South Korean telecom giant SK Telecom (SKT) has announced its plans to launch a Web3 wallet service called T wallet. The service will be developed in partnership with layer 1 mainnet Aptos Labs and Atomrigs Lab.
Expanding Affiliations with Customer-Preferred Mainnets and dApps
SKT's vision to launch a blockchain wallet for cryptocurrencies and nonfungible tokens (NFTs) began in July 2022. Initially, SKT's blockchain arm collaborated with AhnLab Blockchain Company and Atomix Lab to develop and operate a Web3 wallet. Now, with this new partnership, SKT aims to expand its affiliations with customer-preferred mainnets and decentralized applications (dApps).
According to SKT, this collaboration with Aptos marks their first integration with a non-Ethereum Virtual Machine (EVM) blockchain. The telecom giant is committed to delivering a seamless and secure Web3 experience for its users.
T Wallet Integration and MoveVM Blockchain Technology
As part of the partnership, T wallet will be integrated into Aptos' decentralized application (dApp) ecosystem. Additionally, SKT plans to adopt Aptos' MoveVM blockchain technology.
South Korean Residents Hold Over 70% of Overseas Assets in Cryptocurrency
A recent report from South Korea's National Tax Service (NTS) revealed that residents hold more than 70% of their overseas assets in cryptocurrency. The official data shows that 5,419 entities reported holding a total of 186.4 trillion won ($140 million) in assets such as cryptocurrencies, stocks, deposits, and savings.
