July 16th- Singapore - Pontem, a Dapp framework built on the Polkadot ecosystem for experimentation on the Facebook-backed Diem blockchain, is pleased to announce a partnership with Pinknode, the most popular and trusted node infrastructure provider on Polkadot. Through this collaboration, both teams aim to provide crucial infrastructure for Web 3.0 purposes. Pontem Network, in collaboration with Pinknode’s Polkadot node infrastructure, can serve global entrepreneurs testing product market fit in an incentivized public network, before migrating their applications to the permissioned Facebook-backed Diem Blockchain.
Pontem, founded in 2020, is building a public and permission-less version of the Facebook-backed Diem Blockchain, a much-anticipated digital currency and blockchain ecosystem that is slated for release later in 2021. Pontem enables global entrepreneurs to easily experiment with new ideas before porting to Diem’s Move technology ecosystem. Simultaneously, Diem Blockchain users will have access to all of the features developed in the Pontem ecosystem, as these two networks will be interoperable.
“We are excited about collaborating with another project that is aligned to our goals, allowing us both to achieve our full potential. With Pinknode acting as our primary infrastructure provider, their reliable and secure API endpoints will be a key building block to completing our joint goal of improving Polkadot’s current infrastructure, while also allowing us to work towards our goal of becoming the experimentation network for Diem. We look forward to what this partnership will bring.” Boris Povod, Founder, Pontem
By building on Polkadot, the team ensures that any project connecting to the Parachain is interoperable with the Diem Blockchain. This allows all products developed on Polkadot to integrate with the Diem Blockchain through the Pontem Network, and brings a lot of attention to the venture through offering an extra degree of freedom and customization to Diem's ecosystem.
Partnering with Pinknode is critical, as both teams share similar goals of improving Polkadot's current infrastructure to benefit dApp developers. As Pontem builds the Polkadot-based public alternative to Facebook-backed Diem, Pinknode will provide Pontem with secure, reliable, and scalable API endpoints as the primary infrastructure provider. Pinknode's code allows for connecting dApps to the current Kusama developmental ecosystem for Polkadot developers. Pinknode is also the most popular customizable API endpoint provider in the Polkadot ecosystem, and having their services integrated with the Pontem Network is a crucial milestone and vote of confidence in Pontem’s strategy.
“In light of our synergies as infrastructure projects on Polkadot, Pinknode fully supports Pontem’s mission to build a bridge to Diem’s permissioned blockchain and potentially onboarding billions of users onto the Polkadot ecosystem. Collaborating with Pontem will allow Pinknode to do what it does best - providing dApp developers the infrastructural support they need to accelerate and expand the revolutionary potential of Polkadot’s cross-chain interoperability.” -Eric Poh, Co-Founder of Pinknode
The partnership with Pinknode marks another big accomplishment for Pontem. Previously, the project raised $4.5 million in private funding from Mechanism Capital, Kenetic Capital, Animoca Brands,and others. Creating a testing ground for Diem, and allowing for the public permissionless development of new protocols and communities will prove beneficial to the blockchain industry as a whole. With an operational Pontem Network testnet built on Substrate, developers can now begin to build applications that can easily be ported to the Diem Blockchain.
About Pontem
Pontem is building a bridge to connect the Diem Blockchain to the decentralized ecosystem of public permissionless blockchains like Ethereum via Polkadot. This will expose Facebook’s 2.7 billion users to any crypto use-case, from decentralized finance (DeFi) to non-fungible tokens (NFTs). With Pontem Network and development platform, users can build and test apps on Polkadot and other popular blockchains before migrating their products to the Diem Blockchain.
About Pinknode
Pinknode is a Polkadot-only Infrastructure-as-a-Service provider with the goal of accelerating adoption and empowering innovators to easily build Web 3 apps without having to worry about managing node hardware and software. By providing API endpoints through a streamlined onboarding process and maintaining secure, reliable and scalable node infrastructure, Pinknode helps innovators jumpstart development quickly and accelerates product life cycles.
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2021-07-16 14:06:15
