MMS’s first Major Enterprise Partner, Deutsche Telekom, announces joining of SQD Network after Mainnet release.
Deutsche Telekom, one of the leading telecommunications services providers globally, has entered the SQD network as a major boost to decentralization through enhanced worker nodes and flexible solutions in storage and computing.
SQD network provides accurate blockchain data to web3 Dapps for its users to protect the network by staking its native token, $SQD to genuine node runners.
Dirk Röder, the Web3 Infrastructure and Solutions at Deutsche Telekom MMS noted.
“SQD network, with its innovative architecture, is a game changer for Web3. It unlocks the true potential of blockchain data and makes it easily accessible and usable for developers and users alike.”
Marcel Fohrmann, co-founder of SQD network, mentioned that its cooperation with Deutsche Telekom MMS will improve its web3 creation process, as web3 developers will be able to get valuable data at a rather low cost to integrate the UI.
Dmitry Zhelezov, the co-founder of the SQD network, remarked that,
“Once data has been added to the SQD network, every piece of data is replicated across dozens of nodes across the network, so even if a node goes offline, all the data remains available for consumers,”
An Evaluation of the Market Effects of Deutsche Telekom MMS & SQD Partnership
The future of the Deutsche Telekom MMS and SQD network partnership is promising as it continues to grow with the use of web3 protocols and by incorporating digital assets within the MiCA regulation of the EU.
After the announcement, the $SQD token rose by as much as 10 percent on Wednesday, standing at about $0.12. It has a fully diluted market capitalization of approximately $168 million and today sees a significant trading volume of $5.2 million. By the most recent week, $SQD rose by as much as 36%.
However, the DTE stock price continued the weak bullish trend with a chance of revealing more revenues for its owners.
Deutsche Telekom has recently transitioned to concentrate more on web3 and effective digital assets for a sustainable future. For example, Röder underlined the fact that the company has been running a Bitcoin node since last year.
The acceptance of digital assets and Web3 protocols by institutional investors will compound the current macro crypto bull run, which began with the fourth Bitcoin halving.
