Binance Labs has revealed a strategic investment in popular Web3 infrastructure provider Ankr Protocol.
Ankr is a well-known Web3 infrastructure provider. In short, the protocol works in the background, but it makes the use of applications, decentralized wallets as well as crypto-based games possible by connecting them to blockchains. they need to communicate.
Known for their continued support for the BNB Chain by introducing BNB Liquid Staking, as well as building some of the core infrastructure, including their Erigon upgrade, Ankr has now received a strategic investment. strategy from Binance’s VC arm – Binance Labs.
Binance Labs investments in Ankr
According to a press release shared with CryptoPotato, Ankr has been the recipient of a strategic investment from Binance Labs. The specifics of the total investment amount are yet to be disclosed.
However, the proceeds will be used to double the RPC service and build the Web3 development kit. This includes Liquid Staking DK, Web3 Gaming SDK, as well as App Chain as a Service.
According to the release, the protocol is receiving over seven billion blockchain requests per day across the 18 different blockchains it hosts RPC.
Speaking on the matter, Ryan Fang, Executive Office Manager at Ankr, said:
We are delighted to consider Binance Labs as a strategic investor. By far, BNB Chain is the chain with the highest number of daily transactions and active users. We are committed to supporting BNB Chain to scale further, enhancing BNB token utility by enabling DeFi hybrid capabilities using BNB Liquid Staking, and expanding the Binance Application Sidechain (BAS) ecosystem ) to enable innovative use cases that require highly scalable infrastructure and other innovative infrastructure services that open the gates to licensed sidechains.
Staking ANKR Token is Active
Binance’s investment in Ankr comes days after the protocol revealed that it has enabled staking of tokens on its infrastructure level.
This allows ANKR holders to stake their tokens to support nodes and earn rewards. CryptoPotato reported on how rewards are distributed here. At the time, Greg Gompan, Marketing Office Manager at Ankr, said:
Today marks a great achievement of Ankr. A place where we have moved from being a centralized infrastructure provider to a truly decentralized protocol solution where token holders can contribute and earn money online with us. This puts Ankr in a class of its own, not only as one of the best tech companies in the industry, but also one of the purest to accommodate Web3 omnidirectional growth.