Binanceweb3 infrastructure provider of Binance Labs, the investment and venture capital arm of . Ankr ProtocolIt was announced that he invested in .
The amount of the investment was not disclosed in the announcement made by Binance.
The following statements were used in the announcement:
“Binance’s venture capital arm, Binance Labs, has made a strategic investment in Web3 infrastructure provider Ankr.
Ankr has previously made open source contributions to BNB Chain and BNB Liquid Stake.
The Erigon upgrade reduced BNB Chain’s storage requirements by 75%, increased RPC performance tenfold, and made the synchronization process 100x faster.
Ankr also supports the BNB Chain ecosystem by bringing the features of DeFi to BNB Liquid Stake.”
Ryan Fang, co-founder of popular Web3 infrastructure provider Ankr, said:
“As a strategic investor, we are very excited to have Binance Labs.
BNB Chain is the chain with the highest amount of daily transactions and active users to date.
We are committed to helping BNB Chain as it scales further, develops the BNB token utility, and expands the Binance Application Sidechain (BAS) ecosystem.
We aim to support not only innovative use cases that require a highly scalable infrastructure, but also infrastructure services that can contribute to the creation of permissive sidechains.”
Ankr rose 26% after Binance’s investment announcement.
*Not Investment Advice.
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