Binance Labs invests in the Ankr project! Ankr, a very popular Web 3 service provider, has just received financial support from Binance Labs. A new investment for Binance's fund, which is establishing itself as one of the most powerful supporters of the ecosystem.
Ankr: a resource protocol for Web 3 players
Ankr, not to be confused with the defunct Anchor Protocol, is an infrastructure provider in the Web 3 industry. This protocol is not visible to the user but allows many decentralized applications to work.
It allows games, wallets, and different protocols to be connected to the blockchain with which they must communicate.
Ankr comes to help developers, dApps, or even stakers to interact with blockchains. Ankr is fully in line with a cross-chain perspective, i.e. connection between the different blockchains.
A major issue according to many experts in the sector such as Vitalik Buterin, the founder of Ethereum. For this, it offers a whole series of tools allowing access to many blockchains via a single decentralized platform.
The protocol is used by industry heavyweights such as Aave, Avalanche, Zapper, and Sushi Swap. Ankr ultimately wants to become one of the service competitors like Google Cloud or Microsoft Azure but in a decentralized way!
The ANKR token flies away
This news of the investment of a player as important as Binance Labs propelled the token to the top! Indeed, ANKR is up more than 52% over the last 24 hours in a market that has been generally in the green for a few days.
The token is at its 3-month high at $0.051. However, it is still far from its ATH reached in March 2021 at $0.2252.
This announcement attracted many investors as the trading volume on this asset increased by 1100% in just 24 hours. New proof, if needed, of Binance's ability to move the crypto market.
Binance labs had already supported Polygon, Stepn, The Sandbox, or Elrond. An impressive list that shows the impact that supports from the fund can have on a project.
Binance Labs: strong support for Web 3 players
Binance Labs has therefore just invested in the Ankr project, demonstrating its interest in this project at the heart of Web3. For the time being, no amount has yet been revealed regarding the exchange giant's investment in Ankr.
Ankr COO Ryan Fang says of the partnership:
"We are very happy to count Binance Labs among the strategic investors. BNB Chain is by far the blockchain with the most daily transactions and active users. We are committed to supporting the expansion of the BNB Chain, improving the utility of BNB tokens by enabling DeFi composability using BNB Liquid Staking, and developing the Binance Application Sidechain (BAS) ecosystem to enable innovative uses requiring highly scalable infrastructure, as well as other innovative infrastructure services that open doors for sidechains."
These funds should be used to increase its RPC service offering and to develop tools for Web developers 3.
Ankr receives more than 7 billion requests from blockchains per day on the 18 different blockchains (Avalanche, Celo, Polygon, Ethereum, or Near to name a few) where it hosts RPCs.
A figure testifying to the massive establishment of Ankr on a large number of blockchains.
Ankr recently announced that it allows the staking of its token at the level of its infrastructure. This means that it is possible for developers of decentralized applications, for example, to stake a certain number of ANKR tokens to generate returns received in ANKR tokens.
Protocol Marketing Director Greg Gompan says enthusiastically:
Today marks a monumental achievement for Ankr. We have evolved from a centralized infrastructure provider to a truly decentralized protocol solution, where token holders can contribute and earn with us on the network.
Binance Labs recently announced the collection of nearly $500 million to support projects related to Web 3. The investment arm of the exchange giant is therefore continuing its massive support for the ecosystem and establishing itself as one of the key players in the crypto industry.
Ankr meanwhile with its decentralized operation could well be one of the big winners in the years to come.
Indeed, in the context of the banishment of Tornado Cash by many services, truly decentralized solutions like Ankr could attract many projects and investors.
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