82
South Korean telecommunications giant SK Telecom on Wednesday said it has signed a strategic cooperation agreement with Morph Interactive, a 3D motion graphics company, to rapidly expand its metaverse platform Ifland.
The two companies will collaborate to develop props, avatars, costumes, and spaces that can be used in Ifland metaverse. Moreover, the telecom firm will make equity investments in Morph Interactive under the agreement.
SK Telecom Plans Metaverse Push With Morph Interactive
SK Telecom is among many leading companies in South Korea advancing its presence in the crypto and NFT markets. With the Ifland metaverse platform, SK Telecom intends to cater to the millennial and Gen-Z crowd.
The cooperation with Morph Interactive will help introduce game elements and mini-games in the metaverse. Moreover, the users will be able to create avatars, costumes, and spaces to interact and communicate in Ifland. Morph Interactive has been a key partner of SK Telecom since the launch of Ifland in July last year.
SKT’s metaverse platform head Yang Maeng-seok, told South Korean publication Aju Business Daily:
“We will continue to expand cooperation with leading Metabus-related companies and establish ourselves as a global service.”
The company also intends to eventually introduce a NFT marketplace into its metaverse.
In addition, Morph Interactive’s CEO, Kim Jung-youl, believes the collaboration will help develop Ifland into a successful metaverse for its users and corporations globally. SK Telecom also plans to hold events such as forums, lectures, festivals, concerts, and fan meetings in Ifland.
South Korea braces for crypto explosion
Crypto adoption in South Korea is set to flourish under the crypto-friendly regulations and NFT push promised by South Korean President Yoon Suk-yeol.
South Korean companies including SK Group, Samsung, and LG are introducing products and contributing to crypto and NFT developments in the country. SK Group through its investment arm SK Square has planned to launch its own cryptocurrency.
Samsung and LG have launched specially designed smart television models to provide an immersive NFT experience. Moreover, users will be able to trade NFT artworks on the TV sets.
- Trending
- Price Analysis
- Just-In: Nexo Launches Crypto-Backed Credit Card With Mastercard
- Just-In: South Korean Giant SK Telecom Plans To Expand Its Metaverse
- This Solana-Based Token Was Bought The Most By ETH Whales
- Bitcoin (BTC) Whale Trade Suggests Recovery From $40k, Here’s Why
- Terra’s Additional 2508 Bitcoin Buy Fails To Stimulate Prices, Here’s Why
- Shiba Inu (SHIB) Rallies 21%, Here’s Why It Will Rise Further
- Just-In: MoonPay Raises $87 Mln In Celebrity-Led Funding Round
- U.S. Inflation for March Spikes to 8.5%, Has Bitcoin (BTC) and Crypto Already Priced In?
- Breaking: Three BAYC NFT Owners Slams OpenSea With Lawsuit
- Top Cardano (ADA) Whales Increase Supply Significantly
- Avalanche Price Prediction: AVAX Price Bounce Back From $0.75; Is Downside Over?
- Solana Price Prediction: An Inverted Hammer Candlestick Indicates A 38% Upside
- MATIC Price Prediction: MATIC Price Revisits $1.3 Support: Time To buy?
- Zilliqa Price Prediction: ZIL Price Challenges 0.618% Fibonacci Retracement; Keeps Eye On $13.5 Next
- APE Price Prediction: APE Price Ready To Rechallenge $12.3 Resistance
- Cardano Price Prediction: ADA Price Fell Below $1.0; Is Bounce Back On The Cards?
- NEAR Price Prediction: 20 EMA Reinforce NEAR Buyers to Break $17.7
- COSMOS Price Prediction: Oversold RSI Indicates 15% Jump In ATOM Price
- SHIB Price Prediction: SHIB Price Hints Symmetrical Triangle Breakout
- Bitcoin Price Prediction: Could BTC Price Sustain Above $40,000?
