This altcoin explodes more than 60% after new partnership with industry giant Microsoft

• The partnership between Ankr Network and Microsoft Corp is a testament to the fact that the crypto market is here to stay.
• The partnership between Ankr Network and Microsoft provides a fully managed node hosting solution.

The Web3 industry has shown tremendous potential to disrupt global markets, and veteran tech companies are pouring in money to ensure their future growth prospects. Microsoft Corp. and Ankr Network – a decentralized blockchain infrastructure provider that operates an array of globally distributed nodes – have inked a strategic partnership to provide high-performance blockchain connections to Web3 developers. 

Following the announcement, Ankr Network’s native token ANKR spiked as much as 60 percent to trade around $0.05243 on Wednesday. 

The partnership will see the integration of both companies’ tech infrastructure, including Microsoft Azure cloud solution. Thereby assuring low-latency blockchain connections for any Web3 project tapping on the Ankr Network.

Ankr 🤝 @Microsoft

We’ve partnered with Microsoft to support enterprises and organizations needing access to blockchain data with a reliable, easy-to-use node hosting service 🫡

Read more ⬇️https://t.co/XF8CG1grg5 pic.twitter.com/8tv5Mfz7FH

— Ankr (@ankr) February 21, 2023

According to Rashmi Misra, Microsoft General Manager AI and Emerging Technologies, the partnership between Microsoft and Ankr will help Web3 developers access scalable and secure data. His sentiment was reiterated by Chandler Song, Co-Founder, and CEO at Ankr Network, who indicated that the partnership is a throttle push on its mission to provide blockchain technology to enterprise investors globally. Song noted.

This was a critical step in bringing blockchain infrastructure to a growing sector of the digital economy. 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 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.

Bigger Picture of Ankr Network and Microsoft Corp

The partnership between Ankr Network and Microsoft Corp is a testament to the fact that the crypto market is here to stay. Despite the fall of several crypto-related companies in 2022 that resulted in a loss of over $100 billion, institutional investors are extremely bullish on the long-term success of the blockchain and the crypto industry. The announcement noted.

By combining Ankr’s solutions with Azure and Microsoft Marketplace, we have the chance to put forth an incredibly powerful industry solution that creates a stronger infrastructure layer for the space. It provides a new avenue to attract users and serve a massive amount of RPC traffic through our combined services.

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Notably, the partnership between Ankr Network and Microsoft provides a fully managed node hosting solution. Mind you, the node hosting solution comes complete with the choice of custom specifications for blockchain nodes for memory, bandwidth, and global location according to customer needs.

Similar partnerships are expected to occur in the coming years as blockchain companies tap into artificial intelligence (AI) technology provided by traditional tech corporations.

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