Nexth announced that One Store will join as a validator for the Nexth Cross protocol on July 15.
According to Nexth, One Store will build and operate its own node infrastructure, participating in block generation, transaction validation, and network security maintenance for the Cross Mainnet 2.0. Validators are responsible for confirming that transactions occur correctly on the blockchain network and participate in the creation of new blocks. The more validators that operate the network together, the lower the dependency on specific entities and the greater the network stability.
The Cross Mainnet 2.0, dubbed 'Breakpoint,' operates on a Proof of Stake Authority (PoSA) model, where validators are responsible for block generation. Validators must meet certain self-staking requirements and continuously operate nodes, playing a key role in maintaining the network's stability and reliability.
One Store is the second-largest app market in South Korea by transaction volume. The company has accumulated operational capabilities in app distribution, payment, and developer support. Through its participation as a validator, One Store aims to extend its existing Web2 platform capabilities into the Web3 infrastructure space.
Previously, H-Lab joined as the first validator, followed by Certic, which signed a memorandum of understanding (MOU) to participate. With One Store's involvement as a validator, the Cross protocol has expanded its collaborative foundation connecting gaming platforms and blockchain infrastructure.
Jang Hyun-guk, CEO of Nexth, stated, “One Store's participation as a validator marks a significant starting point for connecting app market operational capabilities with blockchain infrastructure. We will integrate game distribution, payment, and on-chain infrastructure within a single platform structure.”
This participation by One Store is also significant as it represents the first step in connecting the app distribution platform and blockchain infrastructure since Nexth secured management rights over One Store.
Last month, Nexth acquired 89.03% of One Store's shares and announced plans to build a full-stack gaming platform that integrates app distribution, user acquisition, payment, game operation, and on-chain services. With One Store's direct involvement in operating the Cross network, its role has expanded from content distribution and payment to include blockchain transaction validation and network security.
In terms of the Cross ecosystem, the mainnet 'Cross' will change its native token from 'Cross ($CROSS)' to 'One ($ONE),' and the ecosystem dollar will be renamed to 'One USD ($ONEUSD).'
* This article has been translated by AI.
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