Deutsche Telekom MMS Subsidiary Becomes Validator for Injective Blockchain

Deutsche Telekom MMS Boosts Blockchain Security as Validator on Injective

Deutsche Telekom MMS, a subsidiary of one of Europe’s largest telecom giants, has become a validator for the Injective blockchain, a layer-1 network focused on finance. The announcement, made on February 27, highlights the growing intersection of telecommunications and blockchain technologies.

According to the Injective blog, Deutsche Telekom MMS will actively participate in the validation of transactions, block proposals, and on-chain governance. This partnership strengthens Injective’s decentralized ecosystem, with the telecom giant staking the INJ token to help secure the network. Eric Chen, CEO of Injective, expressed enthusiasm over the collaboration, noting, “We are thrilled to have one of the world’s leading telecommunications companies on board as a validator.”

Web3 Meets Telecom Infrastructure

Oliver Nyderle, head of Web3 infrastructure at Deutsche Telekom MMS, explained that their involvement in the blockchain space aims to support decentralization and security. “We want to foster true decentralization,” Nyderle said, emphasizing the importance of robust infrastructure for the network’s security.

Deutsche Telekom MMS joins an increasing list of institutional validators, such as Kraken and Binance staking, helping secure Injective’s proof-of-stake blockchain. The subsidiary is now the 60th validator on Injective’s network.

Deutsche Telekom’s Expanding Blockchain Footprint

Deutsche Telekom MMS has been building its presence in the blockchain sector for some time, having previously become a validator for Polygon in 2023 and Celo in 2021. The subsidiary has also been running a Bitcoin node and started Bitcoin mining in 2023, using surplus renewable energy.

With a market cap of $178 billion and operations in over 50 countries, Deutsche Telekom’s venture into blockchain validates the growing institutional interest in decentralized finance and Web3 technologies.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.