‘AWS for Web3’ Pocket Network Shakes Up Infrastructure of the Internet -Breaking
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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 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, the First Mover and the core infrastructure of the Web3 revolution is changing the game”
Omer Ozden CEO, RockTree Capital
The Pocket Network’s parabolic growth in usage can be seen transparently by those looking to become the next first-movers like AWS. We are excited about the future of scaling in 2022.
Pocket Network generated $56m in revenue in December, up from $29m November. It currently supports more than 2000+ DApps across its network. This is in addition to Ethereum, Polygon and Binance. Harmony. Gnosis (formerly xDai), Fuse, and many other.
“The increase in investment in open-source public infrastructure via crypto networks continues to chip away the dominance today’s providers and reduce them to commodities.”
said Michael O’Rourke, CEO at Pocket Network
“Our network’s attractive economic flywheel model drives growth. It is very simple. Node running incentives attract more nodes. This creates redundancy, better DApp experience and more 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.
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