South Korean telecommunications giant partners with Aptos to boost Web3 initiatives

South Korea’s largest wireless operator, SK Telecom, has announced the signing of a tripartite agreement with Aptos Labs and Atomrigs Labs. The latter acts as its technology partner.

According to the official announcement on the LinkedIn post, the strategic partnership is expected to enhance SK Telecom’s affiliations with major networks and customer-preferred decentralized applications (dApps). The focus will also be on its Web3 wallet service, T wallet.

• He collaboration with Aptos marks the Korean telecommunications company’s first ethereum virtual machine (EVM)-less blockchain integration.
• SKT also plans to offer users tangible value by connecting them to the dApp ecosystem within Aptos Layer 1.
• The company said that leveraging Aptos’ MoveVM blockchain technology represents an important step forward in making Web3 services more accessible to a broader audience.
• Confirming the development, Aptos co-founder and CTO Avery Ching tweeted,

“We look forward to unlocking new kinds of Internet experiences (with blockchain in the background) through Move, sub-second latency, best-in-class performance, and enterprise-grade operations.”

• SK Telecom first joined forces with crypto companies AhnLab Blockchain Company and Atomrigs Labs last July to launch a digital wallet that would allow users to receive, transfer and store cryptocurrencies, non-fungible tokens (NFTs) and “soul-linked tokens.” “.
• A year later, the telecommunications giant revealed a collaboration with Korean crypto services company Team Blackbird, which operates blockchain data and analytics platform CryptoQuant, to introduce the T wallet product.
• SK Telecom also partnered with Polygon Labs to enhance its Web3 ecosystem.

<!– ai CONTENT END 1 –>