Polygon Labs and Korean mobile giant SK Telecom forge web3 partnership | Headlines | News | CoinMarketCap

08/17/2023 07:08
Polygon Labs and Korean mobile giant SK Telecom forge web3 partnership | Headlines | News | CoinMarketCap

Blockchain company Polygon Labs and leading Korean mobile carrier SK Telecom have partnered to develop a web3 ecosystem while also seeking to …

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Published on August 17, 2023 00:01 GMT+00:00edited on August 17, 2023 00:04 GMT+00:00

Blockchain company Polygon Labs and leading Korean mobile carrier SK Telecom have partnered to develop a web3 ecosystem while also seeking to identify “promising” startups worthy of incubation, the companies said in a statement.

“We see this collaboration with SK telecom as an important step in providing Web3 experiences to more consumers,” Polygon Labs CEO Marc Boiron said in a statement.

The companies signed the agreement at SK Telecom’s Seoul headquarters.

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SK Telecom’s NFT marketplace TopPort will also begin supporting the Polygon blockchain, while the two companies seek “to discover promising Web3 startups and support incubation.”

Polygon operates a proof-of-stake sidechain network which runs parallel to Ethereum and hosts notable crypto apps such as …

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