• Polygon Labs has entered into a partnership with SK Telecom.
  • The partnership is to find and incubate promising startups in the Web3 space.

Polygon Labs, the blockchain company, has entered into a partnership with the South Korean mobile giant SK Telecom. Through the collaboration, the firms aim to develop the Web3 ecosystem and identify potential startups. Moreover, both companies have signed an agreement at SK Telecom’s headquarters in Seoul.

The integration with the South Korean firm makes it more capable of handling decentralized apps. And also provides faster transaction times and lower fees. The collaboration also creates new opportunities for business. And also makes developers use the high-performance network to build innovative solutions.

The significant partnership with SK Telecom adds more strength to Polygon’s position as the leading blockchain platform. One of the top focuses of the partnership is to find and incubate promising startups in the Web3 space. The wallet will also introduce NFT trading. Moreover, the two firms will support the startup’s entry into South Korea.    

Jump Trade Experience Surge After Polygon Integration 

Jump Trade, Asia’s largest NFT marketplace, has revealed that there have been 38K wallets generated in the past seven days. Furthermore, 300,000 wallets were generated in the previous year. The NFT marketplace believes that the surge in wallets is because of the Web3 adoption that Jump Trade enabled on Polygon.

On August 17, Sandeep Nailwal, the founder of Polygon, tweeted that he feels the Jump Trade marketplace is one of the unsung heroes of the Polygon NFTs ecosystem. Jump Trade also expressed that the Polygon adoption brings a big wave to wallets. Moreover, Sandeep Nailwal mentioned that so much growth is going on there, especially for gaming NFTs.