Polygon Labs and Korean mobile giant SK Telecom forge web3 partnership

Companies • August 16, 2023, 8:01PM EDT
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  • The companies will develop a web3 ecosystem, while also seeking to identify “promising” startups worthy of incubation.

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.

Polygon blockchain

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 Uniswap and Aave. The blockchain is considered one of the most popular among web3 gaming startups.


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RT Watson profile picture RT Watson

RT Watson is a senior reporter at The Block who covers a wide array of topics including U.S.-based companies, blockchain gaming and NFTs. Formerly covered entertainment at The Wall Street Journal, where he wrote about Disney, Netflix, Warner Bros. and the creator economy while focusing primarily on technological disruption across media. Previous to that he covered corporate, economic and political news in Brazil while at Bloomberg. RT has interviewed a diverse cast of characters including CEOs, media moguls, top influencers, politicians, blue-collar workers, drug traffickers and convicted criminals. Holds a master's degree in Digital Sociology.

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