OSLO, NORWAY: DLTx announced the purchase of NachoNodes’ Pocket Network assets and intellectual property as part of its expansion of Web 3 infrastructure services.

Pocket Network is a decentralized API designed to help Web 3 applications communicate with blockchain networks through an extensive network of nodes that are designed to enable greater decentralization of Web 3 protocols.

Through its purchase of NachoNodes, DLTx has added decentralized technology experts to its team and has acquired advanced software that enables at-scale decentralized nodes and the Pocket Network staking business.

Simon Campbell, Chief Operating Officer of DLTx, commented, “adding the NachoNodes’ assets to our portfolio gives our company expanded monetization capabilities within our infrastructure that has predictable scale based on prior investments.”  

As part of the acquisition, both Alex Firmani and Adam Liposky, core participants in the early development and global expansion of Pocket Network, will join the DLTx team. Mr. Firmani will lead the Software Infrastructure division, and Mr. Liposky will lead the Validator-as-a-Service division, initially focusing on the scaling of the Pocket Network assets that migrated from NachoNodes to DLTx.

David Johnston, Chief Strategy Officer of DLTx, added, “investing in deep technical expertise around a protocol further empowers decentralization and ensures that we can continue with our mission of supporting decentralized Web 3 infrastructure at scale.”