1/ I'm a big fan of @POKTnetwork and what they are building, so I am pleased to say I have become a brand ambassador & will be creating more content related to $POKT over the coming weeks/months.
To kick off, let's dig in to how $POKT is doing currently.
A thread 🐙🧵👇
2/ Relays are going parabolic and recently hit a new daily ATH.
3/ Pocket Network is doing around 350 million relays each day.
4/ This is amazing growth and occurring across multiple chains.
5/ To put this into perspective, Infura are doing 6.5 billion RPC requests just for Ethereum, so this shows the potential growth for Pocket Network is massive.
6/ The revenue Pocket is pulling in is staggering.
With total network revenue exceeding $56 Million in December, Pocket Network is already comparatively amongst the Top 5 revenue producers for all blockchains and blockchain applications globally.
(data from Token Terminal*)
7/ More and more $POKT continues to be staked.
The amount of staked $POKT has now surpassed non-staked $POKT.
8/ And the number of active validator nodes is now sitting around 22k and growing exponentially.
9/ Buying $POKT has been tricky, as you had to buy OTC, but four exchange listings (@HuobiGlobal , @gate_io , @MEXC_Global & @XTexchange) went live last week. Making it much easier for everyone to purchase any amount of $POKT.
11/ There has been some talk about the inflation of $POKT being an issue recently.
Staking $POKT is currently very profitable, with nodes being rewarded with around 300% APY. This has led to lot of discussion about the effects of the increase in supply.
12/ In order to create a more predictable inflation schedule, there is a new governance proposal which looks to encourage sustainable inflation, protecting rewards against a decrease in relays and sensibly reducing rewards as Pocket Network grows.
I spoke with @0xdrej in January, and since then @getgrass_io has grown from 500k users to 2.5M+ and become one of the most anticipated crypto x AI projects in development.
I interviewed him again last week.
Here are 10 BIG takeaways 🧵
1. Grass's incredible growth
"Right now, with 2.5 million daily active users, Grass can already scrape enough data to train GPT-3.5 from scratch. But if it grows 10–20 times larger, we believe Grass will be capable of crawling the entire web on a daily basis."
2. Web crawling monopoly
"Only two companies in the world are capable of crawling the entire web, and they've built multi-trillion-dollar businesses based on that." Grass aims to disrupt this.
Seems like a good day to talk about consumer apps.
I found one built on @avax & I think it is one of the most practical examples of an app that uses blockchain to actually solve a real world problem.
If you are using a centralized password manager then you should read this🧵
@BitNote_xyz is one of the most impressive consumer apps live right now imo.
BitNote allows you to self-custody information, in a similar way that blockchains let you self-custody money.
It's a genuine replacement for 1Password & other centralized password managers.
I rely on 1Password currently for almost all of my passwords, but not my seed phrases/private keys, which remain on paper, as Last Pass proved centralized platforms can't be relied on.
1Password has been the best solution for me, but Bitnote can become the superior option.
TON was originally founded in 2017 the Durov brothers, who began exploring blockchain solutions for Telegram, and they subsequently raised the largest ever ICO.