Web3 Crypto Project Explodes 80% Amid Surprise Partnership With Microsoft
A cryptocurrency aimed at boosting the Web3 economy is exploding after a surprise partnership announcement with tech giant Microsoft.
Blockchain infrastructure project Ankr Network (ANKR) has surged 80% in the past 24 hours following a major announcement to partner with Microsoft to provide enterprise node services.
“Microsoft is now partnering with Ankr for our expertise in providing infrastructure solutions that connect developers, applications and users to the newest layer of the internet – Web3.”
According to the announcement, the partnership will allow businesses to easily connect to blockchain data through node hosting services. The aim is to make the services available through the Microsoft Azure market. Services will allow customers to launch enterprise-class blockchain nodes, optimize data querying and track node performance.
The partnership is described as a pairing of Ankr’s blockchain infrastructure innovations with Microsoft’s cloud services.
Says Rashmi Misra, Microsoft General Manager AI & Emerging Technologies, about the partnership,
“Many developers and organizations are exploring how Web3 can help solve real-world business challenges, and our partnership with Ankr will enable them to access blockchain data in a reliable, scalable and secure way. Together with Ankr, we are building a strong Web3 infrastructure layer whether you’re a developer building the next big decentralized application (DApp) or an established business exploring Web3.
Says Ankr CEO and co-founder Chandler Song,
“This was a critical step in bringing blockchain infrastructure to a growing sector of the digital economy. The partnership, while an incredible milestone for Ankr, is also a key indicator of how far the decentralized web has come in integrating with the crucial the players at each layer of web systems The end result will be an era of extremely productive building for blockchain-based applications from new Web3 projects as well as large enterprises entering the space.
ANKR is worth $0.053 at the time of writing, up 54% on the day and up 83% over the past two weeks. According to the blockchain project’s website, the goal of Ankr Network is to make Web3 accessible to everyone.
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