WEB3
by BSCN
October 9, 2024
As a result of this collaboration, Injective will be able to strengthen its presence in Japan, where over five million people own cryptocurrency.
On October 8, 2024, NTT Digital, Japan's largest telecommunications company, officially joined Injective as a validator.
Japan’s largest telco company NTT Digital has officially joined Injective as its latest validator!
— Injective 🥷 (@injective) October 8, 2024
NTT is one of the largest Fortune 500 companies worldwide and has selected Injective as its major blockchain partner to expand into Web3. pic.twitter.com/YvcGnXkfkf
NTT Digital is a part of the larger Nippon Telegraph and Telephone Corporation (NTT), one of the world's largest Fortune 500 companies.
“We're excited to join the Injective ecosystem as an official validator! Starting October 8, 2024, we look forward to contributing to a robust and dynamic network,” NTT Digital said in an announcement. “Ready to help drive innovation and security on one of the leading layer 1 blockchains with Injective.”
NTT Digital is actively exploring various blockchain-related projects and partnerships in order to establish itself as a key player. In a recent announcement, the company stated its launch of web3 Jam, an initiative aimed at facilitating seamless corporate collaboration using blockchain.
As of May 22, 2024, NTT Digital reported receiving support from 14 companies for this project. The firm is committed to recruiting more partners to explore innovative co-creation opportunities that cross industry boundaries.
Also, last June, NTT Digital joined the Linux Foundation Europe's OpenWallet Foundation (OWF) as another step toward enhancing its blockchain capabilities. This open-source initiative focuses on developing secure, interoperable multi-purpose wallets.
Participating in the OWF reportedly allows NTT Digital to enhance international interoperability of digital wallets and expand its global service offerings.
NTT Digital is not the only Japanese company to join Injective as a validator. On June 11, Gumi, a leading mobile gaming company, also became a validator for the Injective network.
Gumi is known for its popular mobile games, such as Brave Frontier and Final Fantasy Brave Exvius, and it has actively participated in blockchain initiatives. The addition of Gumi to Injective's validator set is significant, as it helps strengthen Injective's presence in Japan, a market where over five million users own cryptocurrency.
Injective is one of the largest proof-of-stake (PoS) blockchains globally, primarily designed for finance but also focusing on enhancing security in blockchain gaming.
The protocol recently launched the first-ever tokenized index for BlackRock's BUIDL Fund. With this, users can now access BlackRock's institutional liquidity fund through on-chain financial instruments.
The BUIDL Fund, managed by BlackRock, offers institutional investors a yield on assets such as the U.S. Treasuries. The Fund manages more than $500 million in assets, making it the largest tokenized fund in the world so far.
Disclaimer
Disclaimer: The views expressed in this article do not necessarily represent the views of BSCN. The information provided in this article is for educational and entertainment purposes only and should not be construed as investment advice, or advice of any kind. BSCN assumes no responsibility for any investment decisions made based on the information provided in this article. If you believe that the article should be amended, please reach out to the BSCN team by emailing [email protected].
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