SK Telecom announced it has signed a partnership deal with Aptos Labs and Atomrigs Lab Inc. Through the cooperation, the company will introduce Web3 wallet services in South Korea.

The deal will allow SK Telecom to widen its Web3 offerings to blockchain users in the country. Likewise, the Aptos and Atomrigs Lab team-up will greatly improve the telecom firm’s blockchain services and fulfill its objective of being able to provide a secure Web3 experience to everyone.

This also bolsters the company’s efforts to expand in the third generation of the World Wide Web space.

SK Telecom’s Plans for Its Web3 Services

CoinTelegraph reported that SK Telecom already revealed its plans to create a blockchain wallet for cryptocurrencies and nonfungible tokens (NFTs) as early as July of last year. At that time, to kick off the plan, the company’s blockchain unit joined forces with AhnLab Blockchain Company and Atomix Lab to create and operate a Web3 wallet.

Since then, the mobile carrier giant started to further develop its blockchain services. Its main aim is to build a secure Web3 experience for local users while also extending its “affiliations with customer-preferred mainnets and decentralized applications” via tripartite agreements with blockchain firms.

SKT’s Upcoming T Wallet

Now the company announced the latest development and shared it will roll out a Web3 wallet service that will be called the “T wallet.” This will be introduced through cooperation with layer-1 mainnet - Atomrigs Lab and Aptos Labs.

In its social media post on X, formerly Twitter, SK Telecom wrote: SK telecom signed a tripartite agreement with #Aptos, a rapidly-emerging and scaling layer 1 mainnet, and Atomrigs Lab, SK telecom’s technology partner. Through the collaboration with Aptos, SK telecom is committed to delivering a seamless and secure Web3 experience for users.”

The cooperation of SK Telecom, Aptos, and Atomrigs Lab will also include an agreement for T wallet’s integration into Aptos’ decentralized application (DApp) ecosystem. Finally, Bitcoinist reported that SKT’s new wallet may also advance or upgrade the crypto market in South Korea.

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