TAMPA BAY, Fla., Jan. 14, 2022 /PRNewswire/ -- Pocket Network
– an infrastructure middleware protocol which facilitates
decentralized cloud computing and abundant bandwidth on full nodes
interoperable with DApps across all 21+ blockchains, doubles down
on its market-based approach to infrastructure by incentivizing a
global community of independent node operators and service
providers running 21,000+ 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/
Media Contact: Amykelly Petruzzella, amy@pokt.network
View original content to download
multimedia:https://www.prnewswire.com/news-releases/aws-for-web3-pocket-network-shakes-up-infrastructure-of-the-internet-301461401.html
SOURCE Pocket Network
