South Korea’s SK Telecom to build its first Web3 wallet

South Korea’s SK Telecom to build its first Web3 wallet

SK Telecom has partnered with blockchain corporations AhnLab Blockchain Firm and Atomrigs Labs to produce and work a electronic wallet for cryptocurrency administration and World wide web3 accessibility, the South Korean telecommunications big declared on Monday. 

See similar write-up: South Korea’s next-major conglomerate to problem have cryptocurrency

Rapidly specifics

  • SK Telecom explained people of its wallet will be able to keep, transfer and acquire blockchain-issued tokens such as cryptocurrencies, non-fungible tokens (NFTs) and “soulbound tokens” (SBTs), which are long-lasting, non-transferable NFTs for verifiable identifications and certificates.
  • SK Telecom owns over 47% of all cellular communications customers in South Korea as of 2021, in accordance to Korea Details Society Improvement Institute (KISDI).
  • The telecommunications arm of conglomerate SK Team also operates its have metaverse, Ifland, which has a month to month regular user base all over 1.1 million individuals. 
  • SK Group’s facts know-how expenditure subsidiary, SK Sq., has been doing work on its have cryptocurrency that is supposed to be applied inside of SK’s Web3 network.

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