In a significant advancement for the blockchain industry, Ankr has announced an ambitious expansion of its pioneering Decentralized Physical Infrastructure Networks (DePIN) by forming strategic partnerships with notable Ultra Sound Infrastructure providers. This initiative marks a monumental step towards reshaping the decentralized Web3 landscape and underscores Ankr’s leading role in harnessing idle cloud computing resources to bolster blockchain ecosystems.
Founded in 2017, Ankr has been at the forefront of the DePIN domain, championing the democratization of the internet and leading the transition towards a more resilient and efficient Web3 infrastructure. The company’s commitment is now further reinforced through enhancements aimed at boosting performance and decentralization across its network. This expansion promises a host of advantages, including heightened node availability, access to superior archive nodes, and extended geographic coverage, thereby addressing the prevailing gaps in node resources.
Stanley Wu, Co-founder and CTO of Ankr, expressed enthusiasm about the expansion: “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.”
Enhancing Blockchain Infrastructure
The expansion has been significantly marked by the addition of seven new providers: IoTex, Gateway, Storj, Clover, Tencent Cloud, Mind Heart Soul, and Ankr Labs. This move not only amplifies the network’s infrastructure but also enhances support for on-chain AI and various other groundbreaking use cases, manifesting Ankr’s commitment to the evolving demands of the blockchain community.
IoTex’s CTO, Qevan Quo, shared his vision for the partnership: “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.”
Ankr’s DePIN network is crucial in meeting the vast needs of the Web3 ecosystem, enabling fluid interactions between decentralized applications, developers, and enterprises across different blockchains. By providing a robust network of nodes, Ankr ensures reliable transaction processing, wallet balance queries, and smart contract executions through Remote Procedure Call (RPC) requests. This reliability is further bolstered by partnerships with leading cloud providers such as Tencent Cloud.
This expansion is set to enhance the performance of Ankr’s RPC service customers significantly, offering greater node accessibility, utilization of high-performance archive nodes, and filling geographic voids in node resources for wider coverage, thereby ensuring unprecedented speed, reliability, and efficiency across the network.
Building a Better Web3
Notably, Ankr’s infrastructure underpins on-chain AI by facilitating high-performance computing, ensuring data availability and integrity, and upholding decentralization and privacy. This supports AI applications like predictive analytics, automated decision-making, and natural language processing directly on the blockchain. Besides AI, Ankr’s global node infrastructure caters to a broad spectrum of applications, including DeFi, NFTs, gaming, Metaverse experiences, and DAOs.
The ANKR token, essential to the Ultra Sound Infrastructure program, now has extended utility as the sole payment method for the highest tier of infrastructure services, including archive nodes. This move underscores the ANKR token’s vital role in Web3 operations, serving as a “gas” payment for multi-chain infrastructure and offering access to top-tier Web3 infrastructure.
Through these strategic partnerships, Ankr embarks on a new phase in its global infrastructure expansion, aimed at further decentralizing the web and making high-quality, distributed network resources universally accessible. This initiative not only expands Ankr’s reach but also invites stakeholders from the Web3 space to join in building a decentralized, secure, and efficient digital future.
Committed to ongoing growth and establishing a foundation for the sustainable development of a decentralized internet, Ankr, with its new DePIN partners, anticipates broadening its high-quality distributed network. Ankr continues to serve as an all-in-one Web3 developer hub, providing a comprehensive suite of tools for building and powering Web3 applications across 46+ blockchains, thus streamlining blockchain development for a multitude of use cases.
