South Korean telecommunications big SK Telecom on Wednesday mentioned it has signed a strategic cooperation settlement with Morph Interactive, a 3D movement graphics firm, to quickly broaden its metaverse platform Ifland.

The 2 corporations will collaborate to develop props, avatars, costumes, and areas that can be utilized in Ifland metaverse. Furthermore, the telecom agency will make fairness investments in Morph Interactive beneath the settlement.

SK Telecom Plans Metaverse Push With Morph Interactive

SK Telecom is amongst many main corporations in South Korea advancing its presence within 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 assist introduce recreation parts and mini-games within the metaverse. Furthermore, the customers will have the ability to create avatars, costumes, and areas to work together and talk in Ifland. Morph Interactive has been a key accomplice of SK Telecom for the reason that launch of Ifland in July final yr.

SKT’s metaverse platform head Yang Maeng-seok, instructed South Korean publication Aju Enterprise Day by day:

“We’ll proceed to broaden cooperation with main Metabus-related corporations and set up ourselves as a world service.”

The corporate additionally intends to ultimately introduce a NFT market into its metaverse.

As well as, Morph Interactive’s CEO, Kim Jung-youl, believes the collaboration will assist develop Ifland right into a profitable metaverse for its customers and companies globally. SK Telecom additionally plans to carry occasions similar to boards, lectures, festivals, concert events, and fan conferences in Ifland.

South Korea braces for crypto explosion

Crypto adoption in South Korea is ready to flourish beneath the crypto-friendly laws and NFT push promised by South Korean President Yoon Suk-yeol.

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South Korean corporations together with SK Group, Samsung, and LG are introducing merchandise and contributing to crypto and NFT developments within the nation. SK Group by its funding arm SK Sq. has deliberate to launch its personal cryptocurrency.

Samsung and LG have launched specifically designed sensible tv fashions to offer an immersive NFT expertise. Furthermore, customers will have the ability to commerce NFT artworks on the TV units.


The introduced content material could embody the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any duty to your private monetary loss.

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