An Overview of the StormGain Cryptocurrency Platform 15695

StormGain

The major players have already successfully cemented their positions in the cryptocurrency market. As a consequence, new platforms appear much less frequently than they did five years ago. And this is precisely why much more attention is now paid to new entrants to the market. One of the newest and most up-and-coming players in the cryptocurrency market is StormGain. Today, we are going to take a closer look at this platform’s features.

An introduction to the StormGain cryptocurrency platform

StormGain started operations in 2019. The target market for this cryptocurrency platform consists of both beginners and experienced cryptotraders – cryptocurrency enthusiasts who need to be able to quickly and efficiently convert their digital money. Among these, there are also cryptocurrency investors looking to earn a stable income.

StormGain users are able to choose from a large selection of trading instruments. These include both in-demand crypto instruments, such as Bitcoin, Ethereum and the like, as well as less popular options like Tron, Bitcoin Gold, etc.

Even though the platform is relatively new to the market, it has already made a good reputation for itself. The traders who use it often compare it to services like Kraken and Huobi Binance. In addition, StormGain is also the official sponsor of one of the English Premier League’s leading clubs – Newcastle United, which is a significant factor for earning the trust of users and potential clients.

Registration

The registration process has been made as simple as possible when compared to many other platforms. To register, all you need is an email address and phone number. The user then enters any other necessary details via their personal account.

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The registration process is similar to those of other cryptocurrency providers:

  1. First you go to the “Registration” tab.
  2. Then, you enter your personal information (email address, phone number and password) and agree to the Terms of Use.
  3. Finally, you must confirm the email address you provided at registration (required for the deposit/withdrawal of funds).

Once you’ve done that, you will then be able to use all the features of the cryptocurrency platform.

Deposit and withdrawal of funds

As already mentioned, the platform only supports cryptocurrencies, which facilitates easy wallet deposits and withdrawals.

If you have used other wallets to store cryptocurrency in the past and still have coins left in them, all you need to do is perform a simple inter-wallet transfer to fund your StormGain account with any of the cryptocurrencies supported by the platform. It’s worth noting that the main cryptocurrency used on this platform is Tether. This means that all payments will be carried out using this currency.

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StormGain charges no commission on deposits made in cryptocurrency. That said, there are minimum deposit amounts in place (for example, for Tether this is 50 USDT and for Bitcoin it is 0.005 BTC).

The second option for depositing funds to your wallet involves the use of third-party services enabling the exchange of fiat money for cryptocurrencies. To use this method, you’ll need a StormGain wallet address.

The developers of the StormGain platform took great care to make it as easy as possible to add funds to your account and have even provided the option of depositing funds directly to your wallet via your debit/credit card. To do this, all you need to do is select the desired cryptocurrency and the corresponding payment method from the list. However, you should be aware of the following restrictions:

  • the maximum deposit amount is USD $20,000;
  • a commission of 5% of the deposit amount (but not less than USD $10) will be charged.

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Although StormGain charges a debit/credit card deposit fee, this method eliminates the need to use third-party services. All transactions take place within the StormGain trading platform and are conducted automatically over encrypted connections. As a result, transaction speeds are much faster and your funds are much better protected.

Withdrawals are also processed very quickly. If you are going to withdraw funds to a cryptocurrency wallet, then all you have to do is select the cryptocurrency you need and enter the wallet address. Commission on crypto transactions is fixed at 0.1%, regardless of the currency you are withdrawing.

Trading

StormGain offers much higher leverage than most other platforms. This is one of the key advantages StormGain has over other trading platforms and we will talk more about it in this section.

StormGain offers trading in all the most popular cryptocurrencies, including Bitcoin, Tether, IOTA, Bitcoin Cash, Monero and many more besides. In total, around 30 cryptocurrencies are available to trade on the platform, which is enough to satisfy the needs of the majority of cryptocurrency users.

Cryptomarket analysis tools

The platform provides more than 40 indicators to assist with technical analysis. These include ready-made graphic patterns and profit/risk calculators.

Particular attention should be paid to the traders’ sentiment indicator, as it has a great influence on any strategy modifications. This gives StormGain a huge advantage over other cryptocurrency platforms since the provision of such an indicator is rare. It helps users identify the prevailing trend and make decisions about future trading operations.

Order types

StormGain offers four main types of orders. The first is the Market Order, which is the default option and corresponds to real-time trades. The second type is known as a Limit Order. It involves buying or selling assets when their price reaches a certain level. In addition to these, StormGain also supports Stop Loss and Take Profit orders, which are used respectively to limit losses or lock in profits before its too late.

Multiplier

The multiplier is one of the StormGain trading platform’s core selling points. It is no secret that many platforms allow cryptotraders to risk more funds than they have available on their account.  For the purposes of comparison, the world-famous cryptocurrency platform Binance allows users to trade with leverage of 1:5. The same amount of leverage is also available on Huobi. Meanwhile, a platform as popular as Cex.io only allows leveraged trading up to 1:3. StormGain, on the other hand, offers multipliers up to 1:200. This is much higher than the amount offered by other platforms.

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This multiplier allows you to benefit more from less intense price movement, even if your starting capital is very small. Nonetheless, it is worth remembering that using a multiplier also increases your risk when trading.

Platform features

StormGain provides a lot of bonuses and special features for its users. It was precisely these bonuses and features that enabled the platform to quickly gain in popularity and build trust among cryptocurrency traders.

Extended loyalty programme

The StormGain platform provides its users with some of the best trading terms around. The company offers several different loyalty levels, each with its own unique set of bonuses.

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As you can see, your individual account type can greatly improve the terms you receive as a trader on the platform. The higher your account status, the more bonuses you will be eligible for. These might include, for example, an increased bonus for account deposits or a discount on trading commission.

How to qualify for a given status

Each user is automatically assigned a certain status depending on their account balance or monthly trading volume. In other words, the more active you are, the higher your status. Likewise, if your activity drops over the course of a given month, your status will also drop.

Mobile trading

StormGain has its very own trading platform, which is also available for Android and iOS. This means that you can always keep abreast of any developments on the cryptocurrency market and carry out transactions from almost any device, anywhere. As the cryptocurrency market is open for trading 24/7 (including weekends and public holidays), this allows users to quickly respond to market events as and when they take place.

Training

The platform provides plenty of great opportunities to help you prepare for your first real trade. If you take look in your account, you will find video tutorials that deal with everything from the ins and outs of trading with StormGain to basic trading skills. These lessons will be very useful both for newbies at the beginning of their cryptotrading journeys and experienced traders looking to refresh their knowledge.

What’s more, the StormGain trading platform also allows users to practice making trades on a free demo account. The demo account gives everyone the opportunity to try their hand at trading without the need to risk their own funds.

It’s important to note that the demo account is available for use at any time. Therefore, even if you are already well-versed in trading, you can always switch from your real account to a demo account in order to test out new strategies.

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Security

Security has always been a very important element of any online service. But when it’s also client funds and not just user data that is at stake, then any platform for trading cryptocurrency must provide the highest level of protection. What kind of protection is offered by StormGain?

First off, it provides the ability to create a “cold wallet”. This is one of the unique features of the StormGain trading platform. On most platforms which deal with a large number of different cryptocurrencies, there are no “cold wallets”. This type of wallet exists offline and is immune from any malicious intruders.

The second key feature is the ability to activate two-factor authentication using Google Authenticator. The StormGain team strongly recommends connecting 2FA so that your account is protected even in case of the loss of login data.

The StormGain platform is trusted by users worldwide. The partnership with Newcastle United football club plays an important role in this. In addition, the platform is a member of the Blockchain Association which itself operates under under the auspices of the Financial Commission.

Support

The level of customer support can make a platform the best in the world or make its users hate it. For cryptocurrency platforms, the customer service element is no less important than that of making the service secure.

StormGain offers customer support via:

  • online chat;
  • Telegram;
  • e-mail;
  • telephone.

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In other words, all the ways of communication with the project team have been thought out. Depending on your problem and preferences, you can choose any method and quickly find a solution.

Conclusion

The StormGain cryptocurrency platform is a fairly young project. Nevertheless, in just over a year and a half of its existence, it has been able to earn the trust of its users and demonstrate excellent quality of services.

One of the platform’s “disadvantages” is that the minimum deposit amount is quite high. But given the extensive functionality, the presence of a loyalty and training program, the high level of security and other positive aspects offered by the StormGain trading platform, it can be argued that this platform has high potential. StormGain directly competed with the established leaders in the cryptocurrency trading platform market and is a great choice for both beginners and experienced traders.

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0G Launches Newton Testnet of Ultra-Scalable Modular AI Blockchain 12408

0G Labs is pleased to unveil the launch of the testnet for 0G, the modular ultra-high data throughput blockchain optimized for on-chain AI. The network is now available for node operators, developers and the community to join and provide feedback for an upcoming mainnet launch in Q3 2024.

0G, or ZeroGravity, is a modular blockchain that aims to alleviate the major pain points of using blockchain for AI, where data and execution requirements outweigh the current market offering by several orders of magnitude. The modular architecture enables 0G to offer a lean and performant network, unencumbered by legacy consensus algorithms, unrelated use cases sharing the same block space, as well as on-demand scaling.

Demand for on-chain AI is growing due to its promise of offering reliable and credibly neutral training and execution of neural networks. According to a report by KPMG, the vast majority of global corporate executives see AI as one of the fundamental technology breakthroughs that will impact their business in the near future. However, adoption risks abound — including potential intellectual property issues, personal data sharing, lack of regulatory frameworks and biases in generative AI models.

Via immutable and verifiable storage and execution environments, blockchains offer a promising solution to address the many challenges of AI. By making AI workflow decentralized, it democratizes the technology and makes it accessible to more people and organizations. By distributing data across multiple nodes rather than centralizing it in a single location, decentralized AI can help protect sensitive information from hacks and breaches. It also enables fair distribution of rewards to the contributors in the entire workflow, e.g., to data, model, and computation power providers, respectively. The distributed ledger and cryptographic technologies can further give more transparent ways to track the AI generated data to help people distinguish between the authentic original data and deepfakes. In addition, blockchains can help achieve a balanced approach to manual interventions in the models’ results, which sometimes can miss the mark.

Existing infrastructure solutions are still insufficient for massive on-chain AI adoption, which is why 0G is building the next-generation blockchain infrastructure for AI. With benchmarks of over 50 Gpbs data throughput, compared to existing rates of 1.5 Mbps on Ethereum-based scaling solutions, 0G offers an incredible improvement in its baseline form, while the modular architecture promises potentially infinite scalability down the line.

“The public launch of our testnet marks the first stage of bringing AI on-chain, which will combine two of the most exciting technologies that emerged in the past decade,” said Michael Heinrich, CEO of 0G Labs. “Our team has worked diligently over the past months to deliver our vision of the ultra-scalable modular blockchain, and we’re really excited to see the feedback from the community of users and developers.”

The 0G testnet launch comes shortly after 0G Labs closed its $35M pre-seed round, which was originally intended to collect $5M to bring an MVP of the idea to market. The round, led by Hack VC, saw participation from many influential investors primarily in the Web3 space, including Bankless, Polygon, Delphi Digital, TRGC, Dao5, Symbolic, BlockChain Builders Fund, Dispersion, Daedalus, Gumi Cryptos and many more venture funds and angel investors.

About 0G

0G, or ZeroGravity, is a leading Web3 infrastructure provider that is building the leading modular AI blockchain creating solutions to implement on-chain AI applications in the Web3 ecosystem. The platform achieves high data availability through its unique architecture separating data storage and data publishing. By ensuring throughputs of 50 GB/second, a full 50,000x faster than competitors, and a cost that is 100x lower, 0G has positioned itself as a leader in bringing high data use cases, such as scalable L2s and modular AI, into the Web3 ecosystem.

TRALA LAB Commits to zkSync to Revolutionize and Advance Global Gaming Industry 12378

TRALA LAB aims to leverage zkSync to accelerate new gaming era for millions of players

TRALA LAB has announced a strategic commitment to build on zkSync, a cutting-edge zero-knowledge (ZK) technology. TRALA LAB is a subsidiary of Joycity that has gained significant popularity in the global gaming market with blockbuster releases such as ‘Gunship Battle’ and ‘Freestyle’.

TRALA LAB has also entered into a collaboration with Matter Labs. Through the collaboration, TRALA LAB intends to leverage its comprehensive technical expertise and development support to publish a diverse range of AAA games on zkSync. Furthermore, the strategic collaboration between TRALA LAB and Matter Labs marks a significant step towards driving innovation and addressing key challenges in the global gaming market.

TRALA LAB is dedicated to revolutionizing the gaming landscape by addressing critical issues such as the lack of quality game content. With a focus on building long-term sustainable gaming platforms, TRALA LAB is set to onboard a range of AAA global game IPs, including highly successful titles like the Gunship Battle mobile game and the online sports game Freestyle, which recorded cumulative downloads of 150 million and 160 million respectively, across the world.

TRALA LAB aims to set new standards for quality game content while leveraging its established global marketing channels spanning 249 countries to introduce a new wave to the world stage. In addition to onboarding TRALA LAB’s games into the zkSync ecosystem, the strategic collaboration will involve collaborative efforts on the launch of TRALA’s gaming platform, utilizing the ZK Stack.

Rich Kim, Head of Web3 Entertainment and Media at Matter Labs, stated, “Joycity already has a proven record of being a successful global gaming company and owns numerous successful IPs. We are excited to see a variety of AAA games enter the zkSync ecosystem through TRALA in the future, and we also look forward to stimulating zkSync’s gaming ecosystem.”

TRALA LAB BD director Ivan Chung stated, “This collaboration with Matter Labs marks the first step in pioneering new avenues in the global gaming market, and we have high expectations for the synergy between TRALA LAB and Matter Labs. We are very pleased and excited to be able to contribute to the zkSync ecosystem through our games. Please keep an eye on us.”
About Trala

Trala Lab is an all-in-one blockchain gaming platform that aims to revolutionize the game industry by creating a simple and fun gaming experience. It provides an immersive and engaging environment for users to play, compete and interact with one another.

NobleBlocks: A New Approach to Scientific Publishing Through Decentralized Science (DeSci) 12125

NobleBlocks introduces a fresh perspective to scientific publishing with its blockchain-based platform, emphasizing Decentralized Science (DeSci). Striving for gradual and meaningful change, NobleBlocks offers an innovative solution to several longstanding challenges in scientific publishing, including inefficiencies, biases, and limited access to scientific research.

Addressing Scientific Publishing Challenges with Modesty and Innovation

Recognizing the intricate dynamics of scientific publishing, NobleBlocks introduces a thoughtful approach to enhancing accessibility and fairness in the dissemination of scientific knowledge. This is achieved through:

  • Decentralizing Scientific Publishing: Creating a more inclusive platform for researchers from diverse backgrounds to publish their work.
  • Efficient Peer-to-Peer Review Process: Streamlining the review process to ensure timely and objective evaluations of scholarly work.
  • Immutable Publication Records: Leveraging blockchain technology to maintain a permanent and unalterable record of publications.
  • Reduced Costs for Researchers: Lowering the financial barriers to publication, making it more accessible to a wider range of scientists.

Empowering the Scientific Community

NobleBlocks is more than a publishing platform; it is a network that fosters collaboration and social interaction among its users:

  • Social Peer Review Networking: Facilitating connections and discussions among peers to enhance the review process.
  • Collaboration-Focused Platform: Encouraging partnerships and collaborative efforts across various scientific disciplines.
  • Tokenized Rewards System: Recognizing and rewarding the contributions of reviewers and editors, fostering a community-driven approach.

A Multidisciplinary and Integrated Future

Embracing various fields, NobleBlocks encourages submissions from an array of disciplines, promoting a multidisciplinary approach to research. The integration of Web3 technology highlights the platform’s commitment to data ownership and user privacy, aligning with modern digital trends.

Future Prospects: AI Integration

NobleBlocks plans to incorporate AI to assist in managing the publication process more efficiently, further enhancing the platform’s capabilities.

Navigating New Paths in Scientific Publishing

While acknowledging the inherent challenges and risks associated with introducing new technologies, NobleBlocks is dedicated to navigating these challenges with a focus on responsible innovation and sustainability within the scientific publishing sector.

A Call to Join a Growing Scientific Network

NobleBlocks warmly invites researchers, academics, and innovators to participate in this evolving journey. Together, we aim to foster a more connected, accessible, and fair scientific publishing environment.

For more information about NobleBlocks and to join our network, please visit https://www.nobleblocks.com.

Introducing BounceBit Testnet Phase 2: App Store 11969

Following the success of BounceBit Testnet: BounceClub East-to-West Event launched on March 8, 2024, BounceBit announces the rollout of BounceBit Testnet Phase 2: App Store.

While the previously launched Testnet BounceClub Event will operate as usual without any changes, BounceBit Testnet Phase 2 highlights BounceBit App Store’s features and encourages developers to deploy on the BounceBit Testnet by submitting their decentralized applications (DApps) to the BounceBit App Store through GitHub pull request.

BounceBit Testnet Phase 2 mirrors the mainnet environment, offering developers, validators, full node operators, delegators, and users an early preview of the BounceBit Mainnet. This phase welcomes everyone to interact with the BounceBit PoS staking chain and the BounceClub ecosystem.

Here’s what you can expect from BounceBit Testnet Phase 2:

Deploy on BounceBit testnet

BounceBit Testnet Phase 2 offers developers the chance to get an early experience of deploying on the BounceBit chain by submitting their DApps to be listed on the BounceBit App Store. The BounceBit App Store features both in-house DApps and those built by community developers or external projects. To have your DApp listed on the BounceBit App Store, submit a pull request on BounceBit’s GitHub repository. The BounceBit team will then review and, if approved, list your DApp on the BounceBit App Store. DApps that are listed during Testnet Phase 2 will receive priority consideration for being listed on the BounceBit Mainnet App Store based on their performance.

For more details on the onboarding process, please refer to BounceBit’s official guide.

Stress-testing DApps

BounceClub owners and users are invited to participate in testing all DApps that are listed on the BounceBit Testnet App Store. BounceClub owners can select and add DApps to their BounceClubs, while BounceClub users can interact with the DApps when exploring different BounceClubs.

The BounceClub community plays a crucial role in evaluating the listed DApps’ performance and security, identifying vulnerabilities that need to be addressed. This Testnet Phase 2 contributes to the resilience and reliability of the BounceBit ecosystem, striving to maintain a smooth and secure environment for all BounceBit users.

Onboarding more validators

The BounceBit Testnet has kicked off with its first set of node operators during the BounceClub East-to-West Event. Currently, there are 24 active validators participating, with a combined staking amount totaling over 1000 $BBTC and over 283 million $BB.

For Testnet Phase 2, BounceBit aims to broaden the network by inviting more validators to participate. New validators will be guided through the onboarding process for Phase 2 via Discord.

Testing BounceBit’s tokenomics

BounceBit Testnet Phase 2 will continue the rigorous testing of BounceBit’s tokenomics, including token generation events (TGE), inflation rates, vesting schedules, gas fees, block sizes, and the validator slashing mechanism. Additionally, the BounceBit native LSD module’s performance will be observed continually.

About BounceBit

BounceBit is building a BTC restaking infrastructure that provides a foundational layer for different restaking products, secured by the regulated custody of Mainnet Digital and Ceffu. The BounceBit chain, designed as a showcase of a restaking product within the BounceBit ecosystem, is a PoS Layer 1 secured by validators staking both BTC and BounceBit’s native token – A dual-token system leveraging native Bitcoin’s security with full EVM compatibility. Critical ecosystem infrastructure like bridges and oracles are secured by restaked BTC. Through an innovative CeDeFi framework, BounceBit empowers BTC holders to earn yield across multiple networks.

zbyte’s SDK Launch: Igniting a New Era in Web3 Growth and Mass Adoption for Creators 11944

zbyte, the trailblazing Web3 infrastructure platform, announces the launch of its groundbreaking SDK, setting a new standard in the ease of blockchain development and accelerating the growth of Web3 ecosystems. This SDK launch is a pivotal step in zbyte’s mission to democratize blockchain technology, making it accessible and practical for creators, entrepreneurs, and developers across the globe.

Empowering Creators with Revolutionary Tools: The zbyte SDK is designed to remove the complexities traditionally associated with blockchain development. With zbyte’s innovative approach, wallet creation becomes effortless and seed phrase-free, seamlessly integrated into any existing web or mobile app with just a few lines of code. But that’s just the beginning. zbyte’s SDK empowers developers to deploy and invoke smart contract functions directly from within their web applications, all while managing gas payments seamlessly in dPLat. zbyte’s advanced gas manager ensures transactions are paid for correctly, significantly improving the success rate on blockchain and reducing errors and incomplete transactions. This launch represents a major leap forward in enabling a more inclusive and dynamic Web3 space.

The Power of the DPLAT Token: Central to zbyte’s ecosystem is the DPLAT token, The SDK will play a pivotal role in value accrual to the token.

Co-Founder Saurabh Radhakrishnan on the SDK Launch: “At zbyte, we recognize the complexities developers face with Web2 and blockchain technology, from intricate infrastructures to the decentralized nature and security demands of blockchain. To tackle these hurdles, we’ve crafted an integrated platform that simplifies the development process. Our low-code/no-code environment and intuitive tools allow developers to quickly create blockchain applications, while our SDK ensures a smooth transition from prototype to production, providing the necessary APIs and tools to scale and enhance their projects. The multichain capabilities of dPlat currently encompass Polygon and Avalanche, with support for additional blockchain networks on the horizon. This dual integration provides developers with a robust foundation for building their applications, offering compatibility with two prominent blockchain ecosystems and our roadmap includes plans to expand compatibility for a multitude of other blockchain networks. We aim to make blockchain development straightforward, enabling developers to realize their innovative visions with ease and confidence.”

The SDK-propelled ecosystem is already growing: There are developers, creators, and even companies building on zbyte’s decentralized platform. Over a dozen dApps are set to go live and promising entities like IDLink, The F* Word, and UGCVerse have launched their businesses leveraging zbyte’s infrastructure with many more in the pipeline.

ID Link’s partnership with zbyte is transforming luxury fashion by introducing a product passport that offers detailed insights into the lifecycle of each item, fostering transparency and consumer involvement in sustainable practices. Dea Baker, co-founder of ID Link, emphasizes this collaboration as a paradigm shift, letting customers make informed choices and actively engage in the circular fashion movement with zbyte’s innovative technology.

UGCVerses’s is redefining digital engagement, creating a dynamic space where virtual items evolve into real-world interactions, reshaping brand relationships with the digital generation. Lian Pham of UGCverse says “Our vision is a journey beyond mere transactions, focusing on meaningful connections that resonate with a new generation”. We are thrilled that it is powered by zbyte’s innovative technology to bring virtual and real experiences together.”

The creators are coming: zbyte is revolutionizing the transition from Web2 to Web3, serving as the ‘easy button’ for all creators, including authors, designers, artists, musicians, and developers. With a strong pipeline of 25 entities and many upcoming dApps, zbyte is set to significantly help the diverse community of creators, streamlining their journey into the Web3 space.

Rosmon Sidhik, CTO & co-founder of The F* Word, emphasizes the synergy between fashion designers and tech developers facilitated by zbyte: “Our partnership with zbyte has been instrumental in bridging the creative and technological worlds, providing an intuitive platform for fashion designers and developers alike.”

About zbyte

zbyte is a premium AI-enabled, Web3 infrastructure platform driving the acceleration of Web3 adoption by providing an easy-to-use dApp creation platform that supports multiple public blockchains. Existing skillsets can fuel a dApp economy by leveraging Web2-friendly programming languages, systems, and user experiences. The increased proliferation of dApps will attract more end-users and blockchain transactions, increasing the scale and adoption of blockchain-enabled applications.

zbyte offers an array of features and functionality to enable seamless adoption of Web3 such as an API-first approach, multiple Layer1 blockchain support, connectors to Web2 systems, usage of dapps without gas fees, portability of digital assets across chains, inbuilt ZKP-based privacy, and more all in one package. Aggregating point solutions in the Web3 industry into one platform enables dapp adoption, leading to more blockchain transactions and developer migration from Web2 at scale.

Ankr Bolsters Web3 with Expansion of DePIN Network and Introduction of New Partners 11953

In a landmark move for the blockchain industry, Ankr, a pioneer in the development of Decentralized Physical Infrastructure Networks (DePIN), is thrilled to announce an ambitious expansion of its network through strategic partnerships with leading Ultra Sound Infrastructure providers. This expansion is set to redefine the standards of a decentralized Web3, reinforcing Ankr’s position at the forefront of leveraging idle cloud computing resources to support blockchain ecosystems.

Since its inception in 2017, Ankr has distinguished itself as the first DePIN in the blockchain space, utilizing its innovative approach to democratize the internet and pave the way for a more resilient and efficient Web3 infrastructure. Today, Ankr’s commitment to enhancing performance and decentralization through its network brings forth a suite of benefits, including increased node availability, access to high-performance archive nodes, and extended geographic coverage to address gaps in node resources.

“As pioneers in the DePIN landscape, we’re excited to expand the availability of high-performance decentralized nodes through our Ultra Sound Infrastructure network. Looking ahead, we will continue to develop a cohesive DePIN experience for all network participants,” said Stanley Wu, Co-founder and CTO of Ankr.

The addition of seven new providers, including IoTex, Gateway, Storj, Clover, Tencent Cloud, Mind Heart Soul, and Ankr Labs, marks a significant leap forward in the decentralization of Ankr’s network. This expansion not only strengthens the infrastructure but also broadens support for on-chain AI and a variety of other innovative use cases, demonstrating Ankr’s dedication to meeting the evolving needs of the blockchain community.

“At IoTeX, our mission is to build a modular ecosystem where projects can easily develop DePIN initiatives. This partnership with ANKR will open up a new set of tools for DePIN builders. By enabling both IoTeX and ANKR’s infrastructure to be readily available for any project, we are positive that many new DePIN projects will come to the surface given the easiness and efficiency that these partnership tools bring to the table.” said Qevan Quo, CTO of IoTex.

Ankr’s DePIN is instrumental in serving the vast and growing needs of the Web3 ecosystem, facilitating seamless interactions between decentralized applications (dApps), developers, and enterprises across various blockchains. Through its robust network of nodes, Ankr ensures reliable performance for transactions, wallet balance queries, and smart contract executions via RPC (Remote Procedure Call) requests, with enhanced core RPC services thanks to partnerships with major cloud providers like Tencent Cloud.

This expansion guarantees amplified performance for Ankr’s RPC service customers, offering:

  • Increased accessibility of nodes to serve RPC traffic
  • Utilization of high-performance archive nodes
  • Filling geographic gaps in node resources for broader coverage
  • Unmatched speed, reliability, and efficiency across the network

Moreover, Ankr’s infrastructure plays a pivotal role in supporting on-chain AI by providing high-performance computing, data availability and integrity, and ensuring decentralization and privacy. This facilitates AI applications in predictive analytics, automated decision-making, and natural language processing directly on the blockchain. Beyond AI, Ankr’s global node infrastructure supports a wide range of use cases, from Decentralized Finance (DeFi) and Non-Fungible Tokens (NFTs) to gaming, metaverse experiences, and Decentralized Autonomous Organizations (DAOs).

The ANKR token, integral to the Ultra Sound Infrastructure program, sees expanded utility as the exclusive payment method for accessing the highest tier of infrastructure, including archive nodes. This enhancement solidifies the ANKR token’s critical role in Web3 operations, acting as a “gas” payment for multi-chain infrastructure and providing a gateway to the highest-quality Web3 infrastructure.

With these strategic partnerships, Ankr embarks on the next phase of its global infrastructure expansion, aiming to further decentralize the web and make high-quality, distributed network resources universally accessible. This initiative not only extends Ankr’s reach but also calls upon stakeholders across the web3 space to contribute to building a decentralized, secure, and efficient digital future.

Ankr is committed to continuous growth and laying the groundwork for the sustainable development of a decentralized internet. With the introduction of new DePIN partners, Ankr looks forward to expanding its high-quality distributed network and invites those interested in joining this revolutionary journey.

About Ankr

Ankr is an all-in-one Web3 developer hub that provides a full suite of tools to build Web3 apps and power them with high-performance connections to 46+ blockchains, leveraging idle cloud computing resources globally. As the approved infrastructure partner for building dedicated L2 rollups and sidechains on ecosystems like Optimism, zkSync, BNB Smart Chain, Polygon, and Avalanche, Ankr simplifies blockchain development for all use cases. Ankr creates new blockchains for projects while satisfying every requirement for infrastructure and engineering, such as validators, RPC nodes, block explorers, testnets, staking platforms, and more, for completely custom blockchain solutions.