Binance Labs Invests in Node Provider Ankr

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Binance Labs, the venture capital and incubation division of Binance, has recently made a major investment in Ankr, the second largest node provider just behind Alchemy.

The company, which is one of the world’s leading Web3 infrastructure providers, serves more than 7.2 billion blockchain requests every day across over 30 blockchain networks. 

It should be noted the fact that Binance Labs has decided to make this strategic investment in the company following Ankr’s contributions to the BNB Chain. All BNB Chain projects and users can enjoy a better service thanks to Ankr’s upgrades to the network.

Ark has built out BNB Chain’s core infrastructure including their Erigon upgrade, Archive Node upgrade and the latest BNB Application Sidechain (BAS) scalability solution.

Ark has reported that it will use the funds to keep developing its industry leading RPC service and build out its Web3 developer suite, including its Liquid Staking SDK, Web3 Gaming SDK and App Chains As a Service.

Ryan Fang, Chief Operating Officer at Ankr, has said:

“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. We are committed to support BNB Chain further scale, enhance BNB token utility by enabling DeFi composability using BNB Liquid Staking, and expand Binance Application Sidechain (BAS) ecosystem to enable innovative use cases requiring a highly scalable infrastructure, and other innovative infrastructure services opening the gates to permissioned sidechains.”