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Flipkart partners with Polygon to to set up a Blockchain-eCommerce Centre of Excellence

Through Flipkart Labs, the e-commerce major has been piloting with Web3 initiatives over the past year. Earlier this year, it launched FireDrops, an NFT platform for brands. During the festive sale, Flipkart piloted its metaverse - called Flipverse.

December 02, 2022 / 01:57 PM IST
Web3  is touted to be the next version of the Internet as it aims to decentralize applications through the blockchain technology. (Representative Image)

Web3 is touted to be the next version of the Internet as it aims to decentralize applications through the blockchain technology. (Representative Image)

Walmart-owned Flipkart on December 2 announced a strategic partnership with Polygon to set up a Blockchain-eCommerce Centre of Excellence (CoE) that will work on research and development of Web3 and metaverse commerce use-cases in India to accelerate the adoption of Web3.

Jeyandran Venugopal, Chief Product and Technology Officer, Flipkart, said, “With the COE, we look forward to working with Polygon and leveraging their expertise and technical know-how to successfully onboard users not just to the value proposition of Web3 or Metaverse commerce but also Web3 in general.”

Also Read: Flipkart burns over $3.7 billion cash in about a year till September 2022

Through Flipkart Labs, the e-commerce major has been piloting with Web3 initiatives over the past year. Earlier this year, it launched FireDrops, an NFT platform for brands. During the festive sale, Flipkart piloted its metaverse - called Flipverse.