Pocket Networks fosters a global community of independent node operators and service providers with over 21,000 full nodes, contributing to network resilience. Pocket Networks is secured by a network infrastructure of over $320 million spread across 23 countries around the world and reduces the risk of service downtime to almost zero for any Layer 1 or industrial dApp as work is spread evenly across thousands of full nodes. which also protects the privacy of the end users.

Pocket Networks, which last week closed a strategic round led by Republic Capital, Rocktree Capital, Arrington Capital, is experiencing rapid growth in the form of demand for its network, which is measured in API calls or relays , rose to 5.78 billion in December. Riley, up 44% from November 2021.

“Pocket is the first mover, turning the game as the core infrastructure for the Web3 revolution,” said Omar Ozden, CEO of Rocktree Capital. “For those looking for the next fast-moving first mover like AWS or Ethereum, you can transparently see the parabolic growth in real usage and revenue of the on-chain Pocket Network. The statistics were super impressive and we look forward to it.” “For the economies of scale that 2022 will bring.”

Pocket Network generated $56 million in revenue in December, up from $29 million in November and currently supports over 2000+ dApps running on its network, which include Ethereum, Polygon, Avalanche, Binance, Harmony, Gnosis (formerly Solana integrated with xDai), Fuse and more.

Michael O’Rourke, CEO of Pocket Networks, said, “More investments are being made in public, open source infrastructure through crypto networks, which removes the dominance of today’s providers, undermining them.” “Our attractive economic flywheel model for our network is simplistic and naturally accelerates growth – attractive node spinning incentives add more nodes, which in turn provide more redundancy and a better dApp service experience, compared to more junction revenue. generate more DApp usage in the

Pocket meaningfully incentivizes and encourages niche cloud providers that have been less commercially viable over the past decade, dominate the widely known incumbents in the traditional market, and aim to make Web3 a more compatible infrastructure. network is to be provided.

About Pocket Network

Pocket Networks, a blockchain data ecosystem for Web3 applications, is a platform built for applications that use cost-efficient economics to coordinate and distribute large-scale data. It enables seamless and secure interactions between the blockchain and applications.

With Pocket, the use of blockchain can be easily integrated into web sites, mobile apps, IoT and more, giving developers the freedom to place blockchain-enabled applications in the “pocket” of every mainstream consumer. For more information visit https://pokt.network.

Rocktree Capital, a commercial bank and fund based in China, focuses on blockchain projects and mobile e-commerce companies with offices in Beijing, Shanghai, New York and Toronto. Rocktree Capital invests in top-notch blockchain projects and accelerates their development in Asia.

A group of US banks are launching their own stablecoin, the USDF. The stablecoin will be issued by the USDF consortium, which will enable its members (financial and banking institutions) to issue USDF.

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