Deutsche Telekom MMS, a subsidiary of one of Europe’s largest telecommunications companies, Deutsche Telekom, has joined the Injective blockchain as a validator.

The move strengthens the telecom giant’s presence in the blockchain space and highlights the increasing institutional adoption of Web3 technologies.

According to Injective’s February 27 blog post, Deutsche Telekom MMS will validate transactions, propose blocks, and participate in onchain governance to enhance the network’s security and decentralization.

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Strengthening Blockchain Security and Governance

Eric Chen, CEO of Injective, welcomed Deutsche Telekom’s participation, emphasizing its significance in driving mainstream blockchain adoption.

“This is yet another example of Web3 becoming more institutional and fully integrated into a society that understands the reliability and security that decentralized blockchain offers, especially in financial matters,” Chen stated.

Oliver Nyderle, head of Web3 infrastructure at Deutsche Telekom MMS, echoed similar sentiments, stating that the company aims to “foster true decentralization” and use its infrastructure to strengthen Injective’s security.

As a validator, Deutsche Telekom MMS will stake INJ tokens, helping to validate transactions, ensure crosschain interoperability, and vote on governance proposals.

The subsidiary becomes Injective’s 60th validator, joining a group that includes Binance Staking and Kraken, according to Mintscan’s blockchain explorer data.

Deutsche Telekom operates broadband and mobile networks in over 50 countries through subsidiaries like T-Mobile and serves 252 million mobile customers worldwide.

With a market cap of approximately $178 billion, the company has steadily expanded into blockchain infrastructure through Deutsche Telekom MMS.

Originally founded in 1995 for TV software development, Deutsche Telekom MMS has since evolved into a broader IT and blockchain services provider. It has been increasingly active in the crypto sector, becoming a validator for Polygon in June 2023 and Celo in June 2021.

The subsidiary also began operating a Bitcoin node in 2023 and ventured into Bitcoin mining in November, utilizing surplus renewable energy.

Deutsche Telekom is not alone in entering the blockchain validator space. Other major firms have followed suit, with Google Cloud becoming the central validator for the Cronos blockchain in November 2023.

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Injective Continues to Expand Presence in Web3

Injective, an interoperable layer-1 blockchain, continues expanding its presence in Web3, backed by Binance and investors like Jump Crypto, Pantera, and Mark Cuban.

The network has facilitated over 1 billion onchain transactions and is among the top L1 protocols in terms of value. As of now, Injective’s total value locked (TVL) stands at $39.48 million, with a 24-hour trading volume of $4.18 million, according to DeFiLlama.

Meanwhile, Deutsche Telekom, a telecom giant with over 252 million mobile customers and €112 billion in revenue for 2023, is deepening its blockchain involvement.

The company became a validator for the privacy-focused Aleph Zero blockchain in November 2023 and has hosted over €60 million in assets from major blockchain projects like Chainlink, Ethereum, and Polkadot.

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Key Takeaways

  • Deutsche Telekom MMS has joined Injective as a validator, strengthening its role in blockchain security and governance.
  • The telecom giant continues expanding its Web3 presence, previously validating for Polygon, Celo, and Aleph Zero.
  • Injective remains a leading layer-1 blockchain, processing over 1 billion transactions with backing from major investors like Binance and Jump Crypto.

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Ruholamin Haqshanas
Ruholamin Haqshanas
Crypto Journalist

Ruholamin Haqshanas is an accomplished crypto and finance journalist with over three years of experience. He has been featured in various high-profile outlets, including Cryptonews.com, Investing.com, 24/7 Wall St, and Business2Community. Read More

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