Avalanche Subnet for users of SK Planet

Jewel — Fri, 07 Apr 2023 06:44:42 +0000

Avalanche Subnet for users of SK Planet, South Korea’s biggest loyalty program will integrated with UPTN via the Avalanche Protocol.

SK Planet is launching a dedicated Avalanche Subnet, UPTN, to serve as a Web3 portal for its millions of users, providing digital collectibles, Web3 wallets, decentralized communities, and more.

The UPTN Subnet will support Web3 wallets, digital valuables, decentralized communities, and more. OK cashbag (OCB) and other popular SK Planet applications will incorporate UPTN.

The biggest Korean e-commerce loyalty program, OCB, offers NFTs, community features, and Avalanche protocol membership perks. Ava Labs and SK Planet have been involved in South Korea’s Web3 sector for years. According to research by Ava Labs, Avalanche’s brand recognition in the country skyrocketed 139% QoQ in Q4 ‘22.

SK Planet, a subsidiary of SK Square, offers e-commerce and digital marketing solutions, including some of South Korea’s most popular loyalty programs. SK Planet is expanding its platforms globally through collaborations with Ava Labs.

Avalanche Subnets empower everyone from individuals to enterprises to build custom, app-specific blockchains optimized for their specific use case. Subnets are seamlessly interoperable with the broader Avalanche network, but isolate traffic to dedicated infrastructure securing the chain, enabling Avalanche to scale without limits.

About SK Planet

SK Planet is a leading technology company that creates new value for businesses by leveraging data. It collects and analyzes over 130 million pieces of data from major services across SK Group.

Website| Twitter

About Avalanche

Avalanche network is the blockchain industry’s quickest smart contracts platform digital asset. Avalanche is blazingly fast, low cost, echo-friendly Any smart contract-enabled application can outperform its competition by deploying on Avalanche.

Website | Twitter

SOURCE: https://medium.com/avalancheavax/sk-planet-announces-uptn-south-koreas-long-awaited-web3-ecosystem-built-on-avalanche-36b7bb6e6ea8

REQUEST AN ARTICLE

The post Avalanche Subnet for users of SK Planet appeared first on Smart Liquidity Research.

#SkPlanet Archives - Smart Liquidity Research

Avalanche Subnet for users of SK Planet