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Ankr token surges 60%, partners Microsoft for node service

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Ankr’s utility token ANKR surged by more than 60% after the San Francisco-based blockchain infrastructure startup announced on Tuesday a partnership with Microsoft to offer blockchain node hosting services for enterprises.

See related article: DeFi protocol Ankr to buy US$5 mln of BNB to cover funds lost in exploit

Fast facts

  • The price of Ankr rose to US$0.0538 from US$0.0333 in about an hour after the company announced its partnership with the tech giant. The cryptocurrency was trading at US$0.047 as of 11 a.m., Wednesday in Hong Kong, according to CoinMarketCap data
  • Ankr and Microsoft will launch what they described as an enterprise-level blockchain node service on Microsoft’s Azure software marketplace.
  • A node is a computing device that takes part in the verification and processing of transactions on blockchain networks. 

See related article: Microsoft mulls US$10 bln investment in ChatGPT’s OpenAI

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