Companies • August 16, 2023, 8:01PM EDT Published 1 minute earlier on 
The Block
Quick Take
- The companies will develop a web3 ecosystem, while also seeking to identify “promising” startups worthy of incubation.
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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.
