In the current iteration, the Web relies on a handful of service providers such as AWS and Cloudflare. To make web3 truly decentralized, purpose-built infrastructure needs to be in place. ANKR sets out to be the backbone for the decentralized Web by operating in a distributed way and monetizing the channels and services. Like any web3 platform, ANKR exists in several deployments on popular blockchain networks: Ethereum, BNB Chain, Polygon, Avalanche, and Fantom.
The ANKR token acts as a means of exchange across ANKR's applications, as well as exists to provide monetary incentives to network validators. The block validators are rewarded in proportion to the computing power they contribute to the network.
ANKR apps are supposed to offer an alternative to the current renting via a pay-as-you-go subscription model. Although ANKR is supposed to scale to a considerable number of users worldwide, the ANKR token has a limited cap of 10 billion.