SK Telecom is taking an important step into the metaverse space. introduction Digital currency “Stone” Ifland platform. This move aims to foster an active Metaverse community and engage a large user base of over 30 million customers.
SK Telecom is a South Korean wireless carrier and former film distribution company that is part of the SK Group. The company is South Korea’s largest wireless carrier, with 27,019,000 subscribers as of the fourth quarter of 2017.
Ifland is a metaverse platform developed by SK Telecom, a South Korean telecommunications company.
The platform provides users with a personalized 3D virtual space where they can express themselves and interact with other users in the world of the Metaverse.
Ifland launched in South Korea in July 2021 and has since expanded globally, with the global version available in English, Chinese (traditional and simplified), and Japanese.
The introduction of the “Stone” digital currency to the virtual space expands the Ifland experience with additional tools to keep users engaged.
SK Telecom said that the “Stone” digital currency will introduce a robust economic system in Iran that distinguishes between paid and free items.
It also noted that users can purchase “Stones” through in-app purchases on platforms such as the App Store, which can provide access to high-value virtual items and influencer sponsorships.
Another benefit of the company’s itemized digital currency is that influencers within Ifland will be able to profit from subscriber donations and user sponsorships, fostering a dynamic and engaging Metaverse community.
In addition, Ifland provides users with reqrad as points for participating in events and completing missions in the virtual world. These points can be used to acquire basic items and enjoy different aspects of the platform’s metaverse.
Apart from the new digital currency, SK Telecom has integrated non-fungible tokens (NFTs) into Ifland through TopPort, an NFT marketplace.
This integration will allow users to utilize NFT-linked virtual items for avatar customization and other metaverse activities.
Commenting on the innovative steps taken by SK Telecom, Yang Meng-seok, head of SKT Metaverse CO, said the steps will create a sustainable engagement ecosystem where “premium content production and consumption occur simultaneously.” said.