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 PNF’s 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.
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 week’s Builder’s 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 POKT’s 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.
Approval of PEP-68 was granted, meaning POKT DAO will co-sponsor a Blockworks Research DePIN report, reinforcing our position as the sector thought leaders.
Grove announced the deprecation of support for Ethereum Goerli & Polygon Mumbai, following guidance from their respective Foundations.
COMMUNITY
PNF proposed the formation of an expert working group to craft a litepaper on POKT’s AI potential.
2 new Quick Grants were opened. One is for the official website maintainer, and the other is to enhance POKT documentation with a focus on the Developer Audience.
A community bounty for a refreshed slide deck was unveiled. Time for a visual upgrade!
The second must-watch is our own @adrienne_adz, discussing how dPRCs are addressing numerous infrastructure issues with the power of DePIN on the DePIN hub podcast.
Our OG Gateway Grove shared exciting updates in this week’s View From The Grove: support for Rollchains data retrieval, development of a specs library for RAG developers complete with a testing endpoint, and more.
Nodies enhanced the Gateway Server with a notable QoSNode feature, aiding node operators.
Liquify announced their participation in Infura’s Decentralized Infrastructure Network (DIN) initiative.
POKT AI Lab’s debut report unveiled a Local-Net proof of concept with LLMs and Diffusion Models.
MUST WATCH
Our very own @Adrienne on an episode of The Deep Dive discussing all things POKT Network and what makes it the RPC Base Layer. Check it out in this week’s Must Watch.
This week’s Must Listen is the Space with our own @b3n and Near Digital Collective delving into the topic of decentralized governance and how to make governance more inclusive.
Community members joined the Quick Grants program to kickstart research into a 1-click solution for POKT, establish a community Hub in Japan, and more.
MUST LISTEN
This week’s must-listen is the insightful discussion we hosted on the Bblockworks Research DePIN report, joined by Sal, Jonathan Victor, Michael Sothan, and our very own @Dermot. Listen here
It was a busy week for the team at Grove. Head of Protocol @olshansky participated as a panelist at Princeton, they launched support for Fraxtal and more. Get the scoop in the week’s View from the Grove
This week’s must-read is our insights on how POKT Network could revolutionize communications infra for AI and blockchain.
MUST ATTEND
This week’s must-attend event is our upcoming DePIN meetup alongside Peaq Network, Hot Spotty & Streamr, focusing on all things Decentralized Physical Infrastructure Networks.
Following a one-month grace period for a smooth transition, the final phase of PUP-33: SPACE was implemented. The BlockByteSize parameter was increased from 12MB to 16MB to facilitate the onboarding of new gateways and chains.
GATEWAYS
Liquify, POKT’s 3rd Gateway, officially announced going live with beta testing currently underway. If you’re interested in joining as a beta tester, fill out the Liquify Portal BETA waitlist
The proposal to renew and strengthen the partnership between POKT Network and Encode Club was approved, along with the proposal to launch Retroactive POKT Goods Funding . More details on the RPGF here.
The DAO also approved an initiative to assist Nodes4All stakers with their refunds.
ECOSYSTEM
The report outlining ERA Cycle 4 accomplishments was published.
The POKT Japan Community Hub announced their upcoming DePIN Space.
This week’s must-listen is the first in a series of deep dives Into the Gatewayverse, featuring insights from our Gateway operators at Liquify and DevDAO. Recap here
EVENT OF THE WEEK
The event that took this week’s trophy was Liquify’s Gateway official launch,
Nodies unveiled a new feature during the Builder’s All Hands. This feature enables their gateway users to route their traffic to POKT Network for chains that the gateway doesn’t support.
The POKT Japan Hub hosted their first X Space event, exploring DePIN.
MUST-WATCH
The first must watch of this week is the recording of the Builder All Hands meeting, showcasing an exciting demo of the Liquify Gateway and a teaser from DevDAO. Watch it here.
Another must-watch is the recording of the DePIN drinks event we hosted with our friends at Hotspotty, Streamr, and Peaq Network, where we explored the potential of DePIN.
MUST LISTEN
This week’s must-listen is our X Space delving into our Retro POKT Goods Funding with @juanbugeth, @sejal_rekhan, and our very own @Dermot . Check it out.
MUST READ
This week’s must-read is the State of POKT Network Q1 2024 from Messari Crypto, highlighting the protocol’s growth and gateway strategy.
This week’s Must Listen is the Space where we discussed Shannon’s upcoming Testnet launch. We took a trip down memory lane and delved deep into Shannon’s capabilities.
MUST READ
This week’s Must Read is the blog post discussing the launch of Shannon, complete with an updated Mainnet timeline.
EVENT OF THE WEEK
The stand out moment of the week was the release of the Shannon blog marking the beginning of the Shannon era.
• During the recent Builders All Hands, our Head of Protocol, @olshansky, demoed the developer environment for Shannon in preparation for its public testnet launch. Watch the full demo here
GATEWAYS
Grove spotlighted #Solana in their latest Chain Spotlight episode.
Porters’ Benedictvs was announced as a speaker at ETH Belgrade.
The submissions window for Retro POKT Goods Funding opened. The aim is to get funds in the hands of impact creators so they can keep building and delivering impact.
POKTscan unveiled new features providing global visibility of gateways on the POKT Network ecosystem, and more.
This week’s must-read is Grove’s Gateway Thesis by @o_rourke , discussing the inefficiencies of centralized RPC providers and Grove’s open-source solution.
Another must-read is Micah’s take on POKT Network’s potential revenue growth due to increased crypto adoption.
EVENT OF THE WEEK
The standout moment of the week was the Demo of Shannon’s testnet tooling for devs.
Shannon Testnet has launched! In Alpha 1, community members and developers can explore testnet resources. Devs can contribute through open bounties, while operators can deploy Suppliers and Gateways.
Chainstack made their first Gateway fee payment to the DAO, bringing the total of paying Gateways to four.
Nodies launched a new functionality in their Gateway to accept crypto payments.
ECOSYSTEM
wPOKT LP incentives were extended for another 90 days, with efforts underway to launch wPOKT on more chains.
The POKTscan team released new features for the explorer.
The third report from the POKT AI Lab team was published.
MUST LISTEN
This week’s Must Listen was our What’s new on POKT Network Space where we received the latest on POKT and insights into the launch of @ChainstackHQ’s Gateway, featuring Eugene, @Dermot, and @o_rourke.
Network traffic increased by 11% compared to the previous week, setting a new weekly relay count record for 2024. This follows the highest monthly relay count since October, recorded in May.
We received a review of the recent POKT Network Foundation board meeting.
ECOSYSTEM
Fifty submissions were made for the first Retro POKT Good Funding round. Voting begins on June 10.
@SasquatchTru and @Seroxdesign from RaidGuild shared their experience redesigning the POKT Network website, emphasizing the community’s collaborative spirit.
This week’s must-listen is a deep dive into the current Retro PGF round with LauMaMu, Feems, Grendel, and @b3n . We gained insights into the application and voting process and received an introduction to the POKT Impact Hub.
This week’s must-read is from @Dermot , highlighting the potential of decentralized infrastructure to create a more competitive, open, and user-friendly internet.
EVENT OF THE WEEK
The event that took the week’s EOTW trophy was the weekly relay high of 2024!
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