Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » SK Telecom and Polygon Labs Forge Pathways for Web3 Expansion

SK Telecom and Polygon Labs Forge Pathways for Web3 Expansion

Kelly Cromley by Kelly Cromley
Aug 18, 2023
in Market News, News
Reading Time: 2 mins read
0

South Korea’s leading telecommunications company, SK Telecom Co., has entered into a strategic partnership with Polygon Labs, a prominent New York-based global blockchain entity. The collaboration, solidified through a memorandum of understanding signed at SK Telecom’s headquarters in Seoul on Thursday, underscores the companies’ joint efforts to amplify the Web3 ecosystem. Web3 denotes an internet paradigm leveraging decentralized technologies like blockchain, empowering users with ownership and control of their personal information and data, now stored in individual online repositories rather than centralized servers.

Expanding Web3 Ecosystem: SK Telecom Partners with Polygon Labs

Polygon Labs, a renowned player in the realm of Web3, is celebrated for its network, often likened to the “internet of the blockchain sector.” This accolade stems from its stellar performance record and seamless compatibility with Ethereum.

Strategic Partnership Set to Revolutionize Decentralized Internet Ecosystem

Within this partnership, SK Telecom assumes a pivotal role by bolstering Polygon’s blockchain network across multiple fronts. A key endeavor involves extending support to Polygon’s blockchain network on the non-fungible token (NFT) marketplace, TopPort. Launched in the previous year, TopPort serves as a platform for NFT creators to engage in transactions. Additionally, SK Telecom is poised to introduce a Web3 wallet in the latter half of this year, enhancing the overall user experience. Through this wallet, users can further engage with the decentralized landscape while seamlessly managing their data and transactions.

The integration does not stop at technology; it encompasses the realms of virtual currency as well. SK Telecom is slated to promote the adoption of Polygon’s native virtual coin, Matic, on the TopPort platform for NFT-related transactions. Meanwhile, Polygon Labs, through its subsidiary Polygon Ventures, is exploring avenues to invest in promising Web3 entities recommended by its South Korean collaborator.

Reflecting on this strategic partnership, SK Telecom Vice President Oh Se-Hyun, who oversees the company’s Web3 CO unit, asserted, “SK Telecom will amalgamate its wealth of experience in blockchain service technology with Polygon Labs’ infrastructure prowess, fostering the bedrock for popularizing Web3.” Vice President Oh Se-Hyun further elaborated on this theme during a noteworthy webinar hosted by the technology management policy division of the National Academy of Engineering of Korea in Seoul. He presented a lecture titled “Revolution of the Digital Economy: Synergy between Web3 and Generative AI.”

“Numerous Web3 services necessitate users to possess a firm grasp of blockchain technology,” Vice President Oh Se-Hyun elucidated. “Generative AI holds the promise of enhancing user experiences within the Web3 domain and augmenting overall service convenience.”

In this dynamic landscape, Vice President Oh Se-Hyun emphasized the pressing need for rapid ecosystem development. He noted, “The velocity at which an ecosystem is established has become a pivotal factor.”

As the partnership unfolds, the collaborative force of SK Telecom and Polygon Labs is anticipated to redefine the contours of Web3, integrating cutting-edge technology and transformative paradigms to reshape the digital landscape.

Previous Post

Rising Threat: Quantum Computers’ Potential to Disrupt Cryptocurrencies and Blockchain

Next Post

HUAWEI CLOUD and COBO Forge Pioneering Pathways for Blockchain Advancement in Asia

Related Posts

core dao

Core Foundation Unveils Rev+ to Reward Token Activity

by Kelly Cromley
Jul 16, 2025
0

The Core Foundation has introduced Rev+, a protocol-level initiative designed to share blockchain revenue with developers and stablecoin issuers based...

Tac

Tac Blockchain Bridges Telegram Mini Apps to Ethereum

by Kelly Cromley
Jul 16, 2025
0

Tac, a newly introduced Layer 1 blockchain compatible with the Ethereum Virtual Machine (EVM), has officially launched its mainnet with...

invincible read

Blockchain Meets Books in Invincible Read’s Web3 Push

by Kelly Cromley
Jul 16, 2025
0

Invincible Read has unveiled its next-generation educational platform designed around Web3 technologies, aiming to transform traditional reading into an engaging,...

MoonPay supports Revolut Pay

MoonPay Adds Revolut Pay for One-Click Crypto Purchases

by Kelly Cromley
Jul 15, 2025
0

MoonPay has expanded its fiat on-ramp capabilities by integrating Revolut Pay, allowing users to buy cryptocurrencies with a single click...

Standard Chartered Executes Trade Financing Deal Using Blockchain

Standard Chartered Launches Institutional Crypto Trading Service

by Kelly Cromley
Jul 15, 2025
0

Standard Chartered has introduced a secure, fully integrated digital asset trading service specifically designed for institutional clients. This move is...

zoro partners with pai3 ai

Zoro and PAI3 Unite to Build Ethical, Verifiable AI Agents

by Kelly Cromley
Jul 15, 2025
0

ZoRobotics (ZORO), a decentralized AI network for machine learning, has announced a strategic partnership with PAI3 AI, a decentralized platform...

Next Post
HUAWEI CLOUD and COBO Forge Pioneering Pathways for Blockchain Advancement in Asia

HUAWEI CLOUD and COBO Forge Pioneering Pathways for Blockchain Advancement in Asia

  • Collé Ai

    Collé: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • Hyper Foundation Launched to Boost Hyperliquid Blockchain Development

    by Kelly Cromley
    Oct 15, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025

Recent News

core dao
Market News

Core Foundation Unveils Rev+ to Reward Token Activity

by Kelly Cromley
Jul 16, 2025
Tac
Market News

Tac Blockchain Bridges Telegram Mini Apps to Ethereum

by Kelly Cromley
Jul 16, 2025
invincible read
Market News

Blockchain Meets Books in Invincible Read’s Web3 Push

by Kelly Cromley
Jul 16, 2025
MoonPay supports Revolut Pay
Market News

MoonPay Adds Revolut Pay for One-Click Crypto Purchases

by Kelly Cromley
Jul 15, 2025
Standard Chartered Executes Trade Financing Deal Using Blockchain
Market News

Standard Chartered Launches Institutional Crypto Trading Service

by Kelly Cromley
Jul 15, 2025

Categories

  • Altcoin News
  • Analysis News
  • Binance Coin News
  • Bitcoin News
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market Forecasts
  • Market News
  • News
  • Ripple News
  • Solana News
  • Tether News
Trustpilot

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree