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Home » Ankr Revolutionizes Web3 Infrastructure with DePIN Expansion

Ankr Revolutionizes Web3 Infrastructure with DePIN Expansion

Pioneering Decentralized Physical Infrastructure Networks

Kelly Cromley by Kelly Cromley
Mar 16, 2024
in Market News, News
Reading Time: 2 mins read
0
Ankr

Ankr, a trailblazer in Decentralized Physical Infrastructure Networks (DePIN), has unveiled an ambitious expansion strategy through strategic partnerships with leading Ultra Sound Infrastructure providers, marking a significant milestone for the blockchain industry. This initiative aims to redefine the standards of decentralized Web3, reaffirming Ankr’s position as a frontrunner in utilizing idle cloud computing resources to bolster blockchain ecosystems.

Since its establishment in 2017, Ankr has been at the forefront of DePIN development, pioneering an innovative approach to democratize the internet and enhance the resilience and efficiency of Web3 infrastructure. The company’s steadfast commitment to performance enhancement and decentralization has resulted in a range of benefits, including increased node availability, access to high-performance archive nodes, and expanded geographic coverage to address node resource disparities.

Stanley Wu, Co-founder and CTO of Ankr, expressed excitement about the expansion of high-performance decentralized nodes through the Ultra Sound Infrastructure network. He emphasized Ankr’s dedication to fostering a cohesive DePIN experience for all network participants.

The addition of seven new providers, including IoTex, Gateway, Storj, Clover, Tencent Cloud, Mind Heart Soul, and Ankr Labs, signifies a significant leap forward in decentralizing Ankr’s network and broadening support for innovative use cases, such as on-chain AI. Qevan Quo, CTO of IoTex, highlighted the partnership’s potential to facilitate the development of DePIN initiatives within a modular ecosystem, thereby enabling the emergence of new projects with enhanced efficiency and ease of access.

Ankr’s DePIN plays a vital role in meeting the diverse needs of the Web3 ecosystem by facilitating seamless interactions between decentralized applications (dApps), developers, and enterprises across various blockchains. Through its extensive network of nodes, Ankr ensures reliable performance for transactions, wallet balance queries, and smart contract executions, with enhanced core RPC services supported by major cloud providers like Tencent Cloud.

This expansion guarantees amplified performance for Ankr’s RPC service customers, offering increased accessibility of nodes, utilization of high-performance archive nodes, and broader geographic coverage to fill node resource gaps. Additionally, Ankr’s infrastructure supports on-chain AI applications, enabling high-performance computing, data integrity, and decentralization, thereby facilitating a wide range of AI applications directly on the blockchain.

The ANKR token, an integral component of the Ultra Sound Infrastructure program, gains expanded utility as the exclusive payment method for accessing the highest tier of infrastructure, including archive nodes. This development solidifies the ANKR token’s pivotal role in Web3 operations, serving as a “gas” payment for multi-chain infrastructure and providing access to top-quality Web3 infrastructure.

With these strategic partnerships, Ankr embarks on a new phase of global infrastructure expansion, aiming to decentralize the web further and make high-quality distributed network resources universally accessible. The initiative not only extends Ankr’s reach but also calls upon stakeholders across the Web3 space to contribute to building a decentralized, secure, and efficient digital future. Ankr remains committed to continuous growth and sustainable development, inviting interested parties to join this transformative journey.

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