Ankr Bolsters Web3 with Expansion of DePIN Network and Introduction of New Partners

[PRESS RELEASE – San Francisco, California, March 14th, 2024]

In a landmark move for the blockchain industry, Ankr, a pioneer in the development of Decentralized Physical Infrastructure Networks (DePIN), is thrilled to announce an ambitious expansion of its network through strategic partnerships with leading Ultra Sound Infrastructure providers. This expansion is set to redefine the standards of a decentralized Web3, reinforcing Ankr’s position at the forefront of leveraging idle cloud computing resources to support blockchain ecosystems.

Since its inception in 2017, Ankr has distinguished itself as the first DePIN in the blockchain space, utilizing its innovative approach to democratize the internet and pave the way for a more resilient and efficient Web3 infrastructure. Today, Ankr’s commitment to enhancing performance and decentralization through its network brings forth a suite of benefits, including increased node availability, access to high-performance archive nodes, and extended geographic coverage to address gaps in node resources.

“As pioneers in the DePIN landscape, we’re excited to expand the availability of high-performance decentralized nodes through our Ultra Sound Infrastructure network. Looking ahead, we will continue to develop a cohesive DePIN experience for all network participants,” said Stanley Wu, Co-founder and CTO of Ankr.

The addition of seven new providers, including IoTex, Gateway, Storj, Clover, Tencent Cloud, Mind Heart Soul, and Ankr Labs, marks a significant leap forward in the decentralization of Ankr’s network. This expansion not only strengthens the infrastructure but also broadens support for on-chain AI and a variety of other innovative use cases, demonstrating Ankr’s dedication to meeting the evolving needs of the blockchain community.

“At IoTeX, our mission is to build a modular ecosystem where projects can easily develop DePIN initiatives. This partnership with ANKR will open up a new set of tools for DePIN builders. By enabling both IoTeX and ANKR’s infrastructure to be readily available for any project, we are positive that many new DePIN projects will come to the surface given the easiness and efficiency that these partnership tools bring to the table.” said Qevan Quo, CTO of IoTex.

Ankr’s DePIN is instrumental in serving the vast and growing needs of the Web3 ecosystem, facilitating seamless interactions between decentralized applications (dApps), developers, and enterprises across various blockchains. Through its robust network of nodes, Ankr ensures reliable performance for transactions, wallet balance queries, and smart contract executions via RPC (Remote Procedure Call) requests, with enhanced core RPC services thanks to partnerships with major cloud providers like Tencent Cloud.

This expansion guarantees amplified performance for Ankr’s RPC service customers, offering:

• Increased accessibility of nodes to serve RPC traffic
• Utilization of high-performance archive nodes
• Filling geographic gaps in node resources for broader coverage
• Unmatched speed, reliability, and efficiency across the network

Moreover, Ankr’s infrastructure plays a pivotal role in supporting on-chain AI by providing high-performance computing, data availability and integrity, and ensuring decentralization and privacy. This facilitates AI applications in predictive analytics, automated decision-making, and natural language processing directly on the blockchain. Beyond AI, Ankr’s global node infrastructure supports a wide range of use cases, from Decentralized Finance (DeFi) and Non-Fungible Tokens (NFTs) to gaming, metaverse experiences, and Decentralized Autonomous Organizations (DAOs).

The ANKR token, integral to the Ultra Sound Infrastructure program, sees expanded utility as the exclusive payment method for accessing the highest tier of infrastructure, including archive nodes. This enhancement solidifies the ANKR token’s critical role in Web3 operations, acting as a “gas” payment for multi-chain infrastructure and providing a gateway to the highest-quality Web3 infrastructure.

With these strategic partnerships, Ankr embarks on the next phase of its global infrastructure expansion, aiming to further decentralize the web and make high-quality, distributed network resources universally accessible. This 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 is committed to continuous growth and laying the groundwork for the sustainable development of a decentralized internet. With the introduction of new DePIN partners, Ankr looks forward to expanding its high-quality distributed network and invites those interested in joining this revolutionary journey.

About Ankr

Ankr is an all-in-one Web3 developer hub that provides a full suite of tools to build Web3 apps and power them with high-performance connections to 46+ blockchains, leveraging idle cloud computing resources globally. As the approved infrastructure partner for building dedicated L2 rollups and sidechains on ecosystems like Optimism, zkSync, BNB Smart Chain, Polygon, and Avalanche, Ankr simplifies blockchain development for all use cases. Ankr creates new blockchains for projects while satisfying every requirement for infrastructure and engineering, such as validators, RPC nodes, block explorers, testnets, staking platforms, and more, for completely custom blockchain solutions.