Aptos Partners with Korean Mobile Giant SK Telecom as APT Price Gains 43% in Last Month

Key Highlights:

• Aptos becomes the first non-Ethereum virtual machine blockchain to be integrated with Sk Telecom, as it announces partnership with the Korean mobile giant.
• While Aptos have seen more than 43% increase in the last month, this development poses more gains to the coin performance as it extends its presence to the broader Korean region.

Renowned scaling layer 1 blockchain platform, Aptos has entered a new partnership with a leading mobile company in Korea, SK Telecom.

According to an official tweet from SK Telecom, the partnership will see Aptos and SK Telecom joining efforts together to provide 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 Rolls Out Web3 Solutions 

Notably, the Korean mobile giant had recently dived into the web3 space following its plans to add web3 solutions to its platform. This has seen the platform introduce its users to a web3 wallet service dubbed T wallet.

In a bid to facilitate the development of the T wallet, SK Telecom have decided to enhance its affiliations with customer-preferred mainnets and decentralized applications, apparently leading to its integration with the Aptos blockchain.

Notably, this will not only help SK Telecom achieve a seamless adventure into the web3 landscape, it will also help to maximize the potentials of the T wallet which is aimed at providing its users with access to a blockchain-based application on their phones to store tokens. 

Aptos Becomes First non- Ethereum Virtual Machine (EVM) Blockchain Featured on SK Telecom

Per the announcement, the partnership has seen Aptos emerge as the first non- Ethereum Virtual Machine (EVM) blockchain to have integrated with the popular Korean mobile service provider, SK Telecom.

This marks a major milestone for the Aptos blockchain and SK Telecom alike. This will help the duo achieve the mutual goal of delivering a seamless and secure Web3 experience for their users.

“Through the collaboration with Aptos, which marks our first non- Ethereum Virtual Machine (EVM) blockchain integration, SKT is committed to delivering a seamless and secure Web3 experience for our users. We will also provide users with tangible value by connecting to the promising dApp ecosystem within Aptos,” the announcement reads.

SK Telecom expressed its confidence in achieving a significant advancement in making Web3 services more accessible to a broader audience with support from Aptos blockchain. In a bid to achieve this, the company will leverage the innovative MoveVM blockchain technology offered by Aptos.

Aptos Expands Its Presence to the Korean Region, Sees 43% Price Hike in the Last Month

While this big move is set to greatly impact the SK Telecom platform, it also poses great benefits to the Aptos ecosystem alike.

By virtue of the partnership, Aptos will have the opportunity to establish its foothold in the Korean Region following its involvement with the largest mobile company in the country.

Furthermore since its inception, Aptos have remained committed to fostering the growth of the network, and cultivating a strong and evolving ecosystem. As such, this move typically aligns with its mission and appears promising towards helping the network achieve its mission of providing a better user experience for the next digital era.

Avery Ching, co-founder and chief technology officer of Aptos had also expressed positive hopes on the outcome of the new partnership in a recent tweet which reads;

“Looking forward to unlocking new classes of Internet experiences (with blockchain in the background) through Move, sub-second latency, best-in-class throughput and enterprise-grade operations.”

While the Aptos ecosystem have been experiencing a continuous positive trend in the price of Aptos, there is no doubt that this development will serve as an additional fueling factor to help the coin retain the bullish sentiments surrounding its performance.

Notably, Aptos is currently trading at $ 7.20 as of the time of writing, marking over 43% increase in the price of Aptos in the last month, and an impressive 0.15% increase in the last 24 hours.