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Blockchain NewsDeFi News

Pocket Network Announces Web3 Support with NEAR Blockchain

Pocket Network’s update not only provides ample bandwidth for the NEAR blockchain network but also enables revenue generation.

Written By Vismaya V
Published May 17, 2022 12:50 PM·Updated 2 years ago
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Pocket Network Announces Web3 Support with NEAR Blockchain

The relay infrastructure middleware protocol, Pocket Network, announces its integration with NEAR, proof-of-stake public blockchain.

📢 Pocket Network now supporting NEAR, providing a more resilient, reliable, and censorship-resistant RPC service for developers to leverage . . . . a win-win-win for #NEAR apps, NEAR nodes, and the Pocket protocol. 🚀@NEARProtocol @NEARFoundation $NEAR $POKT pic.twitter.com/013wqSS9pD

— POKT Network (@POKTnetwork) May 13, 2022

The updated integration with NEAR enhances the developer experience by allowing them to launch applications on any of Pocket’s supported blockchain networks.

NEAR developers can now avoid concerns about single points of failure owing to congestion or other service disruptions by integrating with many blockchains.

Pocket Network has a global network of over 47,000 full nodes that services Web3 apps on 46 blockchains, including Ethereum, Polygon, Solana, Fuse, Avalanche, and Harmony.

Pocket Network’s objective is furthered by adding support for NEAR, which not only provides ample bandwidth for the NEAR blockchain network but also enables revenue generation.

Also Read: Near Protocol Raises $350M Investment Led By Tiger Global

Michael O’Rourke, Co-Founder and CEO of Pocket Network, stated, “Supporting NEAR, the fastest-growing non-EVM L1, is a testament to Pocket’s chain-agnostic mission to support 100 blockchain networks by the end of the year. Pocket goes where the developers and users go, and they are going to NEAR in droves.”

The NEAR ecosystem is likely to see less friction when connecting dApps via Pocket Portal, a layer-2 solution built on top of the Pocket Network protocol, thanks to Pocket Network’s integration autonomously allocating bandwidth and relays.

NEAR applications may take advantage of the benefits that come naturally with a decentralized RPC protocol, such as 100% uptime, low latency, and no monthly SaaS fees, on the app side of the marketplace.

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Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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