Georgetown, Cayman Islands, April 9th, 2024, Chainwire
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 (NYSE:RES) 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.”
“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 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.
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