Binance Labs revealed a strategic investment in popular Web3 infrastructure provider Ankr Protocol.
Ankr is a well-known Web3 infrastructure provider. In a nutshell, the protocol works in the background, but it makes using decentralized applications, wallets, as well as crypto-based games possible by connecting them to the blockchains that they need to communicate with.
Known for its continuous support for the BNB Chain by introducing BNB Liquid Staking, as well as building some of its core infrastructures, including their Erigon upgrade, Ankr has now received a strategic investment from Binance’s VC arm – Binance Labs.Ankr has been the recipient of a strategic investment from Binance Labs. The specifics around the total amount invested remain undisclosed.
However, the proceeds will be used to double down on its RPC service while also building out its Web3 developer suite. This includes Liquid Staking DK, Web3 Gaming SDK, as well as Application Chains as a Service. Per the release, the protocol is receiving more than seven billion blockchain requests per day across the 18 different blockchains that it hosts RPCs.We are very excited to count Binance Labs as a strategic investor. BNB Chain is by far the chain with the highest number of daily transactions and active users.
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