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SK Telecom, a telecom giant in South Korea, announced a partnership with Aptos and Atomrigs Lab, aiming for an expansion in the Web3 world.
On November 7, SK Telecom took to their official X (formerly known as Twitter) handle and shared an update. As per their X post, the collaboration will help SK Telecom to build a secure web3 experience for their users, in South Korea.
SK Telecom Partners With Aptos
It is to be noted, that the partnership with Aptos marks the first non-Ethereum Virtual Machine (EVM) Collaboration of SK Telecom, which will be launching Web3 Wallet also known as T Wallet.
Speaking of the goal of this partnership, the triptote partnership between Aptos, Atmorigs Lab, and SK Telecom will give wings to the vision of a Web3 wallet and non-fungible token (NFT) marketplace. Notably, this is a project previously unveiled by the company, and holds an aim of expansion, providing a secure Web3 experience.
While SK Telecom will emphasize working for a secure platform for transactions involving NFTs and other digital assets, the two partners will play a crucial role in blockchain technology.
Having high expectations with the three-party collaboration, Aptos’ technology chief and co-founder Avery Ching, said in this partnership with SK Telecom, Aptos will be providing users with tangible value by connecting to the promising decentralized application (dApp) ecosystem within Aptos.
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SK Telecom’s Past Strategic Alliance in Web3 Industry and Blockchain
It is to be noted, that since July 22, SK Telecom visioned to enter the Web3 and Blockchain space. Recently in the past two months, giving a boost to the same, SK Telecom joined hands with Crypto Quant. The partnership in October was to introduce the T wallet, a blockchain-based application designed to enable users to store tokens on their mobile devices securely.
Moreover, in August, SK Telecom formed a partnership with Polygon Labs for the development and expansion of its web3 ecosystem.
Now, in November, the giant telecom company of South Korea, teamed up with Aptos and Atomrigs Lab, which will enhance the work to venture into a seamless and secure Web3 zone, backed by Blockchain technology in South Korea.
Furthermore, a recent survey data conducted by South Korea’s National Tax Service (NTS) revealed that residents hold more than 70% of their overseas assets in cryptocurrency.
As per the report, approximately 5,419 entities hold their overseas financial accounts, with a total of 186.4 trillion won ($140 million) in assets like cryptocurrencies and stocks, as well as deposits and savings.
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