The Ifland metaverse, operated by South Korean telecommunications behemoth SK Telecom (SKT), is now allowing users to earn money by hosting virtual meetups, the company announced on Monday.

To launch its metaverse economy, SKT has implemented an “ifland point” system in which any Ifland user can earn points by logging in at a specified time and performing missions. Points are also awarded as daily prizes, attendance awards, and surprise rewards.

Users can contribute their points to other users who conduct virtual meetups. These hosts can transfer earned points to their personal accounts.

Users can only cash out donation points earned by hosting meetups. The latest update now includes “ifland studio,” where users may design avatar clothes. In the future, the costumes will be marketable for points.

According to Ifland, three additional large-scale updates will be released to develop the metaverse ecology further.

According to the Korea Information Society Development Institute (KISDI), SK Telecom, the telecommunications subsidiary of conglomerate SK Group, will host about half of all mobile communication customers in South Korea by 2021.

In addition, the company is working on a digital wallet for crypto management and Web3 access.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News

Ifland

ifland point

KISDI

SK Group

SK Telecom

SKT

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Metaverse News

SK Telecom’s Ifland Metaverse Allows Users To Make Money

The Ifland metaverse, operated by South Korean telecommunications behemoth SK Telecom (SKT), is now allowing users to earn money by hosting virtual meetups, the company announced on Monday.

To launch its metaverse economy, SKT has implemented an “ifland point” system in which any Ifland user can earn points by logging in at a specified time and performing missions. Points are also awarded as daily prizes, attendance awards, and surprise rewards.

Users can contribute their points to other users who conduct virtual meetups. These hosts can transfer earned points to their personal accounts.

Users can only cash out donation points earned by hosting meetups. The latest update now includes “ifland studio,” where users may design avatar clothes. In the future, the costumes will be marketable for points.

According to Ifland, three additional large-scale updates will be released to develop the metaverse ecology further.

According to the Korea Information Society Development Institute (KISDI), SK Telecom, the telecommunications subsidiary of conglomerate SK Group, will host about half of all mobile communication customers in South Korea by 2021.

In addition, the company is working on a digital wallet for crypto management and Web3 access.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News

Other Posts

[tptn_list limit="8" title_length="0" heading="0" show_date="0" daily="1"]