Michael O'Rourke 🌿
@o_rourke
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Neighborhood node herder @POKTNetwork and @buildwithgrove
Tampa Bay, FL
Joined May 2011
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July 200m
Aug 500m
Sept 900m
Oct 1.8b
Nov 3.7b
fuck man. we're just getting started.
pocket will become tcp/ip for node infrastructure
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to put the recent growth of relays in context:
9 months ago we were doing 5m - 10m a day
on track for ~650m ath today
it took us about a year from launch (july 2020) to get the quality of service and product to a level that spurred the last 9 months (july 2021) of growth
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pocket quietly experienced its largest surge of traffic in history last week
we handled an additional 500m ETH relays within 24 hours without much fanfare
this is a good thing when it comes to infrastructure
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A global network of 45k+ nodes is serving 1B relays a day.
10 months ago Pocket was doing 5M.
We have a long ways to go, but it's worth taking a moment to appreciate the amount of work that every single person on the team has put in to reach this milestone.
Congrats all!
We've had many ATHs and milestones worth sharing with you in the past few months, and there will be many more to share. But this one . . . . this one is big. 🚀🚀🚀 🎉
#Thanks
#POKT
#BillionsOfRelays
#Web3
#Infra
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Difficult to overstate how thrilled I am to announce
@BuildWithGrove
’s first equity fundraise.
This includes support from
@placeholdervc
,
@avonventures
,
@DruidVentures
,
@MechanismCap
,
@permanentvc
,
@WhiteBlockVC
,
@TampaBayVenture
, and others.
This is an incredible vote of
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has been a year+ since I've written anything on my old blog
revived it with
first post is the intro of what i sent out in an early pokt purchasers update last week
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Finally back to writing -
Started working on this before the OpenAI news. Increasingly important to have protocols like Pocket involved in the AI space moving forward.
Kudos to the
@C0D3R_org
team for pushing this proposal forward.
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2021 year in review
how far down the rabbit hole you wanna go
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Pocket Network leverages useful proofs of work to create new $POKT. These proofs are critical to Pocket’s economic model as block rewards are dynamic, created by the validation of these proofs.
The following is the step by step process on how work is validated by the protocol.
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i don't know who needs to hear this but
in the last 24 hours pocket network has served over 500k requests
by trustlessly coordinating blockchain infrastructure at a global scale
at a fraction of the cost of centralized entities
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The AI portion of the latest
@theallinpod
confirms all of my biases on
@BuildWithGrove
and
@POKTnetwork
's positioning related to AI infrastructure
Models won't accrue value - data advantages and speed with SLA's will
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honestly, of all the incredible improvements and innovations coming out of v1 one of the things that gets me most excited is calling the consensus algorithm HotPocket
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pocket has a unique benefit to optimistic rollups where node runners are incentivized to run verifiers
verifiers are critical to optimistic rollups as they are the ones who challenge incorrect results, making boba much more secure through pocket
welcome, boba!
Just pocketed another partnership! (we'll be here all week 🥁)
What is $POKT?
@POKTnetwork
is a decentralized RPC protocol providing access to blockchain bandwidth from a globally-distributed network of 40k+ full nodes
Fast, secure, and reliable connection to
#bobanetwork
✅
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per WAGMI, the network-wide inflation target was dropped to 90% yesterday
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Damn I forgot about this
The deal was to upload this pic when
@POKTnetwork
hit 1 billion a day😂
Well it happened so LFG $POKT
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Triforce is one of the most exciting efforts we have been working on.
For us to scale to 100 chains and eventually 1,000, everyone who’s a part of pocket should be able to participate
What is Triforce❓It's our growth initiative for the Pocket protocol, introduced in last week's community call. 🚀
While we'll have more Triforce info for the Community in the coming weeks, here's a helpful summary. 🧵👇
#MayThe4thBeWithYou
#Web3
#POKT
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I am incredibly grateful for the service of Dermot, Jack, Ben and the rest of the PNF team - thank you for all you have done. The mission of Pocket Network has not changed. I am looking forward to putting forward a revised strategy which continues our progress, and aligns the
I resigned as a director from the
@POKTnetwork
foundation earlier today
Thanks to everyone for the support along the way
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On Tornado Cash
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Today marks our evolution into the next phase of Pocket Network. The coming years are going to be incredibly exciting.
Nothing matters more than seeing the demand side of the flywheel flourish.
The Grove is now open for developers looking to build in the shade. This rebrand from PNI allows us to distinguish between the POKT protocol, and the companies that make up its ecosystem. Read more here:
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Accurate assessment of the last year and current status in Pocket land
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Can’t describe how excited I am to have Arthur on board LFG
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mind blowing that a protocol is coordinating node infrastructure around the world without taking any rent
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I wrote a post about Grove’s Gateway Thesis. After Shannon launches,
@BuildWithGrove
will open source its core gateway QoS and
@POKTNetwork
infrastructure.
A thriving open source ecosystem should have many options for people to build on.
We are starting
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pocket broke another relay record today.
24M+ on chain relays last 24h, generating $48k of fee revenue for node runners
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This has been a long time coming. I am incredibly excited and proud to have the opportunity to build something that I believe will change the world:
Pocket Network sells $9.3M of its protocol token $POKT to developers and node operators 🏗️
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Pocket nodes have earned $60k of fee revenue in the last 24 hrs 🤔
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The word progressive decentralization gets thrown around as if its as easy as taking a right turn.
It’s a muscle that if not flexed from day 1 becomes increasingly difficult to execute on the bigger a project gets
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Nvidia CFO estimated that approximately 40% of their data center revenue was from inference use cases.
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Pocket Network turns one month live on mainnet today.
If you didn’t know, the protocol is coordinating trustless access to a global set of infrastructure for Ethereum applications.
This is fucking crazy.
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last 180 days
in july we launched the portal
we're the only ones running it today
it's open source, meaning anyone can become their own infrastructure provider without the costs of running the underlying nodes
i expect many portals will be run on pocket in the future
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ICYMI we announced infracon - Pocket Network's first community conference :)
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This is a huge deal guys
📣 Product Update: Real real time usage data is now available in the portal UI!
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Long time coming - excited to have blockdaemon supporting pocket!
Blockdaemon is excited to announce our latest partnership to provide customers with institutional access to
@POKTnetwork
infrastructure and staking!
This partnership will enable institutions to connect to
#PocketNetwork
with one single integration.
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if you didn't know;
a decentralized network of full nodes is serving nearly 50 million requests a day for production applications on 14 blockchains
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Sovereign chains and L2s will be as common as startups in the next 5 - 10 years
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Some thinking about the foundation that guides us at
@BuildWithGrove
and my perspective on
@POKTnetwork
’s place in that future.
Three Truths -
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Looking forward to being in Denver!
Say hello to another
#WalletCon2023
speaker -
@o_rourke
!
Michael is the co-founder and CEO of
@POKTnetwork
. He'll be speaking on the importance of sound infrastructure in ensuring security.
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crypto will succeed because anyone with an internet connection has magnitudes more opportunity, flexibility and meaning in work compared to what the old world offers
its our job to make sure we build this new world with humility and lessons learned from those who got us here
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pocket has processed ~21M relays over the last 24h, generating over $3.7M in fee revenue for node runners
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nice way to wrap up the year
🚀 NEW DAILY RELAY RECORD 🎉 🎉 🎉
Pocket Network just processed 205.4M relays in 24 hours!
🪙 POKT Minted: 2.1M
📈 Best Chain: Harmony Shard 0 (0040) 136.3M (66.4%)
🪦 Previous Record: 202.9M - Dec 9 '21
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Just wait until permissionless gateways + ai inference :)
Great to see
@MessariCrypto
highlight how impactful the gateway strategy could be.
Remember the rapid growth unlocked by decentralizing the supply-side? And not just in Web 3 but also for Web2 unicorns like Uber and AirBnb.
Well, we're doing that for demand.
Probably nothing.
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We tend to over engineer and overthink token economics. At the end of the day we just need to understand what the sources and sinks are, and supply/demand will take over.
As long as sinks > sources while connected to a real product, a token can be long term sustainable.
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Come hang with us today at 4:30!
If you're in Istanbul on the 16th, please join us for a Builder Mixer with
@developer_dao
,
@API3DAO
, &
@PhalaNetwork
!
Good vibes, good food, in good company.
Register now:
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The best part about infracon is that the community gets to meet the people who inspire me everyday
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👀 shared some of
@BuildWithGrove
customers and partners
It's clear the world is moving towards decentralized infrastructure and we are leading that charge
For the last year, we've worked quietly, building in the shade on improvements to the network. Now we're about to get loud. See our full post here:
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At
@BuildWithGrove
we’ve solved points 2, 3 and 4 at scale with blockchain RPC.
With our LLM inference pilot underway we’ll see the same benefits for AI inference on
@POKTnetwork
in the coming months.
Martin is absolutely right to question this stuff. The problem with decentralized AI protocols are:
1. There is no cost/time effective way to do useful online-training on a highly distributed architecture of commodity hardware. This would require a big breakthrough that I’m not
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Pocket powered :)
Defi Kingdoms, a play-to-earn game inspired by
#metaverse
elements that include
#NFTs
as part of its structure, has been getting traction amidst the group of
#blockchain
games coming out recently.
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massive upgrades on deck:
Validator/servicer hard fork goes live wednesday. allows pocket to scale past 18k nodes
0.8 proposal live which allows for non custodial staking. will enable many more node providers to come online
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come by if you want to talk about web3 infrastructure, eat some sancocho and maybe dance some merengue
Join us at ‘Infracon - Pocket Network Community Conference’ taking place May 20-21, 2022 in Punta Cana, Dominican Republic.
Signup today:
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People talk about value add investors - folks at DPC are really one of the best set of people I’ve ever worked with throughout this journey
We are delighted to announce the launch of our $75m Decentralized Finance Fund.
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👀
We are excited to share the launch of the P2P pool on the
@POKTnetwork
🎉 - now servicing relays for dApps across supported blockchains.
#POKT
holders can join & contribute to the censorship resistance of dApps across multiple blockchains!
Get onboarded:
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If you’re building an ai enabled app let us know!
We're looking for DecAI / GenAI participants for our private decentralized LLM pilot. Established or building, our DM's are open!
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Difficult to overstate how much the team is crushing across the board right now.
We're going to be ending this year with a bang
It's time for our weekly View from the Grove!
This week our uptime was 99.988% with an average of 11,505 relays per second. You can check the status of the gateway at
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pocket generated ~$12.5m of protocol fee revenue for nodes in the month of october
3/
@POKTnetwork
node revenue is surging to ATH (139 POKT).
Assuming a price of ~$0.7 POKT/USD and monthly node cost of $70, nodes are highly profitable.
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Long time coming
“We’re thrilled to join forces with
@o_rourke
and the Grove team. Our shared dedication to decentralized infrastructure has been a driving force since we first connected in 2018. As long-time admirers of the
@POKTnetwork
team, we’re excited to combine our strengths. Together, we
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Messari, as always, coming through with great data covering Pocket Network
The need for blockchain data is steady:
‣
@POKTnetwork
serviced +100 bn relays every of the last 4 quarters
‣
@0xPolygon
(27 bn relays) and
@ethereum
(26 bn relays) lead the charge re. the number of Pocket relays by chains in Q3’23
Read more in my research
@messaricrypto
👇
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Pumped for this convo!
Join us next week on 11/30 3PM EST as we sit down with
@o_rourke
and
@egalano
, founder of
@infura_io
, for the first episode of Don't Quit Your Daydream talking about the future of decentralized infra.
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beyond excited to bring everyone together at infracon in may
there's so much more we can do together. looking forward to sharing more about how we are creating opportunities for everyone involved
we're building a country here, not a company
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Try it out 🌿 - team has been absolutely crushing it and we now have the foundation to iterate faster than ever.
The long awaited redesign of the Grove Portal is here! Better UX, better navigation, and better data front and center. And that's just the beginning!
#BuildWithGrove
Read more here:
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I can count on one hand the number of protocols that are enabling true builders and entrepreneurs via grants.
Few.
Closing next Friday 31st.
Be rewarded fully for the impact you have had.
Apply here:
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I remember being so excited after speaking to you for the first time Eric.
Welcome to the team sir!
I'm excited to share a major life change!
I've taken on a position at
@poktnetwork
on the solutions team where I'll be helping web3 builders access high quality *decentralized* node infrastructure.
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Somehow our project named “portal monetization” morphed to “Pokémon” and I’m here for it
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Making pocket better is much much much cooler
.
@POKTnetwork
is the new hot thing in town; 8 figure raise, newly minted unicorn, crazy growth in relays etc etc.
But you know what's cooler? Making Pocket even better and bigger.
I'm proposing an (optional) decoupling of validators and
full nodes 👇
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If your Metamask is down you can change the RPC provider to Pocket with the following URL
Instructions:
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@pascal_bc
@h5law
@zaynematthysen
@redzeratul
@kutoft
@olshansky
@BuildWithGrove
2024 is going to be incredible for
@BuildWithGrove
and
@POKTNetwork
.
We are just getting started.
#LetsFuckingGrove
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Excited to see more critical middleware launching and glad to see Pocket having played a small part in inspiring your economic design.
Congrats!
Today, we’re announcing that we’ve closed a $25M Series A led by
@polychaincap
to build Fleek Network (and a new platform: )⚡
Check out our announcement blog to learn all about the future of web3 hosting and content delivery:
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If you want to learn about the future of storage in Pocket - V1 persistence Q&A today at 12pm EST on discord
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pocket network has over 1k nodes around the world running on tendermint right now haha
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The march towards open source continues
Web2 was built on Open Source. I created Homebrew, used by almost every web2 company… yet the most compensation I ever received was a (literal) “thank you for Homebrew” blanket from Google one cold winter.
PromiseKit, another project I created, was once used by over 100,000
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Great thread on why Pocket will win
Most decentralized protocols print too much $$ and don't have a viable path for revenue to exceed inflation.
@POKTnetwork
does.
Tho its rewards currently exceed protocol revenue (measured as gateway fees), recent protocol updates position POKT Network to grow exponentially.
🧵
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these relays are being serviced by hundreds (maybe 1k+?) of independent node runners across 25+ countries
thousands of nodes serving apps at once, rotated out every hour
coordinated by a protocol that takes zero rent
we are still just a drop in the bucket at current scale
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We’ve proven it with RPC, not much longer until we do with ai inference..
Cooking up something things
@BuildWithGrove
on top of
@POKTnetwork
.
Check out our call-to-action if you want to get involved:
#DecAI
#DecentralizedAI
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Decentralization != open source
It’s a culture of prioritization around open source
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V1 happy path localnet in action. Still have a ways to go.
Coming from the spec we released in January, it is becoming much more real.
Just ran the V1 demo of
@POKTnetwork
new consensus algorithm, HotPOKT, and the results are in! Check out this screenshot of the terminal output
#blockchain
#consensus
#HotPOKT
$POKT
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Very excited to be one of the recipients for a Tezos grant!
We are thrilled to support
@TezosBakingBad
,
@POKTnetwork
,
@papersDev
/
@AirGap_it
, and
@_kidtsunami
to help make
#Tezos
more accessible via developer tools & block explorers! And announcing our next public call for ecosystem grant proposals! More info here:
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Proving it’s possible to build real, scalable ai products on a decentralized network
@o_rourke
I'm going to revive using all the new documentation from and have it be powered by Grove via LLMs on Pocket Network.
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governments can ask companies to censor transactions at every level, not just freezing assets on exchanges
Why managing your own nodes is key to achieving a truly decentralized network, explained in a single screenshot. Even though we are developing incredible decentralized technologies, we are still making the same mistakes as in the past🤦♂️"Not your nodes, not your network"
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in parallel to the growth in relays has been the community
it's truly mindblowing to see how many people care and see the importance of what we're building
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gm - proposal is up. looking forward to feedback
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a lot happening in pocket land guys
Wait! Wait! ✋️ Don’t scroll past!
Just need a moment
Let me show you why
@POKTnetwork
is still alive and our community still thriving
You won’t be disappointed
@PoktNews
Weekly 🏃♀️ ⬇️
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1b relays in a week. Onto 1b a day
📢 Weekly Relay Recap 44!
🗓️ 10/28 - 11/03
📡 Relays: 1.024 Billion
🛰 Nodes: 8,816
📰New Blockchains,
@POKTdao
news, Ecosystem's and more
👉
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This couldn’t have been done without our team. They are an inspiration for me every day. Shipping nights and weekends, during holidays, and waking up to 3am messages making sure we get product out the door.
@pascal_bc
@h5law
@zaynematthysen
@redzeratul
@kutoft
@olshansky
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I remember participating in the first ETH Waterloo as a hacker.
Earned my first hackathon prize ever by winning the Storj bounty with a team of devs who I met there
Beyond excited to pay it forward and have Pocket sponsoring this as the sole node infrastructure provider
:D
Dive into
#crypto
this October with the
#ETHOnline
virtual hackathon 🛠️ 💡💻
~ Over $100k+ in prizes ~
Apply now to build
#Web3
projects with us:
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Probably nothing
The
@ElectricCapital
annual Developer Report drops on Wednesday!
We have ~150 slides of insights and proprietary data. It puts hard numbers against our intuitions that web3 is taking off.
The data makes me *ridiculously* optimistic about crypto & web3. 🚀
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@pascal_bc
@h5law
@zaynematthysen
@redzeratul
@kutoft
@olshansky
POKT Network is a first of its kind, decentralized RPC blockchain, and
@BuildWithGrove
is a new type of web3 native business model built on decentralized infrastructure.
This investment is another milestone in the inevitable conclusion of most of the world’s traffic settling on
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Pocket Network has continued chugging along.
Service degraded slightly for a few hours but has picked back up to normal.
We are still investigating but the current theory is that some portion of the network's 550 nodes went down due to the geth issue.
Resiliency in action.
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🥰 I got to know Daniel right at the start of my journey of learning to code and and before starting pocket with
@luyzdeleon
@valebef
and
@pabelnl
Hard to describe my feelings of seeing his career grow and our paths cross this way.
Welcome to the team Daniel!
Super excited and grateful to announce that I'm joining
@POKTnetwork
full-time to build one of the core infrastructural protocols that'll shape the future of Web3!
A life-changing trip to Mexico on the Day of the Dead:
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