VANCOUVER, April 1st, 2021 - We are happy to announce that Ankr has entered into a strategic collaboration with Covalent, a Web3 data analytics company that provides a unified API for full transparency and visibility of assets across all blockchain networks
Covalent is currently the only solution that allows to fully index entire blockchains, extracting terabytes of data — and its API requires no coding on the users’ side. Ankr, on the other hand, provides some of the best-in-class infrastructure that can help Covalent to strengthen its distributed network.
With multi-chain flexibility and ‘Lego-like’ building blocks approach enabled by its API solution, Covalent allows building cryptocurrency wallets for all purposes, including multi-chain wallets. Ankr’s infrastructure, in turn, allows to scale such products and power them for public use.
Seed investment and joint use-cases
After Ankr’s investment in “Covalents funding round” which included Hashed, Coinbase, and Binance as well as many other industry heavyweights, it only makes sense to further deepen our relationship with this broad collaboration, bringing new use cases and nearing Web3 adoption as a result.
So, how will Ankr and Covalent strengthen each others ecosystems?
Infrastructure for Covalent Users
First of all, Ankr will provide infrastructure services to Covalent, specifically helping to bootstrap its distributed network. Additionally, Ankr will leverage its experience to provide easy and affordable nodes to the Covalent community in order to further decentralize Covalent’s node infrastructure and enable developers to analyze Covalent on-chain data.
Validator for Covalent Network
Ankr will run its own Covalent validator node for its investors to safely stake Covalent’s native token and earn staking rewards while contributing to strengthening the Covalent network.
And there will be more interesting collaborations for Ankr and Covalent community members and developers, which will be announced in the very near future, so please stay tuned!
About Ankr
Ankr is a Web3 infrastructure and cross-chain staking DeFi platform that aims to make it easy and affordable for anyone to participate in blockchain ecosystems by building dapps, hosting nodes or staking.
Ankr’s product line includes:
- One click solutions for staking nodes with rewards earning possibilities at https://app.ankr.com/.
- Easily build Web3 products with instant API access to major blockchain, DeFi and Layer2 protocols.
- Turnkey infrastructure solutions for blockchain native enterprises such as cryptocurrency exchanges, staking platforms, data analytics providers and more.
- Decentralized cross-chain staking with instant liquidity
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About Covalent
Covalent provides the industry-leading Unified API bringing visibility to billions of Web3 data points. Developers use Covalent to build exciting multi-chain applications like crypto wallets, NFT galleries, and investor dashboard tools utilizing data from 26+ blockchains. Covalent is trusted by a community of 15,000+ developers and powers data for 500+ applications including 0x, Zerion, Rainbow Wallet, Rotki, Bitski and many others.
