Recently, the Ankr platform announced its collaboration with the American computer giant Microsoft.
The startup focused on blockchain infrastructure services will deploy its node services to enterprises through the Azure platform. This announcement had the effect of a bomb for its cryptocurrency (ANKR), the price of which soared in just a few minutes.
Ankr platform services soon on Microsoft
The Ankr platform, specialized in Web3 solutions for developers and companies, has just announced its new partnership with the international firm Microsoft. Thanks to this commercial merger, it will offer companies access to information stored in blockchains through a node hosting service.
At the end of this joint work, these different services will be accessible via Microsoft’s Azure platform. Specialized in cloud computing solutions, it will offer millions of users a gateway to blockchain infrastructures in order to:
- Deploy blockchain nodes with customizable features;
- Optimize data searches reliably and quickly across 12 blockchains;
- Track blockchain performance anytime, anywhere on over 38 blockchains.
According to the CEO of Ankr, Chandler Song, this partnership makes it possible to combine Microsoft’s expertise in cloud computing to that of Ankr focused on blockchain infrastructure services. In his words, this deal would be as prolific for large corporations as it is for Web3 projects under construction:
“The partnership, while an incredible milestone for Ankr, is also a key indicator of how far the decentralized web has come in integrating with crucial players at every layer of web-related systems. The end result will be an era of extremely prolific development for blockchain-based applications, from both new Web3 projects and large companies entering the universe. »
The ANKR token takes off
The moment Ankr announced its collaboration with Microsoft, the price of its token exploded upwards. In about fifteen minutes, it went from $0.033 to $0.049, an increase of 48%. Since then, its price has stagnated between $0.045 and $0.050:
Figure 1 – Ankr Network (ANKR) token price over the past 24 hours
While the cryptocurrency market recently returned to its previous level a month ago, the FTX affair, the ANKR token has just reached its highest price since August 2022. This sudden increase is explained by the gain in visibility obtained by the startup following its announcement.
For Ankr, the signing of an agreement with one of the most powerful economic players in the world serves as a pledge of confidence to promote its activities internationally, thus promoting its development for the coming years.
Microsoft has been increasing its operations in connection with the Web3 for several years to modernize its services and maintain its dominant position in the IT sector. As early as 2015, the American company approached ConsenSys in order to deploy a test environment for blockchain projects.
Microsoft is in the list of our best stocks to invest in.