Decentralized cross-chain staking platform Ankr has received a strategic investment from Binance Labs. The support of such a large strategic partner will help Ankr to attract more and more investors to participate in its network.
This cooperation partly comes from Ankr’s participation in the construction of the BNB Chain (ex-BSC) and the BNB Liquid Staking solution. As noted in the press, Ankr’s actions not only improve the overall performance of the ecosystem but also significantly optimize blockchain data storage and increase its performance by 100 times.
After the news announced, ANKR price quickly surged by nearly 50% in an hour. Such a bull run has boosted the capitalization of the project to $170 million and is currently valued at $526 million. It is difficult to predict a token price ceiling, as the investment size of Binance Labs has not been disclosed, but we could still see interesting price movements.
Binance Labs investments
Ankr becomes another project touched by Binance Labs, dubbed the “golden hand” in the investment world. Back in the early summer, Binance division raised a $500 million investment fund with the backing of the world’s top investors. The purpose of the fund is to invest in projects like Ankr, as a part of plan to expand the use of cryptocurrencies and encourage the adoption of Web3 technology and blockchain.
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