Keystone PM: @Jack

Copilot: @Dermot

Purpose & objectives

The purpose of the “Into the Gateway-verse” project is to help the Pocket Network ecosystem make the leap from a single gateway paradigm to a multi-gateway paradigm.

Our aims with “Into the Gateway-verse” are:

  1. Remove any logistical barriers to Pocket Network becoming a multi-gateway ecosystem
  2. Support a second-mover gateway to bootstrap their gateway and develop open-source IP that will lower the barrier to entry for subsequent gateways
  3. Learn more about gateway operating to inform refinement of the on-chain gateway actor mechanisms in v1
  4. Foster innovations in gateway technology, including enhanced methods for data integrity, quality assurance, cost-savings, and value-add services
  5. Diversify Pocket Network’s sources of protocol revenue

We believe that doing all of the above is the most significant impact we can have on the future growth of Pocket Network’s protocol revenue.

Implementation plan

Success metric

The north star metric for Pocket Network is protocol revenue (measured by the fees collected from gateway operators). As of 19 June 2023, this is sitting around $40k per month (per Web3Index 3).

While there will be a lagging impact of the objectives we outlined above, we expect this metric to improve as a result of achieving these objectives.

FAQ

Supporting Nodies as the Second-mover in the Gateway-verse

We began talking to Nodies (a subsidiary of BaaS Pools, LLC.) about the vision of a gateway-verse when they approached us in February with a proposal to build their own gateway. In the time since, they have formed a team of 7 community members, comprising Poktblade as the lead developer, 2 sys-op engineers, 4 software engineers, and a sales rep.

Now that they have pushed forward in soft launching their RPC webapp 2 and we are one month into The Road to Revenue, we feel it is time to begin supporting Nodies more directly with bootstrapping grants and hands-on support by PNF and community members alike. This would include a do-not-exceed budget of $300k in grants – $50k per month for 6 months, or sooner if Nodies reaches a sustainable threshold. We expand more on the budget below.

In return, Nodies will provide the following contributions to our ecosystem: