The Ankr Story: How We Started

This post was originally published on ankr

Franciska Kovacs

Oct 12 · 2 min read

Ankr started in 2017 with the idea of harnessing the cloud computing power left from idle data centers all over the world. The intention of our founders — Chandler Song, Stanley Wu and Ryan Fang — was to reallocate this power to feed a growing new digital economy. The distributed cloud computing model could give much-needed power to applications, bitcoin mining, node hosting, the Internet of Things (IoT), and more.

Ankr grew quickly and accumulated a global supply of computing power. This enabled us to provide services like node hosting, RPC access, and new decentralized staking solutions. The ANKR token was introduced as a payment method for services and governance and quickly became one of the top 20 traded tokens on Coinbase.

Shifting Focus: Web 3.0 Infrastructure & Crypto Solutions

As we were growing with the industry, it quickly became obvious that our value proposition goes way beyond the “decentralized Amazon Web Services”. Our global distributed network operates the most fundamental layer in blockchain technology, and we have the tools and knowledge to help anyone tap into it to start earning and building.

During the last three years, Ankr has built a completely unique niche for itself as the only platform that combines node infrastructure, staking, and DeFi to make developing and earning easy. We’ve launched 15,000 plus nodes and process over $1 billion in crypto transactions every month. But we don’t want this to come at the cost of centralization.

Ankr’s newest product line and updates will adapt Ankr to be more inclusive to allow anyone to participate in our network. Our community members will be able to “Anchor” their node to our network and earn ANKR tokens as an incentive, access a public RPC to develop applications and steer the future of Ankr via governance and voting.

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Ankr is shifting as a company to come back to our roots as a community-first provider of democratized services to help build Web 3.0. We are quickly becoming a utility in the blockchain space, and we want to ensure that we offer more ways our users can interface with technology affordably. In the next several weeks, we are going to make several major announcements that will start a new chapter in the Ankr story. Stay tuned!

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