PureStake is a blockchain infrastructure company that developed Moonbeam Network and provided API, validator, and managed node services across multiple blockchain ecosystems. PureStake's Twitter Score is 17 out of 1000 as of July 2026, ranking #80,133 among 473,418 tracked accounts.
PureStake was founded by Derek Yoo and incorporated as a privately held provider specializing in Infrastructure-as-a-Service and API-as-a-Service. Its service offerings spanned developer APIs, managed blockchain nodes, validator services, infrastructure hosting, and custom software development. PureStake selected Algorand as its first supported network and helped support the Algorand MainNet launch, though it later announced that its Algorand API service and GoalSeeker Block Explorer would go offline on January 1, 2024, marking the end of that infrastructure relationship.
PureStake previously developed Moonbeam Network, an Ethereum-compatible smart-contract platform built within the Polkadot ecosystem, and also deployed Moonriver as its Kusama counterpart. Moonbeam completed its Polkadot launch on January 11, 2022. PureStake also received a Web3 Foundation grant for its work on a Web3-compatible RPC library that underpinned Moonbeam's development. Derek Yoo has since moved on as CEO and co-founder of Moonsong Labs, the technical partner for Moonbeam.
PureStake completed a $6 million strategic financing round in March 2021, led by CoinFund. Additional backers included Hypersphere Ventures, Arrington XRP Capital, HashKey, Binance Labs, ParaFi Capital, Coinbase Ventures, Fenbushi Capital, IOSG Ventures, DU Capital, and Bitcoin.com Exchange. PureStake has published 387 posts on the platform and has been mentioned by 43 accounts a total of 94 times.
Who follows PureStake on X?
The accounts that follow PureStake include 62 founders, 17 angel investors, 46 influencers and 9 VCs, among them Andrew Kang, John Wang, Matthew Graham, Michael Arrington, Jane Lippencott and Ivan On Tech Head Trader Bullmania.