MATIC: Collaboration Between Polygon Labs and South Korea’s SK Telecom

The Partnership Between Polygon Labs and SK Telecom

The blockchain company behind MATIC, Polygon Labs, has joined forces with South Korean mobile giant SK Telecom in an exciting collaboration. The primary goal of this partnership is to foster the development of Web3 ecosystems and to identify and support promising startups through incubation. The official agreement was signed at SK Telecom’s headquarters in Seoul, with the presence of key figures such as Oh Se-hyun, Vice President and Head of Web3 CO at SKT, and Marc Boiron, CEO of Polygon Labs.

Boiron expressed his enthusiasm by stating, “We view this collaboration with SK Telecom as a crucial stride towards making Web3 experiences accessible to a broader range of consumers.” Similarly, the Vice President of SK Telecom emphasized, “By amalgamating our expertise in blockchain services with Polygon Lab’s robust blockchain infrastructure and ecosystem, we can generate valuable business prospects and amplify the Web3 ecosystem.”

Benefits of the Polygon (MATIC) and SK Telecom Collaboration

The partnership holds several key advantages for both Polygon and SK Telecom. One of the primary objectives is the identification and nurturing of promising startups within the Web3 industry. Additionally, the collaboration aims to facilitate the entry of international startups into the South Korean market. The partnership will also pave the way for the introduction of top global decentralized applications (dApps) into the domestic Korean market.

Exciting developments are also on the horizon for SK Telecom’s NFT (non-fungible token) marketplace, TopPort. The partnership will enable TopPort to extend support for the Polygon (MATIC) blockchain, allowing users to mint NFTs based on Polygon. These NFTs will not only be compatible with other NFT platforms within the Polygon ecosystem but will also offer scalability. Furthermore, SK Telecom has plans to unveil its web3 wallet in the latter half of 2023, which will seamlessly integrate with the Polygon network and introduce NFT trading.

Conclusion

The collaboration between Polygon Labs and SK Telecom marks a significant step towards advancing the Web3 ecosystem and nurturing innovative startups. This partnership holds the promise of introducing new opportunities for both companies and contributing to the growth of the blockchain industry.