Polygon Ignites Web3 Revolution with SK Telecom Partnership for Startup Incubation

Polygon Labs has initiated a collaboration with South Korea’s prominent mobile industry leader, SK Telecom. This partnership aims to cultivate Web3 environments and spot potential startups for nurturing. The two enterprises officially sealed this agreement at SK Telecom’s main office in Seoul.

SK텔레콤이 폴리곤랩스와 Web3 생태계 협력을 위한 전략적 파트너십 MOU를 체결했습니다. 탑포트(TopPort)와 Web3 지갑이 폴리곤 블록체인 네트워크를 지원하고, Web3 서비스들이 폴리곤 글로벌 생태계와 결합할 수 있도록 할 예정입니다. ▶ #블록체인 pic.twitter.com/gxg02XoCpI

— SK telecom (@SKtelecom) August 17, 2023

Oh Se-hyun, Vice President and Head of Web3 CO at SKT, and Marc Boiron, CEO of Polygon Labs, attended the signing event. Boiron expressed:

We see this collaboration with SK Telecom as an important step in providing Web3 experiences to more consumers.

The Vice President of SK Telecom also stated that:

By combining our experience in blockchain services and Polygon Lab’s blockchain infrastructure and eco, we will be able to create valuable business opportunities and boost the Web3 eco.”

Advantages of the Polygon (MATIC) Collaboration with SK Telecom

One of this collaboration’s key focal points involves identifying and incubating promising startups operating within the Web3 sector. The two companies will also facilitate the entry of global startup ventures into the South Korean market and the introduction of leading worldwide decentralized applications (dApps) into the local Korean industry.

SK Telecom’s NFT (non-fungible token) marketplace, known as TopPort, is gearing up to integrate with the Polygon (MATIC) blockchain. Through this partnership, TopPort will enable users to create Polygon-based NFTs, ensuring compatibility and scalability across other NFT platforms within the Polygon eco. SK Telecom’s slated release of a web3 wallet in the latter half of 2023 will seamlessly interface with the Polygon network and incorporate NFT trading features.

Partial Decline in Matic Metrics and Revenue

During the preceding quarter, essential network metrics for Polygon (MATIC) stabilized, suggesting a temporary pause in its expansion. The total value held within the blockchain also experienced a partial decrease in recent weeks.

Nonetheless, a significant upcoming update in the blockchain’s roadmap may lead to a reversal of this trend, potentially favoring Polygon’s trajectory in the coming months. Artemis‘ data analysis revealed that specific vital network statistics, such as the count of active addresses per day, exhibited little to no change during a three-month period. Moreover, the daily transaction volume displayed only marginal fluctuations, failing to show significant upward movement.

Buy Polygon (MATIC) quickly and securely with PayPal, credit card or bank transfer at eToro. Visit Website <<While this signified consistent network operation, it also implied a pause in the blockchain’s expansion. A minor decrease was observed in relation to the blockchain’s fees and earnings. Nevertheless, in the upcoming months, NFT holds the potential for a positive shift in Polygon’s trajectory, as the platform has some undisclosed strategies that could bring about favorable developments.

Polygon 2.0 Holds Transformative Potential

In the crypto realm, a recent revelation named Polygon 2.0 can revolutionize the landscape. Polygon recently unveiled its forward-looking move, titled Polygon 2.0, which carries significant promise and could propel MATIC’s expansion significantly in the upcoming months. A recent tweet by Today In Polygon underscored a handful of positive aspects and merits associated with this upgrade. One of the foremost enhancements is the establishment of the Polygon 2.0 Community Treasury.

The Community Treasury represents a pioneering eco fund integrated within the protocol, guided by community governance. Its purpose is to deliver three key benefits to the blockchain: self-sustaining economic reinforcement, bolstered decentralization by reducing reliance on the Polygon Foundation, and heightened transparency coupled with active community engagement.

As the blockchain’s capabilities progress and achieve greater transparency, it can attract fresh users, stimulating its expansion. A notable transformation will also involve the debut of POL, the successor to MATIC. The blockchain envisions POL as an instrument for orchestrating and nurturing eco development.

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