Take the $POKT Pill

Pocket Network - the greatest investment of 2022?

Jan 5

Welcome to the 13th Alpha newsletter. We curate alpha for you. That’s it; that’s the newsletter.

Happy New Year to everyone! 2022 is going to be a huge year for crypto and blockchain. We are very excited to see the exponential growth of this industry continue. We are planning to pump out as much content as we can. Should be fun.

This is a newsletter you are going to want to read. There will be a lot of reading if you dig into all of the threads, but we promise you Pocket Network is something you really want to know about.

What is Pocket Network?

Pocket acts as a middleware layer composable with any blockchain.

Once connected, Pocket protocol connects apps requiring decentralized infrastructure with node runners who service these RPC requests and in turn get rewarded with POKT.

Take the $POKT pill, anon. Nigel will be your guide down the rabbit hole. Well worth digesting this whole thread.

Nigel Dolloktopus🐙🦇🔊| lootofloot.eth @nigeldollentas

The $POKT pill 🧵 Despite Mainnet launch over a year ago and nearly a $1 billion MC, @PocketNetwork continues to fly under the radar for many. What is Pocket? How is it one of the most asymmetric bets that no one talks about? Find out here:

Here are a few select tweets from the thread.

Nigel Dolloktopus🐙🦇🔊| lootofloot.eth @nigeldollentas

From an investment standpoint, the easiest way to describe Pocket is that you're betting on the growth of L1's/chains as a whole. For the VC's: Pocket is a perpetual call option on the growth of the cryptocurrency industry

It’s important to grasp that Pocket Network helps dapps decentralise a part of their stack that is currently centralised leading to true decentralisation.

Nigel Dolloktopus🐙🦇🔊| lootofloot.eth @nigeldollentas

The one liner would be: a truly decentralized, chain agnostic, and crypto native infrastructure solution. Don't be a dino.

More on why this decentralised solution is important.

shr◎◎m (🌳,🌳) @0xshroom

7/ Whilst Infura has done amazing things for greater adoption of blockchain technology, it did come at the cost of decentralisation and it's easy to see that this level of centralisation has the danger of being a single point of failure in the Ethereum network.

Shroom has a nutshell explanation. We like nutshell explanations.

shr◎◎m (🌳,🌳) @0xshroom

8/ I see you get the picture. Now, how does pocket solve this? In a nutshell created a completely permissionless node economy with $POKT where a) node runners are incentivised to decentralise; and b) developers benefit from a much better infrastructure at lower costs

Another fantastic streamlined explainer thread on $POKT.

DickieEmerson @EmersonDickie

$POKT thread 🧵 1/13 A pocket node is a gateway into the pocket network. When you connect an ETH node to a pocket node, it allows ETH transactions from that node to relay through the pocket network. A single pocket node can have multiple blockchains connected to it.

So you have a grasp of the Pocket Network and why it is important, but you might be asking how is it doing? Is the network growing and are there many relays?

Yes. Relay growth is parabolic.

Alex @unclesendit

309 million relays over the past 24 hour period. Thats an annualized run rate of ~113 billion relays and a 62% increase in just the past 2 days. Even if relay growth stagnates from here, thats a 79x year over year increase. If you're still sleeping on $POKT, you're simply ngmi.

Random assortment of commentary

We are trying to spread the message, ser.

The Poktopus | poktopus.eth🐙 @thepoktopus

Hardly any of the "crypto influencers" around me are talking about $POKT. It's like they're not plugged into web3 at all. Crazy. Anyways, another over 300% APR day. Guess I'll go to sleep and wake up to a bunch more rewards from my nodes.

We know how early $LINK played out…

Felipe @PhilCrypto77

$POKT giving me them early $LINK vibes... Probably one of the biggest infra plays for 2022-2023. Excited to watch it grow. @POKTnetwork

$POKT is a bet on the whole multi-chain space.

Ξlias Simos @eliasimos

26/ As developers sought to deploy in environments other than Ethereum, Pocket Network activity picked up. Developers need high quality read/write bandwidth. Pocket delivers that a very competitive price point. $POKT might just be one of the best ways to go long multi-chain.

Everything Ansem seems to mention turns to gold and $POKT is one of his 2022 predictions. Wouldn’t fade him.

Ansem🃏💎 @blknoiz06

what do i call things like infura / genesysgo / pokt network? just dev tooling? or middleware?

Wouldn’t fade Swaptoshi either.

Swaptoktopus 📈🐙 @swaptoshi

So incredibly bullish on $POKT Had this a few times before.. With $LINK at $1 With $YFI below $10k With $MATIC at $0.3 I'm buying as much $POKT as i can 🔥🔥

$POKT is global.

Pierre | Poktwatch @P1erreM

It's cool to see how widespread and global POKT is. POKT users and interest around the world: $POKT

How to buy?

You can only buy OTC currently, which is why $POKT has been kept a bit of a secret, but we are expecting that to change imminently.

Here is a list of approved secondary markets: forum.pokt.network/t/secondary-markets-for-pokt/629

Introducing $wPOKT

Many are predicting wrapped Pokt launches this month, which will make it much easier to buy and trade; not to mention it will be a huge catalyst for price action.

Check out more about $wPOKT here: wrapped.pokt.network