The POKT Network Unveils Three New Gateways to Broaden Open Data Access for a Wide Audience of End Users.

Georgetown, Cayman Islands, April 9th, 2024, Chainwire

 

Development collective, including Developer DAO, Raid Guild, and Chainstack, will integrate their networks with the POKT Network, thereby granting developers access to over 60 blockchains by building on top of POKT's decentralized foundation.

POKT Network The user-governed platform, which is establishing a Universal RPC Base Layer, announced the introduction of three additional Gateways today. Developer DAO , Porters (backed by Raid Guild ), and Chainstack . These new Gateways constitute a vital element of POKT Network's strategy to enhance API access to all open data sources available on the web.

These Gateways act as discrete access points into the POKT Network, boosting data accessibility and improving network efficiency. Each Gateway harnesses the universal RPC infrastructure of the POKT Network, eliminating the necessity for creating and managing the foundational infrastructure, thereby allowing participants like Developer DAO, Porters, and Chainstack to function independently as RPC enterprises. The innovative aspect of the Gateways is how they enable businesses, whether centralized or decentralized, to offer infrastructure access by utilizing a blockchain protocol as the main coordinating entity. This approach promotes a distinctive business model that reaps the advantages of vertical integration through a decentralized network instead of a singular centralized player, ensuring that the rewards are distributed among a broader spectrum of businesses. The protocol benefits from an increase in demand for core services, while Gateways enjoy significantly shorter time to market, reduced operational costs, and more bandwidth to concentrate on enhancing the front-end aspects of their businesses. The introduction of these Gateways represents a pivotal advancement in POKT Network’s ongoing quest to deliver developers and enterprises with the most dependable, efficient, and affordable data, allowing them to focus on crafting top-notch applications that deliver a superior user experience.  

"The unveiling of these three pivotal Gateways is a significant leap forward for the POKT Network and the wider ecosystem,\" remarked Dermot O’Riordan, Director at the POKT Network Foundation. \"Just as Layer 2 solutions dramatically boosted scalability at the application level, our Gateways are designed to allow developers to effortlessly tap into POKT's economical, trustworthy, and scalable decentralized physical infrastructure network without sacrificing performance or user experience. By facilitating access and demand on an unprecedented scale, we’re not only broadening the network's capabilities but also laying a strong foundation for a future where access to extensive open data sources is secure, unrestricted, and universally available.\" 

Since its inception in 2017, POKT Network has forged a top-tier decentralized physical infrastructure network (DePIN), achieving exceptional resilience, scalability, and cost efficiency. The network ensures 100% uptime with latencies under 25 ms across more than 60 blockchains, supported by approximately 15,000 nodes in 22 countries, at a competitive cost of $0.85 for every million API requests. Initially operating with a single Gateway, POKT expanded with its second Gateway launched in October 2023, quickly showcasing the new capacity brought by additional Gateways. This initiated a rapid acceleration of its strategy rollout. With the addition of a third Gateway in March and the launch of three more today, POKT Network's total Gateway count has risen to six in a short span of just seven months, demonstrating significant scaling of its Gateway initiative. about 30% of network volume \"POKT Network’s Gateway strategy provides developers and RPC service providers with a seamless method to utilize enterprise-quality RPC infrastructure built upon a permissionless and decentralized RPC infrastructure network, without needing to construct or maintain it,\" stated Daniel Olshansky, Head of Protocol at POKT Network. \"The key innovation here is the separation of roles and responsibilities. Protocol participants maintain a robust infrastructure, Gateways concentrate on performance, and users gain access to reliable, efficient, and cost-effective services.\" The arrival of these three new Gateways empowers developers to access and build on this powerful decentralized framework, establishing itself as the backbone of the burgeoning machine-to-machine (m2m) ecosystem. 

Developer DAO: Launched by EigenLayer's Nader Dabit, Developer DAO is notable as the first Gateway owned by a DAO, directing RPC earnings towards public benefit. Its commitment to community and a vast network of builders is likely to further accelerate innovation and expand the network. By partnering strategically with prominent blockchain networks, Developer DAO exemplifies a model where technological advancements are for the benefit of the common good.

• Porters: With expertise sourced from the leading web3 developer collective Raid Guild, Porters aims to offer services and features with unmatched speed while strictly adhering to open-source values. They envision a new age of decentralized infrastructure—a platform shaped by developers, designed for developers—that will unleash a flood of innovation and empowerment.
• According to a DePIN report from Blockworks Research, the necessity for reliable RPCs is underscored, noting, \"As the number of blockchains and rollups expands, their collective demands are becoming increasingly rigorous, characterized by higher throughput and faster block times. Thus, the essential need for efficient RPCs for every blockchain is evident.\" The report further underscores POKT’s Gateway model as an indicator of how DePIN will evolve not only in web3 but in broader applications, proposing, \"Ultimately, most clients will acquire their infrastructure through end-user-facing gateways/frontends that effectively function like Layer 2 solutions to the foundational protocols,\" while adding, \"as POKT Network demonstrates the advantages of this method, we anticipate an emergence of similar strategies among other DePINs, catalyzing growth and fostering innovation.\"   
• 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 The Future of Decentralized Data Access with the Shannon Upgrade  Scheduled for release in summer 2024, the Shannon Upgrade of POKT Network will streamline the integration process for RPC providers and projects by eliminating existing restrictions and enabling permissionless gateway creation, achieving true censorship resistance. This update, which is currently in a private testnet phase, strives to lower costs, simplify data access across different blockchains and AI systems, and encourage collaboration rather than competition. It signifies a crucial leap forward in decentralized data infrastructure, widening the scope of supported applications and sparking innovation.

POKT Network stands out as a premier decentralized blockchain infrastructure provider, empowering developers to create scalable, secure, and efficient blockchain applications with unparalleled data access. Through leveraging cutting-edge technology, POKT Network delivers a robust decentralized infrastructure layer that fosters seamless interactions between decentralized applications (dApps) and various blockchain networks. By promoting innovation and accessibility within the blockchain arena, POKT Network equips developers with the essential tools and resources required to fully harness the potential of decentralized technologies.

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