SK Telecom (SKT) and Polygon Labs have introduced they’ve signed a strategic collaboration settlement to construct SKT’s Web3 ecosystem. SK Telecom dominates the South Korean wi-fi market, boasting hundreds of thousands of subscribers. The settlement signing ceremony occurred at SK Telecom’s headquarters in Seoul.
Enhancements to SKT’s NFT Market and Web3 Pockets
The settlement will see the 2 firms collaborate on a brand new Web3 ecosystem. SK Telecom will add help for the Polygon blockchain to its NFT market TopPort and Web3 pockets. It should work with Polygon Labs to find promising Web3 startups and help incubation.
TopPort helps NFT transactions utilizing the Korean gained (KRW), broadening its enchantment to the native viewers. Designed with creators in thoughts, the platform presents a streamlined method to NFT creation, administration, and direct gross sales to a various viewers. Additional bolstering its presence, TopPort has cast strategic alliances with outstanding South Korean entities such because the Kansong Artwork Museum, Kakao Leisure, and JYP Leisure, enhancing its attain to potential customers and prolific content material creators.
Launched final 12 months, NFT market TopPort is not going to solely enable its native creators to mint Polygon-based NFTs however may even change into appropriate and scalable with all different NFT platforms within the Polygon ecosystem. SKT’s Web3 pockets, scheduled to be launched within the second half of 2023, may even help the Polygon community and introduce NFT buying and selling.
“Polygon Labs has been developing optimal blockchain technology for Web3 popularization, and we see this collaboration with SKT as an important step in providing Web3 experiences to more consumers,” stated Polygon Labs’ CEO Marc Boiron.
By leveraging Polygon, SKT will be capable to make sure that its customers can get pleasure from high-speed and cost-efficient transactions backed by Ethereum’s native safety and decentralization. Right now, many main international manufacturers are already utilizing Polygon-based options for his or her Web3 forays and initiatives.
Supporting Startups for International Web3 Enlargement
The 2 firms may even collectively help the continual development of the Web3 ecosystem by discovering and nurturing Web3 startups superior by SKT. Particularly, Polygon Labs plans to contemplate investing in promising Web3 startups really useful by SKT by means of its subsidiary Polygon Ventures.
As well as, the 2 firms will help the worldwide entry of aggressive Web3 startups in Korea and the entry of worldwide main decentralized apps (dApps) into the home market.
“By combining our experience in blockchain services and Polygon Lab’s blockchain infrastructure and ecosystem, we will be able to create valuable business opportunities and boost the Web3 ecosystem,” stated Oh Se-hyun, Vice President and Head of Web3 CO at SKT.
Collaborations between SKT and Polygon Labs present the accelerating momentum of Web3 adoption in Korea, throughout Asia, and the world. As conventional tech giants align with blockchain pioneers, Asia is poised to emerge as a serious hub for decentralized improvements and digital transformation.
