How Ankr’s DePIN Network Boosts Blockchain Decentralization

Ankr launches strategic DePIN network expansion and its partnerships aiming to fortify Web3 infrastructure and decentralization.

Guy using Ankr’s DePIN blockchain.
Created by Kornelija Poderskytė from DailyCoin
  • Ankr expands its DePIN network with Ultra Sound Infrastructure partners.
  • Increased node availability and performance, supporting on-chain AI and Web3 applications.
  • Ankr collaborates with seven new providers to strengthen its network.

Decentralization is one of Web3’s key values. However, networks are only as decentralized as the infrastructure they use. For that reason, decentralized infrastructure providers are key. 

Ankr, a Web3 infrastructure firm working with Polygon and BNB, recently unveiled an expansion of its Decentralized Physical Infrastructure Network (DePIN), marking a significant move towards the goal of a more decentralized Web3. The company also announced partnerships with other major network providers.

Ankr Strengthening Decentralized Web3

On Thursday, March 14, Ankr announced major expansions in its DePIN network to leverage idle cloud computing resources for blockchain ecosystems. The expansion involves partnerships with several Ultra Sound Infrastructure providers, including IoTex, Gateway, Storj, Clover, Tencent Cloud, and more. 

Sponsored

These partnerships are designed to strengthen Ankr’s infrastructure and broaden its geographic coverage, ensuring more robust support for the blockchain community’s evolving needs. By enhancing node availability and performance, Ankr addresses key challenges in Web3’s development, making decentralized services more accessible and reliable.

The move aims to fill gaps in node resources, increase node availability, and offer high-performance computing for various applications, from on-chain AI to decentralized applications (dApps).

Ankr and the Future of Blockchain and AI 

The strategic expansion of Ankr’s network, in partnership with Ultra Sound Infrastructure providers, is about scaling the existing capabilities and laying the foundation for the next wave of blockchain applications. Ankr sets the stage for advanced blockchain functionalities by increasing access to high-performance computing and nodes, including on-chain AI applications. 

Sponsored

This enhanced infrastructure enables applications requiring real-time data analysis and complex computations and those aiming to utilize AI for predictive analytics, automated decision-making, and natural language processing on the blockchain.

On the Flipside

  • Ankr has partnerships with Polygon and Binance’s BNB network, providing both chains with the required infrastructure.  
  • Ankr leverages distributed infrastructure to help run blockchain networks. 

Why This Matters

Ankr’s recent expansion is a significant advancement towards realizing the full potential of a decentralized internet. By bolstering the infrastructure that supports Web3, it is laying the groundwork for future innovations in Web3. 

Read more about Ankr and what it does: 

ANKR Coin: What Is a Web3 Infrastructure Provider?

Read more about the reactions to Ethereum’s latest network upgrade: 

Ethereum’s Decun Upgrade is Live: Here’s How Users Reacted

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
David Marsanic

David Marsanic is a journalist for DailyCoin who covers the intersection of crypto, traditional finance, and government. He focuses on institutionalized crypto entities like major cryptocurrency exchanges and Solana, breaking down complex topics into easy-to-understand writing. David's prior experience as a business journalist at various crypto and traditional news sites has enabled him to maintain a critical approach to news while adhering to high journalistic integrity standards.