Deutsche Telekom takes a decisive step into Web3 with Polygon

Deutsche Telekom, one of the largest telecommunications companies in Europe, recently announced its intention to become a validator on Polygon. By joining the 100 validators that operate on Ethereum layer 2, Deutsche Telekom seeks to explore new sources of revenue while participating in strengthening the security of the network.

Deutsche Telekom will help strengthen Polygon’s security and governance

Polygon, a second-layer protocol intended to solve the scalability and cost problems encountered by the Ethereum blockchain, allows developers to create and deploy decentralized applications (dApps) efficiently and cost-effectively. By becoming a validator, Deutsche Telekom MMS, parent company of Deutsche Telekom, hopes to strengthen the security, governance and decentralization of the various network protocols.

As a validator, Deutsche Telekom will operate a full node, produce blocks, participate in network consensus, and register checkpoints on the Ethereum mainnet.

Dirk Röde, Head of Blockchain Solution Center at Deutsche Telekom, pointed out that supporting the network as a validator is an important step towards becoming a major player in Web 3 infrastructure.

Monetize the native Polygon token

Deutsche Telekom is already a validator for other blockchain protocols (Q, Flow, Celo, Chainlink etc). By adding Polygon to its roster, the company intends to provide institutional clients with reliable, professional-grade staking services. Dirk Röde pointed out that leveraging Polygon’s native token infrastructure and monetization provides the company with a new and scalable revenue stream.

By positioning itself as a validator on Polygon, Deutsche Telekom illustrates not only its commitment to strengthening the Web3 ecosystem, but also its willingness to explore new sources of revenue, testifying to the evolution of telecommunications companies towards blockchain technology. This initiative could well encourage other major players to follow suit and integrate the Web3, thus marking the beginning of an era where the blockchain would no longer be the prerogative of technology companies, but a lever of growth for a range of larger sectors.

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