POKT Network (also known as Pocket Network) is a Decentralization Physical Infrastructure Network (DePIN) that coordinates and incentivizes access to any open data source, initially focused on providing Blockchain data to applications and service providers.
Since the launch of the Mainnet in 2020, the POKT Network (POKT) has served nearly 700 billion relays with thousands of nodes in 22 countries, and the POKT Network (POKT) expects to move towards the goal of 1 trillion RPC relays in the next innovation cycle.
Decentralization features are bringing a range of benefits to POKT Network (POKT), including unmatched coverage (50+ Blockchain with a single connection), superior resiliency (more than 99.99% uptime), and unmatched low cost (about 80% cost drop than centralized alternatives).
Now, the POKT Network (POKT) has made two key advances, not only laying the foundation for scaling beyond Blockchain data, including support for Open Source Large Language Models (LLMs), but also achieving our goal of becoming the crypto industry's gateway to an open Internet API facility.
These include:
In October 2023, the POKT Network (POKT) proposed a key protocol upgrade that enables the protocol to provide rewards for specific data sources, exploring a new set of solutions to meet more demanding API endpoint needs, such as those for open source LLMs inference requests.
Launched the "Gateway" strategy, a growth-related execution program that has attracted businesses to innovate on top of the POKT Network (POKT) protocol, helping them develop new capabilities and expand the service market.
The rapid evolution of common underlying models, such as ChatGPT, is providing opportunities for new products built through contextual reasoning. Although closed-source models like GPT4 cannot be supported on the POKT Network (POKT), many Open Source alternatives such as Llama 2 do. Now, the POKT Network (POKT) has become a new infrastructure in the space, offering businesses the ability to build their businesses on alternative without the need for a self-hosted model.
POKT Network (POKT) remains firmly committed to providing Blockchain data and is exploring entirely new opportunities in surrounding markets, such as file storage networks, WebSockets, and more complex APIs. Within the POKT Network's ecosystem, many AI-related proof-of-concept (POC) projects are underway, and the protocol is evolving to ensure it can reach a larger market.
When POKT Network's (POKT) Mainnet Shannon Upgrade launches this summer, gateway deployments will become permissionless, creating new network effects, connecting new teams and networks, and accelerating the emergence of new markets, including native services in non-Web3 markets.
"The POKT Network (POKT) has the potential to be a platform that provides the foundational infrastructure for API businesses, enabling businesses to sell access to any open data source. We expect emerging markets, such as open source LLMs, to quickly benefit from the unmatched cost and scale benefits that POKT's DePIN architecture uniquely provides." — said Dermot O'Riordan, director of the POKT Network Foundation.
About Pocket Network
POKT Network (POKT) (also known as Pocket Network) is a leading DePIN (Decentralization Physical Infrastructure Network) that provides data connectivity to applications at the lowest cost, maximum uptime, and high scalability. Today, these data connections involve multi-chain access to distributed remote procedure call (RPC) infrastructure, but may expand to serve other types of data connections in the future, including open source databases that support mainstream social media and open source AI LLMs (large language models).
The POKT DAO is a value-driven, collaborative, Open Source community that builds and governs the project. Our critical digital infrastructure is built and managed by our users.
The POKT Network Foundation is the POKT DAO-authorized entity responsible for executing the strategic vision of the POKT Network.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
POKT Network (POKT): Entered the AI inference market with a market size of 10 billion dollars
POKT Network (also known as Pocket Network) is a Decentralization Physical Infrastructure Network (DePIN) that coordinates and incentivizes access to any open data source, initially focused on providing Blockchain data to applications and service providers.
Since the launch of the Mainnet in 2020, the POKT Network (POKT) has served nearly 700 billion relays with thousands of nodes in 22 countries, and the POKT Network (POKT) expects to move towards the goal of 1 trillion RPC relays in the next innovation cycle.
Decentralization features are bringing a range of benefits to POKT Network (POKT), including unmatched coverage (50+ Blockchain with a single connection), superior resiliency (more than 99.99% uptime), and unmatched low cost (about 80% cost drop than centralized alternatives).
Now, the POKT Network (POKT) has made two key advances, not only laying the foundation for scaling beyond Blockchain data, including support for Open Source Large Language Models (LLMs), but also achieving our goal of becoming the crypto industry's gateway to an open Internet API facility.
These include:
The rapid evolution of common underlying models, such as ChatGPT, is providing opportunities for new products built through contextual reasoning. Although closed-source models like GPT4 cannot be supported on the POKT Network (POKT), many Open Source alternatives such as Llama 2 do. Now, the POKT Network (POKT) has become a new infrastructure in the space, offering businesses the ability to build their businesses on alternative without the need for a self-hosted model.
POKT Network (POKT) remains firmly committed to providing Blockchain data and is exploring entirely new opportunities in surrounding markets, such as file storage networks, WebSockets, and more complex APIs. Within the POKT Network's ecosystem, many AI-related proof-of-concept (POC) projects are underway, and the protocol is evolving to ensure it can reach a larger market.
When POKT Network's (POKT) Mainnet Shannon Upgrade launches this summer, gateway deployments will become permissionless, creating new network effects, connecting new teams and networks, and accelerating the emergence of new markets, including native services in non-Web3 markets.
"The POKT Network (POKT) has the potential to be a platform that provides the foundational infrastructure for API businesses, enabling businesses to sell access to any open data source. We expect emerging markets, such as open source LLMs, to quickly benefit from the unmatched cost and scale benefits that POKT's DePIN architecture uniquely provides." — said Dermot O'Riordan, director of the POKT Network Foundation.
About Pocket Network
POKT Network (POKT) (also known as Pocket Network) is a leading DePIN (Decentralization Physical Infrastructure Network) that provides data connectivity to applications at the lowest cost, maximum uptime, and high scalability. Today, these data connections involve multi-chain access to distributed remote procedure call (RPC) infrastructure, but may expand to serve other types of data connections in the future, including open source databases that support mainstream social media and open source AI LLMs (large language models).
The POKT DAO is a value-driven, collaborative, Open Source community that builds and governs the project. Our critical digital infrastructure is built and managed by our users.
The POKT Network Foundation is the POKT DAO-authorized entity responsible for executing the strategic vision of the POKT Network.
More details can be found at pokt.network.