SK Telecom Announces Launch of Web3 Wallet Service in Partnership with Aptos Labs and Atomrigs Lab
Summary:
South Korean telecommunications operator SK Telecom (SKT) plans to launch a Web3 wallet service, T wallet, in collaboration with Aptos Labs and Atomrigs Lab. The project to develop a blockchain wallet for cryptocurrencies and nonfungible tokens (NFTs) has been ongoing since July 2022. The partnership aims to provide a seamless and secure Web3 experience for users, expand its affiliations with customer-preferred mainnets and decentralized applications, and adapt MoveVM blockchain technology into T Wallet's system.
The South Korean telecommunication giant, SK Telecom (SKT), has disclosed its intention to roll out a Web3 wallet service, the T wallet. The service will be launched in cooperation with Aptos Labs, a layer-1 mainnet, and Atomrigs Lab. The move to create a blockchain wallet for cryptocurrencies and nonfungible tokens (NFTs) has been in SKT's agenda since July 2022. The project was initiated through SKT’s partnership with the AhnLab Blockchain Company and Atomix Lab to curate and manage a Web3 wallet.
This digital asset wallet, designed to store, send, and receive the various types of tokens issued on a blockchain network, garnered collaboration from AhnLab Blockchain Company and Atomrigs Lab to assist in its creation. The newest development unveiled by SKT focuses on widening its alliances with consumer-favored mainnets and decentralized applications, leveraging the tripartite agreement with these blockchain organizations.
The alliance aims to integrate T wallet into Aptos' decentralized application (DApp) ecosystem while also adopting its MoveVM blockchain technology. This marks SKT's first integration with a non- Ethereum Virtual Machine (EVM) blockchain, thereby underlining its commitment to offer a secure and seamless Web3 experience for users.
The recent revelation by South Korea’s National Tax Service (NTS) shows that more than 70% of residents' overseas assets are held in cryptocurrency. Official data has shown a total of 5,419 entities reported overseas financial accounts, housing an aggregate of 186.4 trillion won ($140 million) in assets like cryptocurrencies, stocks, deposits, and savings.
Published At
11/7/2023 6:29:00 AM
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