While partnership news continues to increase day by day in the cryptocurrency market, the latest partnership news came from South Korea.
Accordingly, South Korea's largest mobile operator SK Telecom announced that it has established a partnership with the popular altcoin project Aptos (APT).
Stating that this partnership is three-way, SK Telecom announced that the other partner is Atomrigs Lab.
SK Telecom said in a statement that the tripartite partnership aims to improve its relationships with customer-preferred mainnets and decentralized applications (focusing on the T wallet).
“SK telecom signed a tripartite agreement with Aptos, a rapidly developing and scaling layer 1 mainnet, and SK telecom's technology partner Atomrigs Lab to develop the web3 wallet service known as T wallet.
“Through the collaboration with Aptos, SK telecom is committed to providing users with a seamless and secure Web3 experience.”
SK telecom signed a tripartite agreement with #Aptos, a rapidly-emerging and scaling layer 1 mainnet, and Atomrigs Lab, SK telecom’s technology partner. Through the collaboration with Aptos, SK telecom is committed to delivering a seamless and secure Web3 experience for users. pic.twitter.com/Ga9qoZz84W
— SK telecom (@SKtelecom) November 7, 2023
SK Telecom also stated that its collaboration with Aptos will be the first non-Ethereum (ETH) virtual machine blockchain integration.
After the partnership news, Aptos (APT) price moved upwards. APT, which rose to $7.69, continues to trade at $7.33 at the time of writing.
*This is not investment advice.