SK Telecom to Launch Web3 Wallet Service in Collaboration with Aptos Labs and Atomrigs Lab
Summary:
South Korean telecom leader SK Telecom (SKT) has declared its plans to initiate a Web3 wallet service, T wallet, in collaboration with Aptos Labs and Atomrigs Lab. Besides expanding its partnerships with widely favored mainnets and decentralized applications, SKT aims to provide a secure and smooth Web3 experience for its users. The T wallet will be incorporated into Aptos' dApp ecosystem and will employ its MoveVM blockchain technology. This comes following the revelation by South Korea's National Tax Service that over 70% of residents' foreign assets are cryptocurrencies.
SK Telecom (SKT), the South Korean telecom titan, has unveiled its intentions to roll out a Web3 wallet service, T wallet, in a collaborative effort with layer 1 mainnet Aptos Labs and Atomrigs Lab. The aim of introducing a blockchain wallet for cryptocurrencies and non-fungible tokens (NFTs) was initially voiced by SKT in July 2022, with SKT's blockchain division joining forces with AhnLab Blockchain Company and Atomix Lab to construct and maintain a Web3 wallet.
Per the recent disclosure, SKT is seeking to broaden its partnerships with customer-favoured mainnets and decentralized applications (dApps), utilizing this three-way contract with blockchain enterprises. On the occasion of the partnership with Aptos, marking their first non-Ethereum Virtual Machine (EVM) blockchain integration, SKT affirmed their commitment to ensuring a safe and efficient Web3 experience for their users.
Furthermore, the partnership will facilitate the introduction of T wallet into Aptos' dApp ecosystem and the use of its MoveVM blockchain technology. In a recent development, South Korea's National Tax Service (NTS) divulged that a majority, more than 70%, of foreign assets held by its citizens are in the form of cryptocurrency. Based on the official figures, 5,419 entities disclosed their overseas financial accounts, containing total assets of 186.4 trillion won or $140 million, comprised in cryptocurrencies, stocks, deposits, and savings.
Published At
11/7/2023 6:29:43 AM
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