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!
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
Covalent leverages big-data technologies to create meaning from hundreds of billions of data points, delivering actionable insights to investors and allowing developers to allocate resources to higher-utility goals within their organization. Instead of pain-stakingly sourcing data from a small handful of chains, Covalent aggregates information from across dozens of sources including nodes, chains and data feeds. The Covalent API then sources end users with individualized data by wallet, including current and historical investment performance across all types of digital assets. Most importantly, Covalent returns this data in a rapid and consistent manner, incorporating all relevant data within one API interface.