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Home»Blockchain»POKT Network expands access to blockchain data with the launch of three new gateways
Blockchain

POKT Network expands access to blockchain data with the launch of three new gateways

2024-04-10No Comments3 Mins Read
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POKT Network has expanded its decentralized infrastructure by launching three new Gateways in partnership with Developer DAO, Porters (powered by Raid Guild), and Chainstack.

The latest development aims to provide developers with improved access to more than 60 blockchains, reinforcing POKT Network’s strategy to expand API accessibility across the internet via the Universal RPC Base Layer.

According to a press release shared with Crypto.news, the addition of these Gateways represents a critical development for POKT Network and its ecosystem to provide reliable and cost-efficient data access solutions that help developers and enterprises improve application quality and user experience.

Dermot O’Riordan, Director of the POKT Network Foundation, stated that these Gateways are akin to Layer 2 solutions in terms of improving scalability, allowing builders to connect directly to a scalable and reliable decentralized infrastructure.

“By accommodating access and demand at an unprecedented scale, we are not only expanding the capabilities of our network, but laying the foundation for a future where access to every major open data source is unfettered, secure and universally available. Riordan added.

Gateways allow a wide range of businesses to access POKT Network’s infrastructure without the need for direct maintenance, promoting a decentralized business model. The structure aims to shorten market entry times, reduce operational costs and shift focus to customer service improvements.

You might also like: Google Cloud adds 11 chains to its blockchain data offering

Since its inception, POKT Network has rapidly expanded its Gateway offering, from a single Gateway to six in just seven months, reflecting a strategic push to improve network capacity.

See also  BIS launches 'Project Atlas' to monitor and collect DeFi data

Daniel Olshansky, Head of Protocol at POKT Network, explained that the strategy allows for a division of responsibilities: Protocol participants focus on infrastructure maintenance, Gateways on performance, and users get access to reliable and affordable services.

The collaboration with developer DAO, Porters and Chainstack stands out for its potential to stimulate network growth and innovation. For example, developer DAO wants to reinvest RPC revenues in public goods, emphasizing a model in which technological progress serves the public interest. Porters and Chainstack, on the other hand, bring technical expertise and significant volume potential to the partnership.

Looking ahead, POKT Network is preparing for the Shannon Upgrade in summer 2024. The upgrade aims to simplify integration for RPC providers and projects and facilitate access to data via various blockchains and AI. The upgrade is expected to support a broader range of use cases and drive collaboration within the decentralized data infrastructure space.

Read more: Space and Time partners with Microsoft Azure to bring real-time blockchain data to businesses

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