Ankr (ANKR) is a decentralized blockchain infrastructure provider that operates a global network of nodes across more than 50 Proof-of-Stake networks. This infrastructure is designed to foster the growth of the crypto economy and power a suite of multi-chain tools for Web3 users. Ankr provides a variety of services, including blockchain developer solutions and staking services, along with educational resources for blockchain users and developers. The ANKR token is the native utility token of the Ankr network, used for transactions, payments for services, and platform governance.

Ankr operates by providing a decentralized network of public RPC nodes that developers can use to access blockchain data and execute code. Users can stake their ANKR tokens to validator nodes, contributing to the network's security and receiving compensation in the process. Ankr also uses a reputation-based system to ensure the quality of the network and remove bad actors. The network employs a Native Oracle System (NOS) for transfer of data between on-chain smart contracts and off-chain data. Ankr's infrastructure aims to allow decentralized applications (DApps) and blockchains to run and communicate easily with the intention of enhancing the functionality and interoperability of the Web3 ecosystem.

Ankr's infrastructure has a wide range of potential use cases. It can be used by developers to build and deploy decentralized applications (DApps) on various blockchains, providing them with access to blockchain data and execution capabilities. Ankr's staking services provide users with an opportunity to receive compensation by staking their ANKR tokens. The platform also provides educational resources, making it a valuable tool for anyone looking to learn more about blockchain technology and its applications. Furthermore, the ANKR token can be used for transactions, payments for services, and platform governance, making it integral to the operation and management of the Ankr network.

Ankr was founded in 2017 by Chandler Song and Ryan Fang, both laureates of Forbes 30 Under 30, shortly after they graduated from the University of California, Berkeley. They were early participants in the Blockchain at Berkeley program. Chandler, who was working as an engineer at Amazon Web Services at the time, met Stanley Wu, the third co-founder, and together they embarked on a mission to build a decentralized and scalable Web3 infrastructure. Since its inception, Ankr has grown to operate a global network of nodes across more than 50 Proof-of-Stake networks, providing a suite of multi-chain tools for Web3 users and developers.