On Tuesday (21 February 2023), blockchain infrastructure provider Ankr announced a strategic partnership with technology giant Microsoft, aiming to provide high-performance blockchain connections for developers and organizations; this has helped $ANKR, the utility token of Ankr Network, to surge over 68% earlier today.

Source: Ankr

The $ANKR token “gives users access to Ankr Network, the most decentralized infrastructure protocol in existence,” with users spending $ANKR to “make requests to the different blockchains they need to communicate with.”

According to data from TradingView, on 21 February 2023, between 1:57 p.m. UTC and 3:05 p.m. UTC, $ANKR surged from $0.03303 to $0.05574, which is a gain of 68.75% in just over an hour.

Source: TradingView

According to Ankr’s blog post, through the partnership, Ankr and Microsoft will provide “a reliable, easy-to-use node hosting service,” soon to be available via Microsoft’s Azure marketplace, that provides “a readily accessible gateway to blockchain infrastructure for millions of monthly customers.”

The enterprise node deployment service will “offer global, low-latency blockchain connections for any Web3 project or developer so they can focus their time on innovating and scaling their Web3 projects and applications.”

Chandler Song, Co-Founder & CEO, Ankr said:

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 players in every layer of web systems. The end result will be an era of extremely prolific building for blockchain-based applications from new Web3 projects as well as large enterprises entering the space.

And Rashmi Misra, Microsoft General Manager AI & Emerging Technologies, said:

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 enterprise exploring Web3.

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Featured Image via Pixabay