HomeNewsMicrosoft Partnership Sparks Excitement: Is This Altcoin a Potential 10x Investment Opportunity?...

Microsoft Partnership Sparks Excitement: Is This Altcoin a Potential 10x Investment Opportunity? Report

- Advertisement -
  • Ankr has launched its blockchain creation tool, AppChains, on Microsoft’s Azure Marketplace, thus broadening the scope of its ongoing partnership with Microsoft.
  • AppChains, according to Ankr, will empower businesses to expedite the launch of a dedicated, customized blockchain for various Web3 applications, with the first iteration enabling the deployment of the Polygon Supernet.

Deepening their partnership, Ankr, the decentralized blockchain infrastructure provider, made an announcement on June 8, showcasing the launch of its blockchain creator tool, ‘AppChains’, on Microsoft’s Azure Marketplace. The solution, AppChains, is poised to equip businesses with the capability to expediently roll out a dedicated, customized blockchain that can power a variety of Web3 strategies. Developers are offered the opportunity to deploy the Polygon Supernet in its initial version, with a wider range of options to be introduced subsequently.

AppChains has been operational for a year and has served to launch application-specific blockchains to fuel various decentralized applications. However, according to Ankr’s developers, a surge in demand from institutional clients for deploying AppChains in domains such as banking, central bank digital currencies, and gaming has been observed. Ankr elaborates that by making the AppChain solution accessible on Microsoft’s Azure Marketplace, businesses are offered a straightforward avenue to find an endorsed solution and introduce use cases such as the above-mentioned ones into the market.

- Advertisement -

AppChains promise rapid, cost-effective transactions, frictionless user experiences, regulatory compliance, and holistic engineering.

Peter Stewart, the Head of Infrastructure at Ankr, expressed the company’s commitment to continue enhancing the tool, guided by user feedback and performance indicators, under Microsoft’s supervision. On a similar note, Daniel An, the Director of Web3 and Artificial Intelligence Business Development at Microsoft, posited that collaborating with Ankr is a crucial move towards “testing, deploying, and scaling Web3 projects seamlessly.”

It was previously reported by Cointelegraph on February 21 that a partnership between Ankr and Microsoft resulted in the provision of enterprise node hosting services on the Azure Marketplace. This service conveys transactions, deploys smart contracts, and can read or write blockchain data, consequently saving developers time that would have otherwise been spent on scaling their applications. Presently, connections to over 30 blockchains are powered by Ankr’s Web3 developer hub and software development kits.

- Advertisement -

It stands as the approved infrastructure partner for developing on the BNB Chain, Polygon, and Avalanche ecosystems.

- Advertisement -
ETHNews does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. ETHNews is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.
Brian Johnson
Brian Johnson
A dedicated Bitcoin journalist passionate about uncovering the latest trends, developments, and innovations in the world of cryptocurrency, while delivering engaging and well-researched articles to inform and educate readers on the dynamic digital finance landscape.
- Advertisment -spot_img