Major

Injective

Fortune

Frontier

Foundation

On October 8, 2024, NTT Digital, Japan's largest telecommunications company,&nbsp;<a style="text-decoration:none" href="https://x.com/injective/status/1843651046788518195">officially joined</a> Injective as a validator.&nbsp;
<div>
 <blockquote class="twitter-tweet">
 Japan’s largest telco company NTT Digital has officially joined Injective as its latest validator! NTT is one of the largest Fortune 500 companies worldwide and has selected Injective as its major blockchain partner to expand into Web3. <a href="https://t.co/YvcGnXkfkf">pic.twitter.com/YvcGnXkfkf</a>— Injective 🥷 (@injective) <a href="https://twitter.com/injective/status/1843651046788518195?ref_src=twsrc%5Etfw">October 8, 2024</a>
 </blockquote> 
</div>
NTT Digital is a part of the larger Nippon Telegraph and Telephone Corporation (NTT), one of the world's largest Fortune 500 companies.
<blockquote>
 “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.”
</blockquote>
<h2 dir="ltr" id="span-span-ntt-digital-a-major-player-in-web3-span-span">NTT Digital: A Major Player in Web3</h2>
NTT Digital is actively exploring various blockchain-related projects and partnerships in order to establish itself as a key player. In a recent&nbsp;<a style="text-decoration:none" href="https://nttdigital.io/pdf/20240522_nttdigital_press-release.pdf">announcement</a>, the company stated its launch of web3 Jam, an initiative aimed at facilitating seamless corporate collaboration using blockchain.
&nbsp;
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.&nbsp;
&nbsp;
Also, last June, NTT Digital&nbsp;<a style="text-decoration:none" href="https://nttdigital.io/pdf/20240529_nttdigital_press-release.pdf">joined</a> 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.&nbsp;
&nbsp;
Participating in the OWF reportedly allows NTT Digital to enhance international interoperability of digital wallets and expand its global service offerings.
<h2 dir="ltr" id="span-span-injective-s-growing-validator-network-span-span">Injective's Growing Validator Network</h2>
NTT Digital is not the only Japanese company to join Injective as a validator. On June 11, Gumi, a leading mobile gaming company,&nbsp;<a style="text-decoration:none" href="https://x.com/gumi_pr/status/1798961125851353452">also became</a> a validator for the Injective network.&nbsp;
&nbsp;
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.
&nbsp;
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.&nbsp;
&nbsp;
The protocol recently&nbsp;<a style="text-decoration:none" href="https://blog.injective.com/en/injective-powers-the-first-ever-tokenized-index-for-blackrocks-buidl-fund/">launched</a> 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.&nbsp;
&nbsp;
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.&nbsp;

Japan's Largest Telco NTT Digital Joins Injective as the Latest Validator

Table of Contents

BSCN

Other articles published on Oct 17, 2024

Better Know a Crypto Candidate: Kari Lake

Gamers blame DEI for deteriorating character design standards

Bitcoin Rally Linked to US Elections, Will BTC Hit New Highs?

Presale Token PCHAIN Flashes Buy Signal that Triggered the Dogecoin Price 2021 Rally from $0.01 t...

Binance Labs's Latest Investment: What Is Lombard Finance?

Analysts Assess Altcoin Trends Following BTC Declines

Join our free newsletter for daily crypto updates!