11 months ago
Flipkart shared plans to usage Polygon CDK arsenic the basal to physique an Ethereum-based ZK layer-2 network, which tin assistance the e-commerce level standard aboriginal maturation and streamline its service.
India's homegrown e-commerce elephantine Flipkart volition usage Polygon’s concatenation improvement kit (CDK) to motorboat a Web3 loyalty program.
On Dec. 2, Polygon and Flipkart announced a strategical concern to efficaciously presumption the e-commerce level into Web3 and the metaverse. This included initiatives specified arsenic Flipverse for nonfungible tokens (NFTs), eDAO for metaverse and the FireDrops NFT marketplace.
Building connected this partnership, Polygon co-founder Sandeep Nailwal announced connected Dec. 7 that Flipkart volition usage Polygon CDK to standard its FireDrops Web3 loyalty program.
Main announcement for today@Flipkart, the largest ecommerce and 1 of the largest payments companies successful India is launching an ecosystem concatenation with @0xPolygon CDK.
This is an crippled changer for Web3 ecosystem successful India. It not lone has the imaginable to pull the apical fintech… pic.twitter.com/gItcp4IjqB
Flipkart shared plans to usage Polygon CDK arsenic the basal to physique an Ethereum-based zero-knowledge (ZK) layer-2 network, which tin assistance the e-commerce level standard aboriginal maturation and streamline its service.
Flipkart volition besides usage the Polygon CDK to connection a streamlined onboarding experience, dedicated blockspace and debased transaction fees to its users, among different services. While announcing the initiative, Nailwal stated:
“This is simply a crippled changer for Web3 ecosystem successful India. It not lone has the imaginable to pull the apical fintech entrepreneurs successful India to physique Web3, but it besides mightiness promote galore different apical Enterprise and user brands to physique their appchains.”Nailwal besides believes that information from starring organizations volition further cement India's presumption arsenic a Web3 powerhouse. “Future upgrades to Polygon CDK volition besides let for enhanced privateness for transaction data, the quality to tally the concatenation without a token oregon to usage a cardinal slope integer currency and entree to liquidity successful the greater Polygon and Ethereum ecosystems,” Polygon said.
Related: Polygon blockchain explained: A beginner’s usher to MATIC
Naiwal’s counterpart, Polygon co-founder Jordi Baylina revealed that 2024 volition spot the amalgamation of Polygon’s assorted Ethereum layer-2 scaling networks to implicit its “Polygon 2.0” cross-chain coordination protocol.
Speaking to Cointelegraph, helium said that Polygon 2.0 volition trial however the Polygon ecosystem’s assorted networks tin standard and integrate done the implementation of zero-knowledge proofs (ZK-proofs).
Magazine: Slumdog billionaire: Incredible rags-to-riches communicative of Polygon’s Sandeep Nailwal
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