South Korean Telco To Launch Web3 Wallet
South Korean telecom company SK Telecom plans to launch a Web3 wallet service, T wallet, in partnership with layer 1 mainnet Aptos Labs and Atomrigs Lab.
The initiative began in July 2022, with SKT’s blockchain arm collaborating with AhnLab Blockchain Company and Atomix Lab to develop and operate a Web3 wallet.
The partnership aims to expand SKT’s affiliations with customer-preferred mainnets and decentralized applications using the tripartite agreement with the blockchain companies.
The partnership will see T wallet integrated into Aptos’ decentralized application ecosystem and the adoption of its MoveVM blockchain technology.
South Korea’s National Tax Service (NTS) revealed that residents hold over 70% of their overseas assets in cryptocurrency, with 5,419 entities reporting their assets, totaling approximately $140 million.
(With inputs from Shikha Singh)
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