Pocket Network is secured by over $320 million worth of network infrastructure distributed globally across 23 countries and reduces the risk of service downtime to near zero for any layer one or industry DApps as work is distributed evenly across thousands of full nodes, which also protects end users’ privacy.
Pocket Network who last week closed a strategic round led by Republic Capital, RockTree Capital and Arrington Capital is undergoing exponential growth as demand for its network measured in API calls or relays jumped to 5.78 billion relays in December 2021, up 44% from November.
Omer Ozden, CEO of RockTree Capital, said,
“Pocket is the first mover, changing the game as core infrastructure for the web 3.0 revolution. For those that are seeking the next high-growth first mover like AWS or Ethereum, you can see transparently on-chain the parabolic growth of actual usage and of actual revenues of the Pocket Network. The metrics have been super impressive, and we look forward to the scaling 2022 will bring.”
Pocket Network has generated a $56 million revenue in December 2021, up from $29 million in November, and currently supports over 2,000 DApps run across its network which are integrated with Solana along with Ethereum, Polygon, Avalanche, Binance, Harmony, Gnosis (formerly xDai), Fuse and many more.
Michael O’Rourke, CEO at Pocket Network, said,
“There is increased investment in public, open-source infrastructure through crypto networks that continue to chip away at the dominance of today’s providers, reducing them to commodities. Our attractive economic flywheel model for our network is simple and naturally drives growth attractive node-running incentives add more nodes, which in turn creates more redundancy and better DApp service experience, and more DApp usage then generates more node revenue.”
Pocket meaningfully encourages and incentivizes niche cloud providers which commercially have been less viable over the last decade with massively well-known incumbents dominating the traditional market, and aims to provide web 3.0 with a much more compatible infrastructure network.
About Pocket Network
Pocket Network, a blockchain data ecosystem for web 3.0 applications, is a platform built for applications that use cost-efficient economics to coordinate and distribute data at scale. It enables seamless and secure interactions between blockchains and across applications. With Pocket, the use of blockchains can be simply integrated into websites, mobile apps, IoT and more, giving developers the freedom to put blockchain-enabled applications into the ‘pocket’ of every mainstream consumer. For more information, visit the website.
RockTree Capital, a merchant bank and fund based in China focused on blockchain projects and mobile e-commerce companies, with offices in Beijing, Shanghai, New York and Toronto. RockTree Capital invests in top-tier blockchain projects and accelerates their growth in Asia. For more information, visit the website.
