis 8/11: BTC, ETH, BNB, XRP, DOGE, ADA, SOL, MATIC, LTC, DOTAfter the Aug. 11 Bitcoin ETF decision delay, BTC’s boring price action looks set to carry on through the weekend.1306 T
Kadena Goes Live, Announces New Token Sale Aiming for $20 Million
The Kadena blockchain went live on mainnet Monday. Formally called Chainweb, Kadena’s blockchain is a proof-of-work (PoW) network similar to bitcoin.
Terra Launches New Chain Airdropping LUNA 2.0 Coins — Token Value Slides Over 70% From Price High
Terra Launches New Chain Airdropping LUNA 2.0 Coins — Token Value Slides Over 70% From Price High On Saturday, May 28, 2022, LUNA classic and UST classic holders received an aird
Donald Trump floats making Elon Musk a Cabinet member
Turner Wright7 hours agoDonald Trump floats making Elon Musk a Cabinet memberAfter a public endorsement from the Tesla CEO and an X Spaces discussion, Donald Trump said he would consider placing Elon Musk in a Cabinet po
Survey: Almost Three out of Four Argentinians Are Willing to Purchase Crypto for Investing or Saving Purposes
Survey: Almost Three out of Four Argentinians Are Willing to Purchase Crypto for Investing or Saving Purposes A new survey, whose results were released earlier this week, has given
Ethereum Holds Above MVRV Band Low – A Final Dip Before Recovery?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Crypto Analyst Unveils The ‘True Time To Sell It All’: Here’s When
Este artículo también está disponible en español. In an analysis shared on X, crypto analyst Astronomer (@astronomer_zero) has provided an in-depth macro outlook on Bitco
Blockchain Projects Detoken and Anyhedge Launch Bringing Defi to Bitcoin Cash
Blockchain Projects Detoken and Anyhedge Launch Bringing Defi to Bitcoin Cash On December 30, the decentralized finance (defi) platform Detoken and the firm Gene