Press Release News– Page 2 of 10

Developer DAO, Raid Guild, and Chainstack will bring their respective networks and distribution to POKT Network, providing more developers with read/write access to 60+ blockchains’ by building on top of POKT Network’s decentralized infrastructure POKT Network, the user-governed platform building a Universal RPC Base Layer, announced today the launch of three new Gateways: Developer DAO, Porters (backed by Raid Guild), and Chainstack. The new Gateways are a key part of POKT Network's growth strategy to scale API access to every open data source on the internet. Gateways serve as independent access points to the POKT Network, enhancing data accessibility and network performance. Each Gateway is built directly on POKT Network’s universal RPC base layer infrastructure and removes the need to build and maintain any of the underlying infrastructure, helping players like Developer DAO, Porters and Chainstack to operate as an independent RPC business. The innovation of Gateways lies in the ability for businesses of every kind - centralized or decentralized - to resell access to infrastructure by leveraging a blockchain protocol as the central coordinating party. This system adopts a unique business model that delivers the benefits of vertical integration through a decentralized network rather than a single centralized entity, meaning that more of the benefits are shared amongst more businesses. The protocol wins from more demand for the core service, while Gateways benefit from massively decreased time to market, lower operating expenditure and more time and resources to focus on the front-end of their businesses. The launch of these Gateways is a major step forward in POKT Network’s mission to provide developers and enterprises with the most reliable, performance, and cost-effective data, so they can focus on building the best applications with optimal user experience. “The introduction of these three key new Gateways marks a key step forward for POKT Network and the broader ecosystem,” stated Dermot O’Riordan, Director at the POKT Network Foundation. “In the same way that L2s radically improved scalability at the application layer, our Gateways enable builders to easily plug into POKT’s cost-effective, reliable, and scalable DePIN infrastructure without compromising on performance or UX. By accommodating access and demand on a scale previously unseen, we’re not just expanding the capabilities of our network, we’re laying the groundwork for a future where access to any large open data source is unfettered, secure, and universally available.” Since 2017, POKT Network has developed a leading decentralized physical infrastructure network (DePIN), achieving unmatched resilience, scalability, and cost-efficiency. The network guarantees 100% uptime, under 25 ms latency across over 60 blockchains, supported by about 15,000 nodes in 22 countries, at a cost of $0.85 per million API requests. Originally operating with a single Gateway, POKT saw its second Gateway launched in October 2023 quickly account for about 30% of network volume, showcasing the impact of new Gateways on POKT's capacity. This marked the beginning of an accelerated strategy rollout. With the integration of a third Gateway in March and today's launch of three more, POKT Network increases its Gateway count to six, a rapid expansion from just one seven months ago, highlighting a significant scaling of the Gateway strategy. “POKT Network’s Gateway strategy offers developers and RPC providers an effortless way to leverage RPC infrastructure with enterprise level quality-of-service atop a permissionless and decentralized RPC infrastructure network, without having to build and maintain it themselves”, stated Daniel Olshansky, Head of Protocol at POKT Network. “The key breakthrough is the ability to decouple roles and responsibilities. Protocol participants maintain efficient infrastructure, Gateways focus on performance, and users get access to reliable, performant, and cost-effective services.” The introduction of three new Gateways enables builders to access and build upon this powerful decentralized infrastructure, set to become the backbone of the evolving machine-to-machine (m2m) world. Developer DAO: Founded by EigenLayer’s Nader Dabit, Developer DAO is the first Gateway to be owned and operated by a DAO, channeling RPC revenues back into public good. Its emphasis on community and extensive network of builders will further drive innovation and network growth. By strategically partnering with leading blockchain networks, Developer DAO highlights a model where technology advances common good. Porters: Drawing on technical talent from the leading web3 developer collective Raid Guild, which has supported nearly 200 web3 development projects, Porters will deliver features and services at an unprecedented pace, all while adhering to open-source principles. Porters envisions a new era of decentralized infrastructure—a platform built by developers, for developers—ushering in a new wave of innovation and empowerment. Chainstack: one of the largest and most respected RPC businesses and provider in Infura’s mulitchain RPC network DIN, Chainstack is primed to channel significant volume to the network from the onset, using POKT Network to hyperscale to new chains and further elevate their existing resilience. Anticipating an initial relay volume of ~100 million relays per day, Chainstack signals its intent to scale operations rapidly. The first DePIN report from Blockworks Research emphasizes the importance of reliable RPCs, “As the number of blockchains and rollups continue to grow, and their collective needs get even more demanding, with higher throughput and shorter block times, the need for performant RPCs for every blockchain has become very clear”. The report also highlights POKT’s Gateway model as a signal for how DePIN will scale, both in web3 and wider use cases, “In the end state, most customers will get their infrastructure via end-user-facing gateways/frontends (that effectively act like L2s to the underlying protocols)”, adding, “as POKT Network proves the benefits of this approach we expect to see other DePINs adopting a similar playbook to rapidly accelerate growth and innovation.” The Future of Decentralized Data Access with the Shannon Upgrade POKT Network's Shannon Upgrade, scheduled for a summer 2024 release, will simplify integration for RPC providers and projects by removing current limitations and introducing permissionless gateway creation, making censorship resistance fully attainable. This update, currently in private testnet, aims to reduce costs, ease data access across blockchains and AI, and promote collaboration over competition. It marks a critical advancement in decentralized data infrastructure, broadening the range of supported use cases and fueling innovation. About POKT Network POKT Network is a leading decentralized blockchain infrastructure provider that empowers developers to build scalable, secure, and efficient blockchain applications with industry-leading data access. Leveraging cutting-edge technology, POKT Network offers a robust, decentralized infrastructure layer that facilitates seamless interaction between decentralized applications (dApps) and multiple blockchain networks. With a commitment to fostering innovation and accessibility in the blockchain space, POKT Network provides developers with the tools and resources they need to unlock the full potential of decentralized technologies.

Press Release

POKT Network Welcomes Three New Gateways & Brings Open Data Access to Millions of End Users

Tequila Token to Launch on Solana Blockchain at 17:00 UTC on July 30, 2024

Super Champs Launches L3 Chain on Base, Creates Open Builder Platform for Scaled Web3 Games Franchise

Floki Announces Major Ad Campaign for Valhalla in the English Premier League for 2024-25 Season

Crypto Content Creator Campus (CCCC) Launches as the Premier Annual Gathering for Crypto Influencers

CARV Announces Decentralized Node Sale to Revolutionize Data Ownership in Gaming and AI

Flipster Announces Collaboration with Tether

LIF3.com integrates Fireblocks to elevate safety and security in next-generation consumer DeFi

Unique Network Leads the Way in Cross-Chain NFT Transfers on Polkadot

Polkadot Decoded 2024: Uniting Innovators in Blockchain Technology

FLOKI Unveils New Developments and Strategic Marketing Initiatives

Bybit’s World Series of Trading 2024 Kicks Off: The Biggest Trading Competition in Crypto History Begins

Subscribe to our newsletter