• Ankr partners with Microsoft to offer an enterprise node hosting service
• Microsoft will integrate Ankr’s blockchain infrastructure into its Azure Marketplace
• The news of the partnership saw ANKR token spike by 60% in 24 hours
Ankr Partners with Microsoft
Web3 infrastructure provider Ankr has partnered with Microsoft to offer enterprise node hosting service. Microsoft will integrate Ankr’s blockchain infrastructure into its Microsoft Azure Marketplace to help developers scale their applications.
Microsoft’s Growing Trust in Web 3 and Blockchain
The partnership with Ankr is not Microsoft’s first foray into the Web3 and blockchain space. Last year, Microsoft led a $20m funding round for the decentralized data platform Space and Time and pushed to bring DevOps discipline to Web3. By partnering with Ankr, Microsoft looks to help „developers and organizations are exploring how Web3 can help solve real-world business challenges“ access blockchain data in a reliable, scalable, and secure way.
ANKR Responds Positively
Reacting to the partnership, Chandler Song, Co-Founder and CEO at Ank, said it is „a critical step in bringing blockchain infrastructure to a growing sector of the digital economy.“ The Microsoft and Ankr service will allow crypto and Web3 companies to deploy smart contracts, relay transactions, and manipulate blockchain data. Song claims the solution will be the „most powerful“ infrastructure product for Web3 projects.
ANKR Jumps 60%
At the news of this announcement, ANKR rallied by 60% reaching highs of $0.05321 for the first time since August 2022. This shows investors had positive expectations on this partnership between two big tech giants which could further drive adoption of blockchain technology as well as fuel further development in the industry.
Conclusion
In conclusion, this collaboration between two tech giants could have a huge impact on driving adoption of blockchain technology as well as fuel further development in the industry. It also goes a long way towards showing that trust is being built when it comes investing in web 3 projects backed by large corporations such as Microsoft or Amazon who are now providing services related to such projects .
