India’s homegrown e-commerce big Flipkart will use Polygon’s chain growth package (CDK) to launch a Web3 loyalty program.
On Dec. 2, Polygon and Flipkart introduced a strategic partnership to successfully place the e-commerce platform into Web3 and the metaverse. This included initiatives corresponding to Flipverse for nonfungible tokens (NFTs), eDAO for metaverse and the FireDrops NFT market.
Constructing on this partnership, Polygon co-founder Sandeep Nailwal introduced on Dec. 7 that Flipkart will use the Polygon CDK to scale its FireDrops Web3 loyalty program.
Essential announcement for as we speak@Flipkart, the biggest ecommerce and one of many largest funds corporations in India is launching an ecosystem chain with @0xPolygon CDK.
That is an recreation changer for Web3 ecosystem in India. It not solely has the potential to draw the highest fintech… pic.twitter.com/gItcp4IjqB— Sandeep Nailwal | sandeep. polygon (@sandeepnailwal) December 7, 2023
Flipkart shared plans to make use of the Polygon CDK as the bottom to construct an Ethereum-based zero-knowledge (ZK) layer-2 community, which may help the e-commerce platform scale future development and streamline its service.
Flipkart may also use the Polygon CDK to supply a streamlined onboarding expertise, devoted blockspace and low transaction charges to its customers, amongst different companies. Whereas saying the initiative, Nailwal acknowledged:
“It is a recreation changer for Web3 ecosystem in India. It not solely has the potential to draw the highest fintech entrepreneurs in India to construct Web3, nevertheless it additionally may encourage many different high Enterprise and client manufacturers to construct their appchains.”
Nailwal additionally believes that participation from main organizations will additional cement India’s place as a Web3 powerhouse. “Future upgrades to Polygon CDK may also permit for enhanced privateness for transaction information, the flexibility to run the chain and not using a token or to make use of a central financial institution digital forex and entry to liquidity within the better Polygon and Ethereum ecosystems,” Polygon mentioned.
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Naiwal’s counterpart, Polygon co-founder Jordi Baylina revealed that 2024 will see the amalgamation of Polygon’s numerous Ethereum layer-2 scaling networks to finish its “Polygon 2.0” cross-chain coordination protocol.
Chatting with Cointelegraph, he mentioned that Polygon 2.0 will check how the Polygon ecosystem’s numerous networks can scale and combine by way of the implementation of zero-knowledge proofs.
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