PRESS RELEASE. Tampa Bay, FL, USA – January 16, 2022 – Pocket Network – an infrastructure middleware protocol that enables decentralized cloud computing and abundant bandwidth on full nodes interoperable with DApps on all 21+ blockchains, surpasses the 20,000 full node milestone and answers a real and conceptual question about Feasibility of decentralization. Pocket Network incentivizes a global community of independent node operators and service providers operating more than 21,000 full nodes, increasing network resilience. Backed by over $320 million in network infrastructure distributed globally in 23 countries, Pocket Network reduces the risk of service downtime to near-zero for any Layer 1 or industrial DApps as the work is distributed evenly across thousands of full nodes is distributed, which also protects the end users’ privacy.
Pocket Network, which completed a strategic round led by Republic Capital, RockTree Capital and Arrington Capital last week, is experiencing exponential growth as demand for its network, measured in API calls, or relays, hit 5.78 in December Billion relays increased, up 44% from November 2021.
“Pocket is the game-changing first mover as the core infrastructure for the Web3 revolution,” said Omer Ozden, CEO of RockTree Capital of the Pocket Network’s parabolic growth in actual usage and revenue. The metrics have been super impressive and we look forward to the scale that 2022 will bring.”
Pocket Network has generated $56 million in revenue in December, up from $29 million in November, and currently supports over 2000 DApps running on its network, co-located with Ethereum, Polygon, Avalanche, Binance, Harmony, Gnosis ( formerly xDai) and Fuse is integrated into Solana and many more.
“Crypto networks are driving increased investment in open source public infrastructure, further weakening the dominance of today’s vendors and reducing them to mass-produced items,” said Michael O’Rourke, CEO of Pocket Network. “Our attractive economic flywheel model for our network is simple and naturally encourages growth – attractive incentives for running nodes add more nodes, which in turn creates more redundancy and a better DApp service experience, more DApp usage then generates more node revenue.”
Encouraging and motivating niche cloud providers that have been less commercially viable over the past decade as massively well-known incumbents dominate the traditional market, Pocket aims to provide Web3 with a much more compatible infrastructure network.
Via Pocket Network
pocket network, a blockchain data ecosystem for Web3 applications, is a platform built for applications that use cost-effective economics to orchestrate and distribute data at scale. It enables seamless and secure interactions between blockchains and across applications. Pocket makes it easy to integrate the use of blockchains into websites, mobile apps, IoT and more, giving developers the freedom to put blockchain-enabled applications in the “pocket” of every mainstream consumer. For more information, see https://pokt.network.
RockTree Capital, a China-based merchant bank and fund focused on blockchain projects and mobile e-commerce businesses, with offices in Beijing, Shanghai, New York and Toronto. RockTree Capital invests in world-class blockchain projects and accelerates their growth in Asia. https://rocktreecapital.com/
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