Drops DAO Integrates with Pocket Network to Improve Decentralized Infrastructure
At Drops DAO, we’re all about continuing to utilize and deploy the optimal infrastructure to help power our NFT loans platform to be as decentralized as possible. With our mainnet now up and running and new NFT lending pools being added into the mix, this is more important than ever.
That’s why we’re thrilled to announce our latest integration with Pocket Network, a multi-chain relay protocol that provides decentralized infrastructure for dApps (decentralized applications) and is aiming to be the TCP/IP for Web3.
Keep reading to learn more about the details surrounding this exciting news and what it means for Drops.
About the Integration
We’ve decided to switch from Infura’s Web3 APIs to Pocket Network’s solution to optimize and scale our NFT loans protocol. Pocket Network will use relay chains to transfer all Drop’s activity and data to external blockchains through its nodes, optimizing efficiency while providing the decentralized infrastructure we need.
Michael O’Rourke, CEO of Pocket Network, had this to say:
“We couldn’t be more excited to work with the Drops DAO team on this initiative. We’ll strive to bring immense value to their platform by integrating Pocket Network’s decentralized architecture and technology, helping optimize processes for NFT loans across the board.”
The protocol has a trustless API protocol that can route requests from Drops to thousands of these different independent full nodes, meaning better and more reliable data with zero downtime.
Darius Kozlovskis, Founder & CEO of Drops, said:
“This partnership with Pocket Network is an extremely important one for Drops. Our ultimate goal is to power our platform in a truly decentralized and efficient way. Pocket Network is changing the game with its relay chains, node infrastructure, and much more. We look forward to continuing to work together to help one another down the line.”
This is also an important stepping stone for Drops as we continue to build on our path to scaling and supporting other blockchains. Pocket Network’s nodes can help streamline the process and direct validators to other blockchains for optimization. Given that their protocol already supports 40+ networks and counting, their technology will help support this vision and get us there faster, making Drops a truly multi-chain platform.
What Comes Next
We’ll be working closely with Pocket Network’s team through this partnership to fully integrate and deploy their technology on the Drops platform. This is just the beginning of much more to come, and we’re excited to work with their team.
Make sure to follow us on our social media channels below so you can stay up to date on the latest developments regarding this collaboration. Things are moving quickly, so you won’t want to miss what we have in store!
About Drops DAO
Drops DAO provides loans for NFT and DeFi assets, supplying them with much-needed utility.
The protocol uses lending pools that enable any type of NFT asset to be used as collateral — from collectibles and metaverse items to financial NFTs. Users can leverage their idle NFTs and DeFi tokens to obtain loans and earn extra yield.
About Pocket Network
Pocket Network is a blockchain data platform that uses its node network, coupled with efficient processes, to allow for smooth communications between different blockchains and dApps. It allows for blockchain integrations into mobile applications, websites, and more, providing developers with the flexibility to bring blockchain dApps to the masses. POKT is the protocol’s native utility token and is used to run validator nodes and for service nodes.
