Latest News

Binance Labs Makes a Strategic Investment in Ankr

Binance Labs announced today its strategic investment in Ankr.

Main takeaways:

– Binance Labs’ strategic investment will help Ankr further improve the scalability of blockchain networks.

– Launched in 2017, Ankr provides builders with streamlined access to a global network of nodes running on 18 different blockchains.

Binance Labs, the venture capital arm and accelerator of Binance, has made a strategic investment in Web3 infrastructure provider Ankr. The funds will go toward ramping up the work on Ankr’s remote procedure call (RPC) service and building out its Web3 developer suite.

Ankr has previously made open-source contributions to the BNB Chain and BNB Liquid Staking. It helped build out BNB Chain’s core infrastructure. Additionally, Ankr further improved the BNB ecosystem by implementing the Erigon and Archive Node upgrades, as well as the latest BNB Application Sidechain (BAS) scalability solution. The Erigon upgrade reduced BNB Chain’s storage requirements by 75%, increased RPC performance tenfold, and made the synchronization process 100 times faster.

Ankr also supports the BNB Chain ecosystem by bringing DeFi composability to BNB Liquid Staking. BNB token holders can engage in staking, farming, and contributing to vaults all at once. They can also mint new liquid staking tokens, which can be used to earn layers of rewards on both BNB Chain and Ethereum-based decentralized exchanges (DEXs).
Ryan Fang, co-founder of Ankr, said: “We are very excited to have Binance Labs as a strategic investor. BNB Chain is the chain with the highest amount of daily transactions and active users by far. We are committed to helping BNB Chain further scale, enhancing the BNB token utility, and expanding the Binance Application Sidechain (BAS) ecosystem. We aim to support not only innovative use cases that require a highly scalable infrastructure, but also infrastructure services that could contribute to building permissioned sidechains.”

Ankr’s developer suite includes the Multi-Chain Liquid Staking software development kit (SDK), Web3 Gaming SDK, and App Chains-as-a-Service. An underlying utility service that powers Web3 projects and DApps, the Ankr protocol currently serves an average of 250 billion RPC requests per month across 50 blockchain networks.

Masha Prusso

Masha Prusso is Head of PR at Polygon. | She founded Crypto PR Lab and is a partner at Story VC, fund investing in blockchain startups and helping to boost growth with PR. She writes about DeFi and NFT among other topics in blockchain space. | Winter Olympic Games participant in snowboarding halfpipe, and attorney, she invests in blockchain startups and helps boost their growth with content creation and business development.

Share
Published by
Masha Prusso

Recent Posts

Best Practices For Dedicated Software Development Teams

It seems like every day we hear about another company that has been devastated by…

2 hours ago

Phentaslim Reviews, Real Phentaslim Review Before and After Results

Phentaslim is a diet pill made and distributed by Optimum Nutra. The company has been…

3 hours ago

9-Figure Media Joins The Rank of Top 10 PR Agencies in the World

PR agencies promote companies or personal brands via editorial coverage.  This is “earned” or “free”…

5 hours ago

How to choose your PC GAMER MAROC

You should pay particular attention to the périphériques PC you attach to your PC Gamer,…

6 hours ago

6 Things to Consider Before Buying the DreameBot L10s Ultra

Dreame Technology ("Dreame"), a global leader in smart home cleaning appliances, has officially released the…

8 hours ago

Ways to Create Affordable and Stylish Packaging

We all know that the competition between different cosmetic brands increases with time. Each brand…

9 hours ago