TAMPA, FLORIDA, Aug. 31, 2022 (GLOBE NEWSWIRE) — Web3 infrastructure project Pocket Network has revealed new details about its partnership with GoodDollar, a crypto project that takes on inequality worldwide. Nearly half a million people worldwide have now claimed GoodDollar’s Universal Basic Income (UBI), prompting the protocol to integrate Pocket Network’s technology to help it scale.
UBI is a policy concept that legally provides an equally determined financial stipend paid by the authorities without means testing. GoodDollar’s non-profit protocol takes this concept a step further by enabling the unbanked and underbanked with a mobile phone to experience, learn and use digital currency. Incorporating Pocket Network’s middleware provides remote procedure call (RPC) endpoints to ensure that GoodDollar’s UBI platform can handle the high volume of data relays, without service interruption. Currently, Pocket Network serves nearly 20 million data relays per day for GoodDollar.
“Our goal is to redistribute wealth and build better economies, and we need to solve the problem of distribution,” said GoodDollar’s Patricia Pedrosa. “Pocket has been instrumental in simplifying Web3 complications and helping us scale. We’re grateful that people are realizing the power of what we’re building to actually make real change in the world.”
Pocket Network and GoodDollar’s shared goals include making Web3 easier, streamlined and accessible. Pocket Network achieves this with easy-to-use developer interfaces/UX in Pocket Portal, where developers can enable multi-chain endpoints and access data relays for their applications with just a few clicks. GoodDollar, on the other hand, tackles this goal from the consumer side, by distributing free crypto to everyone, again focusing on UI/UX that is easy for everyone to use. GoodDollar has gained significant traction since its launch, and is also a champion of such initiatives as #CryptoForHer, where campaign donations directly benefit women and girls.
GoodDollar sees a lot of volume as the entry point for thousands of new crypto holders; therefore, Pocket Network’s protocol was essential to match this demand and route network traffic efficiently. Pocket Network rewards node providers with $POKT for serving traffic. It has also been a major source of data relay power for networks such as Ethereum, Polygon, Gnosis Chain, Avalanche, Solana, Fuse, Fantom and Near, performing as many as one billion relays a day. Adding GoodDollar (which operates on Ethereum and Fuse) was the second best fit.
For more information about Pocket Network visit pokt.network. To learn more about GoodDollar, visit GoodDollar.org.
About GoodDollar
GoodDollar.org is a non-profit protocol that provides a community-driven crypto basic income as part of its mission to promote financial education and inclusion. The protocol opens the door for the $100 billion DeFi market to have a lasting impact on the field of social responsibility and on board the 1.7 billion people who are still not tapped into the digital economy. GoodDollar has built a wallet that allows any human with an internet connection to register and claim a small daily income in G$ coins. The project was founded in 2018 by Yoni Assia, founder and CEO of eToro; eToro has supported the development of the GoodDollar protocol as part of its corporate social responsibility initiatives, and its commitment to financial education and empowerment.
About Pocket Network
Pocket Network, a blockchain data ecosystem for Web3 applications, is a platform built for applications that use cost-effective economics to coordinate and distribute data at scale. It enables seamless and secure interaction between blockchains and across applications. With Pocket, the use of blockchains can be easily integrated into websites, mobile apps, IoT and more, giving developers the freedom to put blockchain-enabled applications into the “pocket” of any ordinary consumer. For more information visit pokt.network.
