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The biggest cellular operator in South Korea – SK Telecom – reportedly joined forces with crypto companies AhnLab Blockchain Firm and Atomrigs Labs to launch a digital pockets. The function will present cryptocurrency companies and entry to the Web3 ecosystem.
- In response to a current report, customers of the pockets will be capable of obtain, switch, and retailer cryptocurrencies, non-fungible tokens (NFTs), and “soulbound tokens.” The latter are everlasting, non-transferable NFTs that confirm certificates and identifications.
- The digital pockets may even present entry to the Web3 universe, thought of by many as the way forward for the Web.
- The mechanism of the digital pockets shall be primarily based on the Seoul-based start-up Atomrigs Labs’ expertise. For his or her half, SK Telecom and AhnLab Blockchain Firm will supervise the operation and improvement of the product.
- Oh Se-hyeon – Head of the Digital Asset Unit of SK Telecom – believes the net atmosphere shall be encompassed by the Web3 house sooner or later.
“This joint mission of Web3 digital pockets shall be a vital place to begin for SK Telecom’s response to the Web3 market,” he added.
- Cheong Woo-hyeon – CEO of Atomrigs Lab – opined that such wallets primarily based on blockchain expertise are a lot safer and extra handy than conventional ones. In his view, the cooperation between the three entities will serve for example and popularize the product.
- SK Telecom is the most important telecommunication firm in South Korea. It has over 32 million clients (almost 50% of all cellular communication customers within the nation).
Featured Picture Courtesy of ZDNet
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