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Press release
Press release. Tampa Bay, Florida, USA – January 16, 2022 – Pocket Network – An infrastructure middleware protocol that facilitates decentralized cloud computing and abundant bandwidth on full nodes interoperable with DApps on all 21+ blockchains, surpassing the milestone of 20,000 full nodes, answers about Real and conceptual questions about the feasibility of decentralization. Pocket Network incentivizes a global community of independent node operators and service providers running more than 21,000 full nodes, increasing the resiliency of the network. Pocket Network is secured by over $320M worth of network infrastructure spread across 23 countries around the world and reduces the risk of service downtime for any Layer 1 or industry DApp to near zero as work is evenly distributed across thousands of On full nodes, this also protects the end user’s privacy.
Pocket Network, which concluded a strategic round led by Republic Capital, RockTree Capital and Arrington Capital last week, saw its network demand jump to 5.78 billion relays in December, up 44% from November 2021, so its network demand is exponential increase.
Omer Ozden, CEO of RockTree Capital, said: “Pocket was a first mover and it was a game-changer as the core infrastructure of the Web3 revolution Pocket Network saw parabolic growth in real usage and real revenue. These metrics are very impressive and we look forward to 2022. years of expansion.”
Pocket Network generated $56 million in December, up from $29 million in November, and currently supports over 2,000 DApps running on its network with Solana and Ethereum, polygon, avalanche, Binance, Harmony, Gnosis (formerly xDai), fuse There are a lot more.
“Increased investment in public, open-source infrastructure through encrypted networks continues to undermine the dominance of today’s vendors, turning them into commodities,” said Michael O’Rourke, CEO of Pocket Network. “Our network is simple, natural Will drive growth – attractive node operating incentives will add more nodes, creating more redundancy and a better DApp service experience, and more DApp usage will generate more node revenue. “
Pocket meaningfully encourages and incentivizes niche cloud providers that have been less commercially viable over the past decade, while well-known incumbents dominate the traditional market, aiming to provide a more compatible infrastructure network for Web3 .
About Handheld Network
Pocket Networkis a blockchain data ecosystem for Web3 applications, a platform built for applications that uses cost-effective economics to coordinate and distribute data at scale. It enables seamless and secure interactions between blockchains and across applications. With Pocket, the use of blockchain can be easily integrated into websites, mobile applications, IoT, etc., giving developers the freedom to put blockchain-enabled applications in the “pocket” of every mainstream consumer.For more information, please visit https://pokt.network.
Stone Tree Capital, A China-based commercial bank and fund focusing on blockchain projects and mobile e-commerce companies with offices in Beijing, Shanghai, New York and Toronto. RockTree Capital invests in top blockchain projects and accelerates their growth in Asia. https://rocktreecapital.com/
Here is the press release. Readers should do their own due diligence before taking any action related to the promoted company or any of its affiliates or services. Bitcoin.com is not directly or indirectly responsible for any damage or loss caused or alleged to be caused or related to the use of or reliance on any content, goods or services mentioned in the press release.
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