wPOKT achieved a major milestone, crossing the 50M minted mark! wPOKT
Governance Highlights
The ERA Cycle 2 report was published, showcasing immense progress on our Keystone Projects in September & October. The list is crazy! ERA Cyce 2 Report
The Pocket Network Foundation dropped an Ecosystem Strategy & Ambitions Update, highlighting achievements and setting objectives till the end of Q2 2024.
Exciting roadmap in here PNF Ecosystem Strategy and Ambitions update
Gateway Highlights
Grove announced an exciting upcoming Twitter Space featuring two industry heavyweights, @o_rourke and E.G. Galano. They will be discussing the future of decentralized infrastructure. Donât forget to set your reminder
POKTscan recorded a milestone of 100M relays from the Nodies DLB Gateway. #RoadTo1Billy. Gateway Metrics
Community Highlights
The Developer DAO thread contest results were released, featuring top-quality content. The Winners
The POKTscan.com and pokt.money websites received some exciting updates, now showcasing wPOKT and Gateway metrics. Explore them!
The network impressively processed 2.84 billion relays (Sat-Fri), a 10% increase from last weekâs count of 2.58 billion. Ethereum led the charge with over 800 million relays.
A conversation with @o_rourke & E.G. Galano discussing the evolution of Decentralized Infra. Particularly insightful was their detailing of the history of Infura and POKT. Tune In
A discussion with our friends, sminert, AyyanERahman, and Zemm_NFT on the significance of citizenship in the digital world. Tune In
Event of the Week
This weekâs standout event, without a doubt, was the buzz around Groveâs funding. Dominating the spotlight, it captured the communityâs and wider cryptosphereâs attention in an epic way. Poll Results
Thatâs a wrap for a bustling week in POKT Network. Never a dull moment. Catch you next week!
Nodies DLB shared an exciting update on their work on the open Gateway stack, bringing POKT closer to a resilient and diverse multi-gateway ecosystem. Get the details. OSS Gateway Stack Update
Donât miss the upcoming @BuildWithGroveâs âDonât Quit Your Daydreamâ talk on Decentralized AIâs future with Ramiro from POKTscan and Harry from GensynAI. Set a reminder: Donât Quit Your Daydream
GOVERNANCE
Two impactful proposals hit the forum.
PEP-65: SCAN, requesting $20k/month for POKTscanâs continued support.
PEP-66:CM-CC aiming to recognize our community moderators as core contributors.
COMMUNITY
DeveloperDAOâs #30daysoftext Day 6 challenged the community: What open-source libraries should POKTnetwork build? Join the conversation for a chance to win $100 worth of POKT. Day 6
MUST WATCH
Donât miss the insightful presentation by @h5law on the Sparse Merkle Tree (SMT) and other key areas of the Shannon upgrade. Watch here: SMT
EVENT OF THE WEEK
This weekâs âEvent of the Weekâ poll saw a close race, but in the end, Nodiesâ Gateway Stack update clinched the top spot with 37% of the votes, POLL
That concludes another exciting week at POKT Network!
The Builder Specification for the proposed 3D Governance Model was published. It outlines eight builder credentials that correspond to different types of contributions a Builder can make. Builder Spec
Voting began on two important proposals: PEP-65, which aims to continue funding POKTscan, and PEP-66, which seeks to recognize our Community Mods as Core contributors. Snapshot
COMMUNITY
The community successfully pushed and voted for POKTnetworkâs metrics to be displayed on DePINscan.io, along with other exciting DePIN projects where it rightfully belongs.
The Socket Program welcomed a new member who will contribute their expertise to help Pocket establish the healthiest culture and governance among all DAOs. Their role will involve tracking important community and governance metrics. New Socketeer
Bounty Hunter turned full-time POKTnetwork Protocol Dev, @h5law, shared a review of their first year in POKT. It has been quite a remarkable year. Definitely worth a read! A Year In POKT | h5law
A brand new Pocket Open Priority (POP) launched, inviting community builders to create open-source reference implementations of a full-stack user-facing gateway. OPEN PRIORITY: Gateway Demo
MUST READ
This weekâs must-read is an insightful piece titled âThree Truthsâ by @o_rourke. In this article, he outlines the three fundamental beliefs that shape his vision for Grove and POKTnetwork. Three Truths - Michael O'Rourke
MUST LISTEN
This weekâs must-listen is part 2 of âDonât Quit Your Daydreamâ Space by Grove. In this episode, they have a conversation with POKTscan and GensynAI on Decentralized AI. DQYD PART II
MUST WATCH
This weekâs Community Call is an absolute must-watch. Itâs filled with exciting updates, a recap of 2023, and a sneak peek into whatâs in store for 2024. https://youtu.be/X5qQgqTxP2o?feature=shared
EVENT OF THE WEEK
The event that took this weekâs trophy wasâŚNodies DLB crossing 1B relays!! A massive achievement for Nodies, POKT and the Gatewayverse.
The wPOKT v2 update was published, including the next steps for the LP incentive program and a possible launch of wPOKT on another chain. Read the full update. wPOKT v2 update
GOVERNANCE
The Staker Specification of the 3D Governance Model was released, introducing a âStaker Houseâ with paths for Supply-side (node runners), Demand-side (Gateway operators), and Liquidity providers (wPOKT/ETH). PGOV6 - Staker Specification
PEP-67 stirred up discussions about the fate of investor funds after Nodes4Allâs closure. PEP-67
PEP-66 approval brought recognition and DAO funding to community mods as core contributors. PEP-66 Results
The approval of PEP-65 ensured ongoing support and funding for POKTscan until the Shannon Upgrade. PEP-65 Results
GATEWAY
Grove provided a recap of 2023âs achievements and developments. Year in Review
COMMUNITY
Developer Daoâs Day 18 invited community members to explain the core utility of POKTnetwork. DAY 18
Three new chains were whitelisted onto the protocol and added to the ever-growing list of POKT Supported Chains:
⢠Avax-Archival
⢠Optimism-Archival
⢠Radix-Mainnet Governance Transaction Notice â Dec 27th
The protocol achieved 30.4K POKT in revenue from servicing 3.89B relays last week.
The Modular Governance upgradeâs Voting Specification was published, harmonizing the Citizens, Builders, and Stakers in a unified voting framework. PGOV7 - Voting Specification
As part of our modular governance upgrade, we delved into the potential of reputation-based governance in our recent thread and blog post. READ HERE
COMMUNITY
The Pocket Open Priority initiative received four exceptional submissions from Liquify, Raid Guild, Decentralized Authority, and SpaceBelt LLC. These submissions are focused on building open-source gateway references. View them here OPEN PRIORITY: Gateway Demo
The RaidGuild and Liquify teams were selected for the Pocket Open Priorityâs Gateway demo project. Read more on the reasoning behind the decision: OPEN PRIORITY: Gateway Demo - #7 by JackALaing
Two new Sockets were opened to expand our reach and boost awareness in the Korean and Chinese communities. This relaunches both our Korean and Chinese hubs. Sockets - Pocket Network Forum
Tune in to the Space with Groveâs @ArtSabintsev and Radixâs Jacob & Ben as they delve into the exciting details of the recent collaboration. An absolute must-listen. Set your reminder: https://x.com/i/spaces/1djxXNDjjkkGZ
EVENT OF THE WEEK
This weekâs standout event was never in doubt and the poll demonstrated it, with the Grove x Radix collaboration storming to the top spot!!
There you have it, another Week in POKT neatly wrapped up!
During this weekâs Ecosystem Office Hours, our Head of Protocol, @olshansky, updated us on the State of the Protocol, including the eagerly awaited Shannon timeline. Exciting timeline below
Groveâs @ArtSabintsev joined the Radix team to discuss their recent partnership. It was an insightful discussion. Listen in: Radix x Grove
COMMUNITY
The 3rd Era Cycle report was published, highlighting accomplishments from the new brand strategy and visual identity to the launch of the Gateway Kit. ERA CYCLE III
Donât miss our compelling piece explaining why weâre bullish about 2024! The Year Shannon
MUST LISTEN
Our next must-listen is RockTree Capitalâs OG Talks, featuring industry leaders and our own @Dermot_Oriordan, discussing Web3 Infrastructure. Set your reminder. RockTree OG Talks Series
Morseâs Testnet has been upgraded to BETA-0.11.1. Nodes have now begun adopting the RC-0.11.1 release, initiating preparations for the Mainnet upgrade.
Track progress on POKTscan: Road to RC-0.11
DePINscan v1.0 was launched, featuring POKT network. Acknowledged by Iotex, Pocket emerged as a trending project on DePINscan. Check it out: The DePIN King
GOVERNANCE
The Pocket Network Foundation detailed the process for appointing a DAO Observer to its board. Read about it here: Board Observer
The DAO started voting on the proposal to appoint @b3nnn21 as a Pocket Network Foundation Director. Track results here: PIP-36: Appointing Ben as a director
GATEWAYS
Nodies DLB, Pocketâs 2nd Gateway, displayed impressive benchmark results, ranking as one of the top public endpoints for #Optimism Mainnet in the MEA region according to Compare Nodes.
V1 of the Ecosystem Dashboard went live, serving as a hub to monitor the ecosystemâs health and activities, thanks to Together Crew. Explore the dashboard: All Things POKT
The event of the week was a close call, and for the first time, we had a tie. The community was torn between the Testnet upgrade and the Ecosystem Dashboard for this weekâs winner, with both receiving 34.6% of the votes each. So both will get the coveted trophy! And donât mind the rumors of briberyâtheyâre completely unfounded.
Thatâs another eventful week in the Year of Shannon neatly wrapped up!
Our friends at Messari unveiled their Q4 State of POKT Network report, offering insights into our growth and performance. State of POKT Network Q4 2023 | Messari
This weekâs âMust Listenâ involved our Head of Protocol, @olshansky, and members of the DePIN alliance discussing the future of transparent, trusted data with Iotex. Listen In
EVENT OF THE WEEK
The announcement of added support for Celestia Archival stole the spotlight this week. Poll
Thatâs a wrap for yet another eventful Week In POKT.
The game-changing Gateway Server was launched: slashing the requirements for running an RPC node from massive hardware demands to minimal. This makes it possible to connect to POKTâs 50+ supported chains with significantly reduced resources.
GATEWAYS
Metis nod to Nodies DLB as an RPC provider underscored the trust and reliability of Gateways under-DePIN-ned by POKT.
Nodies DLBâs Grant win from the Nym Innovation Fund put a spotlight on their commitment to privacy.
The Liquify teamâs UI teaser stirred excitement for their upcoming venture into the Gatewayverse.
A forum post was shared, laying out the need for the proposed Creds and Governance system to address representation gaps, inertia, imbalances, and manual processes in our current model.
A Guide was published for new contributors to navigate the POKT community, showcasing the value-driven journey from initial engagement to becoming a core contributor.
A Partnership between Thesis Defense and POKT Network was announced, solidifying our commitment to security. They will be conducting several security audits (SMTs, wPOKT bridge etc) in preparation for the Shannon Upgrade.
GATEWAYS
We were excited to announce that POKT Networkâs next and 3rd Gateway will be operated by Liquify.
8 new bounties were launched, covering everything from POKT Emoji Designs to Data Scraping, fueling creativity and innovation within the POKT community.
This weekâs Must Watch is a deep dive into the proposed Governance upgrade and the CREDs system discussed in the community call this week.
Watch it here: Community Call
Or check out the ELI5 summary
EVENT OF THE WEEK
The announcement of Liquify as the 3rd Gateway was crowned the weekâs top event.
The Morse upgrade to RC-0.11.1 was successful and smooth. Morse now has the right economic incentives for node operators to support AI inference and LLMs.
Following the RC-0.11.1 upgrade, POKTâs OG Gateway Grove announced an exciting private LLM pilot.
POKT Networkâs next gateway, Liquify, achieved a new all-time high in RPC usage, soon to be under-DePIN-ned by POKT.
GOVERNANCE
@katerinaproposed enhancing the POKT Network x Encode Club partnership by launching a POKT Educate Series and establishing POKT as a preferred RPC provider.
COMMUNITY
@RawthiL and the PNYX team initiated a Quick Grant to kickstart research and development on the Quality of Service of Machine Learning models deployed in the POKT Network.
The POKTscan website was updated to accommodate all the new features made possible by the upgrade to RC-0.11.1.
Voting commenced on PUP-33, aiming to increase the block size and the minimum number of proofs, facilitating scalability for POKT Morse as POKT Shannon development continues.
Additionally, the voting process began for appointing an Observer to PNFâs Board. The DAO-appointed observer will have a crucial role, offering the opportunity to influence core decisions.
GATEWAYS
The second POKT Gateway, Nodies, achieved a significant milestone, processing over 10 billion relays since its inception.
Beta testing for various Community Onboarding Quests on the POKT Discord has started. The Node Runner quest is one such initiative.Try it here Discord
The Ecosystem call focused on discussing POKT Networkâs role in supporting AIâs Cambrian explosion. Watch the discussion here: https://youtu.be/tzCZxvI10rU?feature=shared
EVENT OF THE WEEK
Nodiesâ milestone of 10 Billion relays took the weekâs EOTW trophy!
The private Testnet for Shannon was launched. The protocol team will use this for quick iterations and to establish the basics for Shannon before the launch of a public Testnet in April. Catch up on more protocol updates from the weekâs Builderâs Call.
PUP-33: SPACE has been approved by the DAO. This approval will lead to updating 2 on-chain parameters in POKT Morse. The updates will increase the block size and raise the minimum number of proofs required for a node to claim.
The DAO commenced voting on PEP-67 to boost POKTâs liquidity. If approved, $3m in POKT will be lent to market makers to achieve a 2% depth of $50K+ across all exchanges where POKT is listed.