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SkillZ Joins The Tezos Ecosystem As A Corporate Baker Using The Scaleway Cloud
Today, SkillZ, the European leader in Staking-as-a-Service, has formally announced that it has expanded its involvement within the Tezos ecosystem as a corporate baker.
By officially becoming a baker, SkillZ will now validate transactions and add them to the Tezos blockchain.
They become the 14th Corporate baker in the Tezos ecosystem.
By: Lee Evans
27 January 2022
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SkillZ
SkillZ is the European Staking-as-a-Service provider, with $800M of assets staked under management.
They enable exchanges, custodians, wallets, brokers, funds and market-makers to stake or seamlessly integrate staking into their offering in a non-custodial manner while adding new revenue to their balance sheet.
SkillZ Becomes The 14th Tezos Corporate Baker
Today, SkillZ, the European leader in Staking-as-a-Service, has formally announced that it has expanded its involvement within the Tezos ecosystem as a corporate baker.
They will be utilizing the Scaleway Cloud infrstructure to deploy the staking services.
Scaleway are a majority owned subsidiary of the French telecommunications giant: the Iliad group.
By officially becoming a baker, SkillZ will now validate transactions and add them to the Tezos blockchain. SkillZ joins the growing number of global enterprises electing to become block validators on Tezos.
Becoming a baker is one of the best ways to become acclimated to the network and incentivizes its active participation in Tezos’ development.
Being a baker allows enterprises to personally vouch for the security and verifiability of the network and exemplifies a corporation’s applying a forward-thinking, scalable investment in bleeding-edge technology.
Laszlo Szabo, CEO of Skillz stated:
“Adding support for Tezos is natural in regards to our mission to bring staking to institutional investors, offering them the opportunity to bake through our public validator or our white-label offering for exchanges, custodians, wallets or crypto institutions.
Furthermore, as the leading European institutional staking provider, we chose Scaleway as our infrastructure partner to ensure sovereignty, top performance, and energy efficiency in our service”.
Yann Lechelle, CEO of Scaleway added:
“We are thrilled to see SkillZ deploy its service in our cloud infrastructure, thereby adding geopolitical and sovereign resilience to its web3 value proposition, also leveraging our energy-efficient data-center Par-2”.
Tezos is an open-source platform that addresses key barriers facing blockchain adoption for assets and applications backed by a global community of validators, researchers, and builders.
Tezos is the world’s most advanced and energy-efficient blockchain, using proof of stake technology which has an exponentially lower impact on the environment than proof of work technology, used by other market-leaders.
In 2021 alone, the Tezos network processed over 50 million transactions with the energy consumption equivalent to 17 global citizens.
With this announcement, SkillZ is making a strategic decision to utilize a protocol anchored in French scientific research, energy-efficient and whose implementation is facilitated both by its open-source philosophy and by Nomadic Labs’ technical support.
SkillZ has launched delegations services around Tezos and seeks to become a pro-active participant of the Tezos ecosystem.
SkillZ also offers companies to become corporate bakers themselves, through their own nodes, easily deployed with our SaaS application.
Thibaut Chessé, Adoption Manager in France at Nomadic Labs commented:
“We are particularly delighted to welcome SkillZ as a corporate baker to the Tezos ecosystem; considering the strategic interest of a baker relying on the Scaleway sovereign cloud, with significant ability to scale the node deployment for Tezos”.
Nature of Content: All content published on https://xtz.news, whether written, auditory, or visual, is for informational purposes only. Opinions expressed therein are solely those of the individual authors and do not reflect the views of XTZNews or its management.
Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.
Accuracy and Completeness: While XTZNews makes every effort to ensure the accuracy and reliability of information, we do not warrant or guarantee the timeliness, completeness, or accuracy of the information presented. The website may contain errors, omissions, or inaccuracies. We disclaim all warranties, both express and implied, regarding the information, including but not limited to, any warranty of merchantability or fitness for a particular purpose.
Endorsements: References to specific entities, products, services, processes, or other information does not constitute or imply endorsement, sponsorship, or recommendation by XTZNews. Blockchain technology is in a developmental phase, and the engagement with the technology and its associated entities carries inherent risks.
User’s Responsibility: Users are encouraged to conduct their own research and due diligence and to seek the advice of qualified professionals before making any investment or decisions related to content on this site. Engaging with blockchain technology, cryptocurrencies, and associated applications should be undertaken with caution, understanding the inherent risks involved.
Limitation of Liability: Under no circumstances will XTZNews or its affiliates, partners, officers, directors, employees, shareholders, agents, or licensors be liable for any direct, indirect, incidental, special, consequential, or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from (i) your access to or use of or inability to access or use the site; (ii) any content obtained from the site; or (iii) unauthorized access, use, or alteration of your transmissions or content, whether based on warranty, contract, tort (including negligence), or any other legal theory, whether or not we have been informed of the possibility of such damage, and even if a remedy set forth herein is found to have failed its essential purpose.
Seek Independent Advice: Before undertaking any financial investments, potential investors are advised to seek guidance from independent financial, legal, and tax professionals.
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