The South Korean telco is set to launch its Web3 wallet in the labs of Aptos and Atomrigs.
South Korean telecom giant SK Telecom (SKT) has announced plans to launch Web3's T Wallet service in partnership with Dber1 Minet Aptos Labs and Atomrigs Lab.
SK Telecom's vision to launch a blockchain wallet is from July 2022. The timely initiative saw SKT's blockchain arm partnering with AhnLab Blockchain Company and Atomics Lab to develop and operate the Web3 wallet.
SKT is working on the ‘Web3 Wallet' in collaboration with AhnLab Blockchain Company and Blockchain Specialist Atomrix Lab. Web3 Wallet is a digital value wallet that allows users to store, send and receive various types of tokens issued on blockchain networks. ▶ #Blockchain pic.twitter.com/HFGCl3cIN8
— SK Telecom (@SKtelecom) July 11, 2022
According to the new announcement, SKT aims to expand “connections to customer-selected core networks and decentralized applications (dApps)” using a trilateral agreement with blockchain companies.
“In partnership with Aptos, which marks the first Ethereum Virtual Machine (EVM) blockchain integration, SKT is committed to providing our users with a seamless and secure Web3 experience.”
On official Twitter, SKT is committed to delivering a seamless and secure Web3 experience to users.
SK Telecom has signed a tripartite agreement with #Aptos, a fast-growing and scalable Layer 1 backbone, and SK Telecom's technology partner, Atomrigs Lab. In partnership with Aptos, SK Telecom is committed to providing users with a seamless and secure Web3 experience. pic.twitter.com/Ga9qoZz84W
— SK Telecom (@SKtelecom) November 7, 2023
The partnership will see the integration of the T-Bag into the Aptos decentralized application (dApp) ecosystem and the adoption of the MoveVM blockchain technology.
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South Korea's National Tax Service (NTS) has revealed that residents hold more than 70% of their overseas assets in cryptocurrency.
According to official data, 5,419 entities reported their financial accounts abroad, holding a total of 186.4 trillion won ($140 million) in assets such as cryptocurrencies and stocks, as well as deposits and savings.
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