NTT Digital, Japan’s largest telecommunications company and a Fortune 500 giant, has become a new validator on Injective, one of the world’s leading proof-of-stake (PoS) blockchain ecosystems.
NTT Digital selected Injective as one of its primary blockchain partners to expand its Web3 presence, citing Injective’s dominance in the Layer one (L1) sector, its technological prowess, and its vibrant ecosystem.
What is NTT Digital?
NTT Digital is part of Nippon Telegraph and Telephone Corporation (NTT), a global leader in telecom services with a focus on technological innovation. The company is now actively expanding into Web3, leveraging its infrastructure and expertise to explore decentralized technologies that will shape the future of digital communication and finance.
NTT Digital’s entry into the Injective ecosystem showcases its commitment to pushing the boundaries of blockchain technology.
The company announced the partnership via its official X account, stating: “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. We’re ready to help drive innovation and security on one of the leading Layer 1 blockchains with Injective.”
NTT Digital’s Role in the Injective Ecosystem
By becoming a validator, NTT Digital strengthens Injective’s global validator set, ensuring greater security and scalability. NTT joins the ranks of prominent companies and institutions that have joined Injective as validators including Binance, Galaxy Digital, gumi and more.
The addition of NTT Digital as a validator is particularly important for Injective’s expansion into Japan and the broader Asian market. Japan, where over five million people hold cryptocurrency, is rapidly becoming a critical hub for technological advancement and Web3 adoption. Recently, Japanese gaming giant gumi also joined Injective as a validator, bringing with it millions of active gamers across popular mobile gaming titles. The involvement of NTT Digital further strengthens Injective’s momentum in Japan and beyond.
NTT also highlighted Injective’s unique capabilities: “Injective is the first blockchain to offer auto-executing smart contracts, enabling faster, more innovative, and groundbreaking applications. It allows for the secure transfer of crypto assets and Web3 data from prominent blockchains to be utilized in any application built on Injective.”
NTT Digital will help Injective bring institutional-grade security and performance to the network, making it an attractive platform for both developers and users in the growing decentralized ecosystem.
Institutional Expansion of Injective
The onboarding of a Fortune 500 company like NTT Digital signals a broader institutional shift towards decentralized technologies. As more institutional players recognize the value of blockchain and Web3, Injective continues to lead the charge in bringing together traditional industries and novel applications across decentralized finance.
About Injective
Injective is a lightning fast interoperable layer one blockchain optimized for building the premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.
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About NTT Digital, Inc.
As a web3 enabler, NTT Digital, Inc. will promote the creation of an environment in which individuals and companies can easily and safely use blockchain technology toward the social implementation of cutting-edge digital technologies.