German telecommunications big Deutsche Telekom is teaming up with Polkadot (DOT) and investing within the interoperability blockchain’s ecosystem by buying DOT tokens.
Telekom lately introduced subsidiary firm T-Methods MMS plans to make use of Telekom’s infrastructure to take part in Polkadot’s public blockchain community as a validator.
The Polkadot community goals to attach a number of blockchains into one unified community, permitting customers on totally different blockchains to ship and obtain transfers of any kind of knowledge or asset. The DOT token permits holders to take part in community governance, staking and bonding.
DOT is presently buying and selling at $30.11, up greater than 6% from the place it was priced one month in the past.
Dr. Andreas Dittrich, head of the Blockchain Options Middle at T-Methods MMS, says they imagine in Polkadot’s imaginative and prescient.
“As Deutsche Telekom, we’ve at all times supported the collaboration of individuals and firms, now additionally with decentralized applied sciences.
Polkadot is a heterogeneous, multi-chain community permitting varied blockchains of various traits to carry out arbitrary, cross-chain communication below shared safety.”
It’s not Telekom’s first foray into the crypto world. In June, the telecommunications big and Andreesen Horowitz introduced they’d partnered to stake CELO tokens on the general public blockchain community of worldwide funds infrastructure platform Celo.
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