Blockchain technology firm, Ankr, has secured $2 million in a funding round led by investment firm 1kx, with participation from various investors including Maven11, Lattice Fund, CMT Digital, and Daedalus Angels. The funds will be used to expand the Ankr network, which enables users to earn rewards by sharing their idle computing power to support blockchain infrastructure.
Ankr’s platform provides a cost-efficient and environmentally friendly alternative to traditional cloud computing services. The distributed computing network can be used for various applications, including hosting websites or other decentralized services.
In a statement, Ankr co-founder and CEO, Chandler Song, said, “We thank our investors for their trust in the company and we’re excited to use this funding to further expand the network and democratize cloud computing worldwide.”
Ankr’s focus on sustainability and decentralization aligns with growing concerns about energy consumption and centralization in the tech industry. With this funding round, Ankr plans to continue disrupting the cloud computing space and promote more equitable access to computing resources.