Aptos and Atomrigs Lab join Korean telecom for wallet creation

SK Telecom, South Korea’s leading mobile operator, has announced a new collaboration with blockchain firms Aptos and Atomrigs Lab to develop its web3 wallet service, T wallet.

On Nov. 7, the Korean telecommunications company shared in a LinkedIn post that its three-way partnership is focused on strengthening connections with mainnets and decentralized applications favored by customers, with particular emphasis on the T wallet service.

The T wallet is designed to provide users with the convenience of accessing blockchain-based applications directly on their mobile phones, enabling them to store various tokens securely.

This development marks SK Telecom’s first venture into integrating a non-Ethereum (ETH) virtual machine blockchain, signifying a broadening of its technological horizons.

You might also like: South Korea’s crypto market soars to $21.1 billion in H1

The partnership with Aptos (APT) is particularly notable as it brings the MoveVM blockchain technology into the fold, which is expected to make web3 services more user-friendly and widely accessible.

SK Telecom expressed enthusiasm about connecting users to the burgeoning dApp ecosystem on Aptos, anticipating that this will deliver real value to its customers.

Avery Ching, co-founder and CTO of Aptos, expressed optimism about the future of Internet experiences powered by blockchain technology. He highlighted the potential for innovations like Move, which promises sub-second latency and high throughput, to revolutionize enterprise operations and user experiences.

SK Telecom’s ongoing commitment to foster web3

SK Telecom is known in South Korea for its passion for web3-related investments. On Oct. 16, the telecom giant, which boasts over 30 million customers, launched a digital currency designed for virtual transactions within its metaverse platform, Ifland.

Earlier in July 2022, SK Telecom collaborated with various blockchain entities to develop a digital wallet capable of storing cryptocurrencies, NFTs, and digital credentials.

Read more: Crypto accounts for 70% of South Korea’s overseas assets
Follow Us on Google News

Comments

Post a Comment

Popular posts from this blog

Breaking: US SEC Charges Fintech Giant Titan Global

Image
Today we announced charges against Titan Global Capital Management USA for using hypothetical performance metrics in ads that were misleading. This marks the first violation of the SEC’s amended marketing rule.https://t.co/W23wbvQBsV advertisement — U.S. Securities and Exchange Commission (@SECGov) August 21, 2023 Between August 2021 and October 2022, Titan used misleading information in its advertisements, promoting hypothetical “annualized” performance results as high as 2,700 % for its Titan Crypto strategy. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Trading Bots List 2023 Must Read Top Crypto Marketing Firms / Agencies 2023; He
Read more

WuBlockchain Weekly: KuCoin Implements 30% Workforce Reduction、Worldcoin Launches Token WLD、Fed Raises Interest Rates by 25 bps and Top10 News

Image
1. Federal Reserve Raises Interest Rates by 25 bps link On July 27th, according to The Wall Street Journal, the Federal Reserve announced a 25 basis point interest rate hike, bringing the rates to the highest point in twenty-two years. Federal Reserve Chairman Jerome Powell did not rule out the possibility of another rate hike at the central bank’s next meeting in September. The Federal Reserve aims to maintain long-term inflation rates at 2%. CICC (China International Capital Corporation) pointed out that the overall changes in the Federal Reserve’s meeting statement were not significant, and Powell’s speech retained flexibility for future policies. It is expected that July is likely to be the last rate hike in this round, but if the month-on-month inflation rate continues to be above 0.4% before the September meeting, there may be additional rate hikes. Attention will be given to the Employment Cost Index (ECI) data on Friday and Powell’s statements on inflation-fighting measures a
Read more

Crypto.com Unveils Collaboration with Samsung

Image
On Thursday, April 27, Crypto.com unveiled its partnership with technology conglomerate Samsung. Via the tie-up, the most recent Crypto.com app update, Version 3.158.1, will be featured on Samsung Galaxy Z Fold devices. According to the official statement, the advanced app features will foster “increased productivity” and “multitasking.” That will ultimately deliver “enhanced trading and analysis capabilities.” Kris Marszalek, the co-founder and CEO of Crypto.com took to Twitter to exclaim, “Proud and excited to be working with Samsung to drive global crypto adoption together.” We've collaborated with @Samsung to empower #Web3 communities with the best smartphone experience in the market. Advanced app features on Galaxy Z Fold devices will enable increased productivity and enhanced trading & analysis capabilities. Learn more: https://t.co/I56xy575jH pic.twitter.com/MZ5pa7kQ6i — Crypto.com (@cryptocom) April 27, 2023 Also read: Shiba Inu’s BONE Bags a Listing on
Read more