One of the largest media companies in Europe is using its infrastructure to identify revenue streams and strengthen network security as a means of supporting blockchain standards.
German Deutsche Telekom is set to be a sponsor for Polygon’s Ethereum Layer 2 platform, becoming one of the 100 sponsors offering staking and service support for the network and Polygon’s Supernets solution. Polygon is an important layer 2 in the Ethereum ecosystem, providing developers with a wide range of tools, including free knowledge volumes, sidechains, and data access systems.
Deutsche Telekom MMS, which provides consulting and software development services, will act as Polygon’s sponsor for its parent company. This should support Polygon’s Proof-of-Stake sidechain and Supernets chain, improving protocol security, governance, and decentralization.
The company will be fully operational, create blocks, approve and participate in network consensus, and participate in monitoring the Ethereum mainnet. Dirk Röde, head of Deutsche Telekom’s Blockchain Solutions Center, told Cointelegraph that supporting Polygon’s network as a collateral is an important step in its goal to become a leader in Web3 infrastructure:
“Deutsche Telekom is not only a well-known infrastructure provider for mobile and Internet services, but it is making a big commitment to expand its presence and credibility as an infrastructure provider in the Web3 sector.”
Deutsche Telekom is also a sponsor for Q, Flow, Celo, Chainlink and Ethereum, and Röde said the company aims to serve enterprise customers as a reliable enterprise level provider.
Röde added that using the company’s infrastructure as a sponsor to monetize under the blockchain network offers Deutsche Telekom “a reliable, innovative and viable way to monetize.”
It is possible to access media companies that move to Web3 and can also make the actors who support the work of the different shows and shows.
“Other media companies are exploring opportunities in this area. In a decentralized environment, the goal should be to have different types of support and trust.”
A statement from Polygon Labs CEO Michael Blank reiterated this point, emphasizing his belief that the collaboration could pave the way for other major companies to adopt blockchain technology.
Recently, Polygon announced its multi-year partnership with Google Cloud to facilitate the development of the Ethereum virtual machine, the Ethereum scaling protocol zero-knowledge scaling solution.
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