PRICE 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 closed last week a strategic round, led by Republic Capital and RockTree Capital. Arrington Capital is experiencing exponential growth. The demand for the network’s API calls or relays increased to 5.78 billion relays in December. This represents an increase of 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 generated $56m revenue for December, up from $29m November. It currently supports more than 2000 DApps across its network. This is integrated with Solana, along with Ethereum and Polygon. Harmony, Harmony and Gnosis (formerly xDai), Fuse, and many other apps.
“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 encourages and rewards niche cloud providers that are less commercially viable than the established incumbents. It also aims to make Web3 more compatible with its infrastructure network.
About Pocket Network
Pocket NetworkThe a Blockchain Data Ecosystem for Web3 Applications is a platform that enables applications to use cost-efficient economics in order to coordinate and share data at large scale. The platform allows for seamless and secure interactions across blockchains as well as between 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 CapitalAn international merchant bank, fund, and investment firm based in China that focuses on the development of blockchain and mobile commerce. It has offices in Beijing Shanghai New York Toronto. RockTree Capital makes investments in blockchain-related projects of high quality and speeds up their development in Asia. https://rocktreecapital.com/
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