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POKT Network expands access to blockchain data with 3 new gateways

pokt-network-expands-access-to-blockchain-data-with-launch-of-three-new-gateways
Edited by
News
POKT Network expands access to blockchain data with 3 new gateways

POKT Network has expanded its decentralized infrastructure by launching three new Gateways in partnership with Developer DAO, Porters (backed by Raid Guild), and Chainstack.

The latest development aims to offer developers enhanced access to over 60 blockchains, reinforcing POKT Network’s strategy to extend API accessibility across the web through its Universal RPC Base Layer.

According to a press release shared with Crypto.news, the addition of these Gateways represents a pivotal development for POKT Network and its ecosystem to offer dependable and cost-efficient data access solutions, aiding developers and enterprises in enhancing application quality and user experience.

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

“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,” Riordan added.

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

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

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 gain access to reliable and affordable services.

The collaboration with Developer DAO, Porters, and Chainstack is notable for its potential to drive network growth and innovation. Developer DAO, for instance, aims to reinvest RPC revenues into public goods, highlighting a model where technological advancements serve the common good. Porters and Chainstack, on the other hand, bring technical expertise and significant volume potential to the partnership.

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