The post Deutsche Telekom and MultiversX Join Forces to Shape the Future of Web3 appeared on BitcoinEthereumNews.com.

In a groundbreaking partnership, Deutsche Telekom’s subsidiary, Deutsche Telekom MMS, has entered the world of Web3 by becoming a validator on the MultiversX Network. This alliance signifies a significant step forward in the realm of blockchain technology and the Web3 infrastructure, as the telecommunications giant takes on a crucial role in securing, validating transactions, and enhancing the capabilities of the MultiversX Network. Dirk Röder, who heads the Web3 Infrastructure & Solutions Team at Deutsche Telekom MMS, expressed his enthusiasm for this venture, saying, “The Metaverse needs secure infrastructures because digital experiences and the gaming world for the masses require stable networks. I am happy to take the next step in Web3 together with MultiversX and to shape this new era.” Powering the Web3 Revolution The collaboration aims to enable fast, secure, and cost-effective Web3 applications and is expected to have far-reaching implications for the growing Web3 ecosystem. MultiversX, renowned for its scalable, efficient, and secure blockchain architecture, is positioned to revolutionize high-demand applications, including enterprise, DeFi (Decentralized Finance), Web3, and Metaverse experiences. MultiversX’s network boasts nearly 350 million transactions and over two million user accounts, underpinning its role in propelling the Metaverse’s adoption. As part of its product offering, MultiversX has introduced the high-performing xPortal App, designed to empower companies to create and integrate digital financial solutions and seamlessly send and receive cryptocurrencies and NFTs. One of the notable features of the MultiversX Network is the utilization of AI avatars and a chat feature to enhance customer and client interactions. These features are a testament to the network’s commitment to user-friendly experiences within the Web3 ecosystem. One of the key innovations MultiversX brings to the table is the concept of “Adaptive State Sharding.” This technology divides the blockchain into segments, or “shards,” each of which holds only specific portions of…

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Filed under: News - @ October 20, 2023 6:18 pm