SK Telecom has partnered with blockchain firms AhnLab Blockchain Corporation and Atomrigs Labs to establish and function a electronic wallet for cryptocurrency management and World wide web3 accessibility, the South Korean telecommunications giant announced on Monday.
See related write-up: South Korea’s next-greatest conglomerate to issue own cryptocurrency
Quick information
- SK Telecom stated customers of its wallet will be equipped to store, transfer and obtain blockchain-issued tokens these types of as cryptocurrencies, non-fungible tokens (NFTs) and “soulbound tokens” (SBTs), which are everlasting, non-transferable NFTs for verifiable identifications and certificates.
- SK Telecom owns above 47% of all cellular communications consumers in South Korea as of 2021, in accordance to Korea Information and facts Modern society Advancement Institute (KISDI).
- The telecommunications arm of conglomerate SK Team also operates its individual metaverse, Ifland, which has a month to month common user foundation close to 1.1 million people today.
- SK Group’s info know-how investment subsidiary, SK Sq., has been working on its have cryptocurrency that is meant to be utilised in just SK’s World wide web3 community.
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