Ozys inks partnership with SKT for Web3 biz

Choi Jin-han, right, CEO of Ozys, poses with Kim Jong-seung, director of SK Telecom, after signing a memorandum of understating about cooperation in Web3 business, Aug. 28. Courtesy of Ozys

By Baek Byung-yeul

Ozys, a blockchain technology company, signed a partnership with SK Telecom to expand the ecosystem of Web3, the company said Tuesday.

Ozys said it signed a memorandum of understanding with the country's largest mobile carrier SK Telecom on Aug. 28 for Web3, a term used to describe technologies that decentralize data ownership and control on the internet, including the blockchain.

Ozys is a blockchain technology company specializing in developing user-friendly Web3 services. Its services include the decentralized finance service KLAYswap and the cross-chain platform Orbit Bridge.

With the signing of this MOU, the two companies will create synergies centered on user-friendly services and focus on core competencies to expand the Web3 ecosystem.

In particular, they plan to integrate Orbit Bridge's Native Coin Swap feature into SK Telecom's upcoming Web3 wallet.

“The collaboration with SK Telecom is expected to be an opportunity to utilize the technology we have accumulated as a stepping stone for the popularization of Web3,” Choi Jin-han, CEO of Ozys, said.