SK Telecom to Launch T Wallet in Partnership with Aptos and Atomrigs Lab
South Korean telecom giant SK Telecom has announced its plans to launch a Web3 wallet service called T Wallet in collaboration with Aptos and Atomrigs Lab. Through this partnership, SK Telecom aims to expand its affiliations with customer-preferred mainnets and decentralized applications (dApps).
Partnership Details
In July 2022, SK Telecom’s blockchain arm had already revealed its intention to launch a blockchain wallet for cryptocurrencies and NFTs. The company had partnered with AhnLab Blockchain Company and Atomix Lab for the development and operation of the Web3 wallet. Now, with the addition of Aptos Labs, SK Telecom aims to enhance its affiliations with mainnets and dApps, particularly focusing on the T Wallet.
“We are delighted to announce that we signed a tripartite agreement with Aptos Labs, a rapidly emerging and scaling layer 1 mainnet, and Atomrigs Lab, our technology partner. This partnership is a strategic move to enhance our affiliations with customer-preferred mainnets and decentralized applications(dApps), with a particular focus on our Web3 wallet service, T wallet.”
SK Telecom also emphasized its commitment to delivering a seamless and secure Web3 experience for users by integrating the T Wallet into Aptos’ dApp ecosystem. The collaboration will leverage Aptos’ MoveVM blockchain technology.
T Wallet Integration Into Aptos
The integration of SK Telecom’s T Wallet into the Aptos dApp ecosystem will enable users to connect with the promising dApp ecosystem within Aptos. This move is significant considering that South Korean residents hold over 70% of their overseas assets in cryptocurrency, according to data from the National Tax Service. Aptos will provide a seamless and secure Web3 experience for users.
Aptos (APT) Price Analysis
Aptos (APT) is currently trading around $7.27. Over the past 24 hours, the price has experienced notable fluctuations, reaching highs of $7.60 and lows of $7.23. Despite this volatility, sentiment around Aptos remains bullish, with 23 technical analysis indicators suggesting a bullish signal and the Fear & Greed Index indicating greed.
According to CoinCodex’s technical indicators, Aptos’ 200-day SMA is expected to drop to $7.52 by December 6th. Additionally, the short-term 50-day SMA is predicted to reach $7 by the same date. The Relative Strength Index (RSI) currently sits at 61.81, indicating a neutral position.
Hot Take: SK Telecom Expands Its Blockchain Presence With T Wallet Launch
SK Telecom’s partnership with Aptos and Atomrigs Lab marks a strategic move towards enhancing its affiliations with mainnets and dApps in the blockchain space. The launch of the T Wallet aims to provide users with a seamless and secure Web3 experience, while also catering to South Korean residents’ high demand for cryptocurrency holdings. With Aptos’ MoveVM blockchain technology and integration into their dApp ecosystem, SK Telecom is positioning itself as a key player in the crypto industry.
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