SK Planet Unveils 'UPTN' BaaS Service to Support Web 3.0 Onboarding

SK Planet unveiled UPTN, a service that leverages the advantages of the BaaS (Blockchain as a Service) model to help companies adopt Web 3.0 services without building complex blockchain infrastructure. BaaS is a cloud-based solution that simplifies the development, deployment, and operation of blockchain applications, contributing to reduced initial investment costs and secured scalability.

Key UPTN Service Components

UPTN provides three core solutions to help with the transition from Web 2.0 to Web 3.0.

• UPTN Station: A solution that enables blockchain wallet use even within existing ID/PW or social login systems. It supports an EVM-compatible Self-custodial Wallet, and securely manages private keys using the TSS (Threshold Signature Scheme) method. It supports major blockchain networks such as Avalanche, Polygon, Optimism, and Arbitrum.
• UPTN Block Explore: A block explorer that allows users to look up detailed information such as specific blocks, transactions, and addresses. It is currently built on an Avalanche subnet, providing transparent data access for developers and users.
• UPTN NFT: Provides NFT issuance and management functions based on real-world use cases. Building on experience applied to actual businesses such as 11st and OK Cashbag, it is used to convert memberships, events, mileage, and the like into Web 3.0 assets.

Operational Stability and Regulatory Response

UPTN has know-how in operating a mainnet based on an Avalanche subnet that has run stably for about a year. Its gas fee sponsorship feature is designed so that users do not feel the burden of network costs that fluctuate in real time. In addition, in line with the legal trend of treating tokens as assets, UPTN has built internal control and monitoring processes to improve the reliability of financial reporting and prevent asset loss, securing stability that meets domestic regulatory standards.