Ankr received a strategic investment from Binance Labs, according to a <a href="https://www.binance.com/en/blog/ecosystem/binance-labs-makes-a-strategic-investment-in-ankr-8803429302834521105" target="_blank" rel="nofollow noopener">press release</a>, and the details regarding the entire amount invested are kept secret. However, the money will go into expanding its Web3 developer suite and strengthening its RPC service. This contains Application Chains as a Service, Web3 Gaming SDK, and Liquid Staking DK.

As mentioned in the press announcement, the protocol provides RPCs for 18 different blockchains and receives more than seven billion blockchain requests daily.

https://twitter.com/BinanceLabs/status/1557738028545626112

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<h2>Ankr Introduced BNB Liquid Staking</h2>
Ankr is a well-known supplier of Web3 infrastructure. In a word, the protocol connects decentralized applications, <a href="https://www.cryptoknowmics.com/news/slope-wallets-assumed-to-be-the-culprit-of-the-solana-attack/" target="_blank" rel="noopener">wallets</a>, and crypto-based games to the blockchains they require to function. It does this in the background. Ankr, well-known for introducing BNB Liquid Staking and creating some of the BNB Chain's fundamental infrastructures, notably its Erigon upgrade, has now received a strategic investment from Binance Labs, the company's venture capital arm.

With the ability to combine methods like staking, farming, lending, donating to vaults, and more simultaneously, Liquid Staking offers BNB token holders a variety of alternatives when deciding how to earn in DeFi with their assets. By connecting dApps, wallets, and crypto games to the blockchains they require, Ankr works in the background to make using them possible. Ankr is comparable to the core utility service that runs all Web3 applications and dApps if you imagine them as city blocks.

Binance Labs Makes A Strategic Investment In Ankr

According to a press release, Ankr received a strategic investment from Binance Labs and the details regarding the entire amount invested are kept secret.

Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

Binance Labs Makes A Strategic Investment In Ankr

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